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ICICI Prudential AMC shares slip over 3% after Q4 results. Check details

by theadvisertimes.com
4 months ago
in Business
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ICICI Prudential AMC shares slip over 3% after Q4 results. Check details
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Shares of ICICI Prudential Asset Management Company declined as much as 3.4% to their day’s low of Rs 3,238 on the BSE on Wednesday after it reported solid profit growth for the March quarter, driven by higher income and better operating performance.

Profit after tax for Q4 stood at Rs 763 crore, up 10% from Rs 692 crore in the same quarter last year. Profit before tax rose to Rs 1,039 crore from Rs 917 crore in the year-ago period. The company also announced a dividend of Rs 12.4 per share.

Operating performance improved significantly during the quarter. Operating profit came in at Rs 1,128 crore, marking a 30% increase from Rs 866 crore in Q4 FY25, supported by tighter cost management and operating leverage.

Revenue remained strong, with revenue from operations rising 19% year-on-year to Rs 1,517 crore from Rs 1,269 crore. Total expenses eased to Rs 389 crore compared with Rs 403 crore in the year-ago period, aiding margin expansion.

On a quarter-on-quarter basis, profit declined. Net profit fell 17% from Rs 917 crore in Q3 FY26, mainly due to lower total income, although operating costs remained under control.

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For the full year, earnings growth was robust. FY26 profit after tax increased 24.4% to Rs 3,298 crore from Rs 2,651 crore in FY25. Profit before tax rose 24.7% to Rs 4,407 crore, while operating profit grew 28.9% to Rs 4,171 crore.Business metrics also showed steady expansion. Quarterly average assets under management stood at Rs 11,04,787 crore as of March 2026, compared with Rs 8,79,412 crore a year earlier.The company reported a customer base of 17 million investors and a distribution network of over 1.14 lakh partners across 281 offices, reflecting its scale and reach in the domestic mutual fund market.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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