ICICI Prudential Asset Management Company Limited reported a profit after tax of ₹889 crore for the quarter ended September 30, 2026, marking a 6.1% year-on-year increase. The asset management firm’s operating revenue rose 16.3% YoY to ₹1,674 crore, driven by robust growth in assets under management across equity and hybrid categories.

The company maintained its position as the second-largest AMC in India with a market share of 13.3%. Total mutual fund quarterly average AUM reached ₹11.61 lakh crore, up 14.4% YoY. Equity and equity-oriented schemes saw a quarterly average AUM of ₹6.59 lakh crore, reflecting a 16.3% YoY growth that outperformed the industry average.

Financial Performance Highlights

Operating profit before tax stood at ₹1,181 crore, representing a 15.7% YoY increase and a 7.4% sequential growth. However, the lower YoY growth in net profit compared to operating profit was attributed to a decline in other income due to mark-to-market losses. The Board of Directors declared an interim dividend of ₹30 per share.

Business Segment Updates

The alternates business, comprising PMS and AIF, recorded a quarterly average AUM of ₹80,965 crore. PMS AUM grew 21.4% YoY to ₹30,791 crore. During the quarter, the Board approved the acquisition of the PMS business from ICICI Securities Limited, which holds approximately ₹3,000 crore in AUM. This integration aims to enhance client engagement and complement existing product offerings.

In the Specialised Investment Fund (SIF) segment, quarterly average AUM surged to ₹4,948 crore in Q2FY27 from ₹2,678 crore in the previous quarter. The company launched several new products, including Balanced Hybrid Funds and Life Cycle Funds, to expand its distribution reach.

What the Numbers Show

A divergence exists between the strong top-line growth and the moderated bottom-line performance. While operating revenue expanded 16.3% YoY, PAT grew only 6.1% YoY. This gap is primarily explained by the reduction in other income, which fell sequentially due to mark-to-market losses on treasury investments. Additionally, operating expenses rose 17.9% YoY, slightly outpacing revenue growth, indicating increased costs associated with scaling operations and new product launches. Despite this, the operating margin on an annualized basis improved to 37.3 bps in H1FY27 from 36.6 bps in H1FY26, suggesting core operational efficiency remains intact.

ICICI Prudential Asset Management Company Limited will participate in a non-deal US roadshow scheduled from November 2, 2026 to November 6, 2026. The company informed stock exchanges that representatives will engage with investors and analysts through one-to-one and group meetings held in person.

The disclosure was made pursuant to Regulation 30 read with Para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing clarifies that no unpublished price sensitive information will be shared during these interactions.

Event schedule details

The company provided a specific schedule for the upcoming investor engagements in the United States.

Regulatory compliance and disclosures

The intimation was filed on October 16, 2026, to both BSE Limited and National Stock Exchange of India Ltd. The document notes that the schedule is subject to change due to exigencies, if any. This disclosure will be available on the company's website at www.icicipruamc.com .

Meghna Madani, Authorised Signatory, signed the document digitally on October 16, 2026. The company's corporate office is located at ICICI Prudential Mutual Fund Tower, Santacruz East, Mumbai.