ICICI Prudential Asset Management Company (AMC) on Monday reported a 6.1% year-on-year increase in net profit to ₹889 crore for the July-September quarter of FY27, compared with ₹838 crore in the corresponding period last year.
Revenue from operations rose 16.3% year-on-year from ₹1,439.06 crore in the year-ago quarter, indicating continued growth in the company's operating income.
However, the increase in net profit was slower than revenue growth, highlighting a divergence between the company's top-line expansion and its bottom-line performance.
Total income rises 11.9%, expenses climb 17.9%
The company's total income increased 11.9% year-on-year from ₹1,510.92 crore in the corresponding quarter of the previous financial year.
Meanwhile, total expenses rose 17.9% from ₹418.31 crore in the year-ago period. The faster increase in expenses compared with total income and revenue from operations is a key factor to watch when assessing the company's earnings performance.
The latest results show that although operating revenue expanded at a double-digit pace, profit growth remained more moderate during the quarter.
Earnings per share declines sequentially
The company's earnings per share (EPS) stood at ₹17.99 in the September quarter, compared with ₹16.95 in the corresponding period last year, representing an increase of around 6.1% year-on-year.
However, EPS declined from ₹19.52 in the preceding quarter, indicating a sequential moderation in per-share earnings.
The difference between the year-on-year improvement and quarter-on-quarter decline provides a more nuanced picture of the company's performance in the September quarter.
Separately, ICICI Prudential AMC declared an interim dividend of ₹30 per share, according to media reports. The dividend details should be checked against the company's official board outcome before publication.
About ICICI Prudential AMC
ICICI Prudential Asset Management Company is an asset management firm that manages mutual fund schemes and offers investment products across equity, debt and other asset classes. It is part of the ICICI Prudential financial services franchise, with ICICI Bank and Prudential Corporation Holdings among its key shareholders. The company caters to retail and institutional investors through a range of investment offerings and distribution channels.