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Informist, Monday, Jul. 13, 2026

 

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--ICICI Pru AMC Apr-Jun net profit INR 9.65 bln 
--Analysts saw ICICI Pru AMC Apr-Jun net profit INR 9.04 bln 
--ICICI Pru AMC Apr-Jun revenue INR 15.64 bln 
--Analysts saw ICICI Pru AMC Apr-Jun revenue INR 15.11 bln 
--ICICI Pru AMC Apr-Jun net profit INR 9.65 bln vs INR 7.84 bln year ago 
--ICICI Pru AMC Apr-Jun revenue INR 15.64 bln vs INR 13.31 bln year ago 

 

By J. Navya Sruthi

 

MUMBAI – ICICI Prudential Asset Management Co. Ltd.'s net profit rose as the revenue from operations increased on an annual basis. The year-on-year increase in total revenue was supported by healthy growth in other income.   

 

The company posted a net profit of INR 9.65 billion for the June quarter, up over 23% on year. Analysts had expected the company to report a net profit of INR 9.04 billion, according to an average of estimates from five brokerages.

 

The asset management company's revenue rose nearly 18% on year to INR 15.64 billion, also higher than analysts' consensus view of INR 15.11 billion. The asset management company's other income rose over 23% on year to INR 1.81 billion.

 

Analysts expected the company's net profit to grow owing to strong investment income and increase in assets under management. The company's quarterly average assets under management were at INR 11.17 trillion as of Jun. 30, up over 18% on year, the company said in its investor presentation for the June quarter. 

 

The asset management company's total expenses grew nearly 12% on year to INR 4.64 billion. The employee benefits expense of the company rose over 11% on year in the June quarter to INR 2.04 billion while the fees and commission expense rose over 20% on year to INR 1.24 billion. The company's operating profit before tax for the quarter was INR 12.81 billion, up from INR 10.62 billion for the year-ago quarter. Total tax expenses rose nearly 14% on year to INR 3.16 billion.

 

The company has entered into a business transfer agreement for the acquisition of asset management rights of identified Category II alternative investment funds from ICICI Venture for a consideration of INR 1.08 billion. The company has accounted for the agreement as common control transaction as required. Accordingly, the comparative financial information has been restated by considering the effect of the acquired business of ICICI Venture. "The impact of such restatement is not material to the comparative financial information," according to the release.

 

Monday, the company's shares ended at INR 3,205.60 on the National Stock Exchange, up over 1% from Friday.  End 

 

Edited by Rajeev Pai

 

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