ICICI Prudential Asset Management Company Limited has filed its audited financial results for the quarter and year ended March 31, 2026, with the National Stock Exchange of India. The results, which were uploaded on April 13, 2026, have received an unmodified audit opinion from statutory auditor Walker Chandiok & Co LLP. The company clarified that certain pages of the financial results were inadvertently not converted to machine-readable form at the time of initial uploading and have now been rectified.

The financial performance for FY26 shows significant growth across key metrics. Profit for the year increased to ₹32,982.6 million from ₹26,506.6 million in the previous fiscal year, representing a 24.4% increase. Revenue from operations rose to ₹57,646.3 million compared to ₹46,827.8 million in FY25. Total income for the year stood at ₹60,009.2 million, up from ₹49,796.7 million in the preceding year. Basic and diluted earnings per share improved to ₹66.73 from ₹53.63 in the previous year.

Financial Performance Summary

Balance Sheet Position

The company's total assets as of March 31, 2026, stood at ₹50,503.8 million, compared to ₹43,836.8 million in the previous year. Investments constituted the largest component of financial assets at ₹38,565.4 million, up from ₹32,851.9 million in FY25. Cash and cash equivalents increased significantly to ₹1,339.7 million from ₹154.4 million. Equity share capital increased to ₹494.3 million from ₹176.5 million, reflecting the share split and bonus issue during the year. Other equity grew to ₹41,217.4 million from ₹34,992.9 million.

Corporate Actions and Developments

During FY26, the company undertook several significant corporate actions. The Board approved interim dividends of ₹11.79, ₹12.68, ₹14.11, and ₹14.85 per equity share at meetings held in April, July, October 2025, and January 2026, respectively. The Board has proposed a final dividend of ₹12.40 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting. The company completed its initial public offering and was listed on both NSE and BSE on December 19, 2025. Subsequent to March 31, 2025, shareholders approved a split of each equity share of face value ₹10 into 10 equity shares of face value ₹1 each. Additionally, in October 2025, shareholders approved the issuance of bonus shares in the ratio of 1.8 bonus equity shares for every 1 existing fully paid equity share held.

The company also entered into a Business Transfer Agreement with ICICI Venture Funds Management Company Limited for the sale and transfer of investment management rights of identified Category II Alternative Investment Funds for a consideration of ₹1,079.4 million. The transaction received regulatory approvals from the Competition Commission of India and SEBI, with completion achieved by April 1, 2026. The company noted that it has regrouped interest income, dividend income, and net gain on fair value changes from "Revenue from Operations" to "Other Income" during the current year, with corresponding restatements for comparative periods.

ICICI Prudential Asset Management Company Limited reported its financial results for the quarter and year ended March 31, 2026, demonstrating robust performance across key metrics. The company maintained its position as the second-largest asset management company in India with a market share of 13.5%, driven by strong asset under management growth and strategic business expansion.

Financial Performance Highlights

The company delivered solid financial results for Q4 FY26, with operating revenue reaching INR15.17 billion, representing growth of 19.5% year-on-year and 0.2% sequentially. Operating profit before tax increased to INR11.28 billion, up 30.2% year-on-year and 1.6% quarter-on-quarter. Profit after tax stood at INR7.63 billion, reflecting a 10.4% increase year-on-year, though it decreased 16.8% sequentially due to mark-to-market impacts.

The return on equity for the year ended March 2026 stood at 85.8%. The Board of Directors declared a final dividend of INR12.4 per share, subject to shareholders' approval. For FY26, the company's gross yield was 52 basis points, net yield at 48.3 basis points, and operating margin improved to 37.6 basis points from 35.9 basis points in the previous year.

Asset Under Management Growth

Total mutual fund quarterly average AUM reached INR11.05 trillion, up 2.6% sequentially and 25.6% year-on-year. The company maintained leadership in active schemes with a 13.7% market share and quarterly average AUM of INR9.21 trillion. In equity and equity-oriented schemes, ICICI Prudential AMC held the largest market share of 14.2% with quarterly average AUM of INR6.2 trillion, growing 27.2% year-on-year and 2% quarter-on-quarter.

The alternates business quarterly average AUM stood at INR729.95 billion. Within alternates, PMS quarterly average AUM grew 26.7% year-on-year to INR268.27 billion, while AIF quarterly average AUM of INR170.33 billion reflected 47.3% year-on-year growth.

Strategic Developments and Business Expansion

The company completed the transfer of investment management rights for certain AIFs from ICICI Venture Funds Management Company Limited, effective April 1, 2026. The fee-paying committed funds transferred amount to INR46.28 billion across three strategies: private equity, early stage private equity, and affordable real estate. This expansion complements existing alternate product offerings including private credit and real estate funds.

In February 2026, the company launched ICICI Prudential Smart Navigator Fund, an open-ended Category 3 AIF and its first offering in IFSC GIFT City. The company also established its office in DIFC, Dubai with a dedicated team. Two specialized investment funds, iSIF Equity Ex-Top 100 Long Short Fund and iSIF Hybrid Long Short Fund, were launched in January 2026, with total iSIF assets under management of INR18.96 billion as of March 31, 2026.

Customer Base and Distribution

As of March 31, 2026, the company's unique customer base reached 17 million. Systematic transactions, including SIPs and systematic transfer plans, increased by 1.3% to INR51.04 billion in March 2026, marking a 30.6% rise from INR39.06 billion in March 2025. The distribution mix for mutual fund equity quarterly average AUM comprised direct at 28.9%, MFDs at 36.7%, ICICI Bank at 7.9%, other banks at 11%, and national distributors at 15.5%.

The company's net flow market share in equity schemes exceeds its AUM market share, indicating strong investor confidence. For FY26, margins stood at 67 basis points for equity, 32 basis points for debt, 12 basis points for liquid, 10 basis points for passive, and 30 basis points for arbitrage. On the alternates front, gross yield on PMS and AIF business was 2.0%, with net yield at 0.98%.