ICICI Prudential AMC Q3 Profit Surges 45% to ₹917 Crore, AUM Grows 23%
ICICI Prudential Asset Management Company delivered exceptional Q3 performance with net profit surging 45% to ₹917.00 crore and assets under management growing 23% to ₹10.76 lakh crore. The company maintained strong market position with 13.30% market share, expanded customer base to 16.17 million, and declared interim dividend of ₹14.85 per share.
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ICICI Prudential Asset Management Company delivered exceptional performance in the December quarter, reporting a robust 45% year-on-year increase in net profit to ₹917.00 crore compared to ₹632.00 crore in the same quarter last year. The asset management company demonstrated strong growth momentum with profit before tax rising 47% to ₹1,219.00 crore, reflecting strong market-linked performance and sustained growth in fee income.
Strong Financial Performance Across Quarters
The company's financial performance showcased robust growth across key metrics during both the quarter and nine-month period. Operating profit before tax stood at ₹1,110.00 crore for the quarter, compared with ₹853.00 crore in December last year, marking an increase of around 30%.
| Q3 Financial Performance: | Current Quarter | Previous Year | YoY Growth (%) |
|---|---|---|---|
| Net Profit: | ₹917.00 crore | ₹632.00 crore | +45% |
| Profit Before Tax: | ₹1,219.00 crore | ₹828.00 crore | +47% |
| Operating PBT: | ₹1,110.00 crore | ₹853.00 crore | +30% |
For the nine months ended December, the company maintained strong momentum with operating profit before tax rising to ₹3,043.00 crore from ₹2,370.00 crore in the corresponding period last year, an increase of about 28%. Profit after tax for the nine-month period increased to ₹2,535.00 crore from ₹1,959.00 crore, registering growth of around 29%.
Asset Growth and Market Position
Asset growth remained robust during the quarter, supported by strong inflows into equity and hybrid products. Mutual fund quarterly average assets under management rose to ₹10.76 lakh crore in the third quarter, compared with ₹8.73 lakh crore a year earlier, translating into growth of about 23%. The company maintained its market share at 13.30% during the quarter.
| AUM Performance: | Current Quarter | Previous Year | Growth (%) |
|---|---|---|---|
| Total AUM: | ₹10.76 lakh crore | ₹8.73 lakh crore | +23% |
| Actively Managed AUM: | ₹9.08 lakh crore | ₹7.53 lakh crore | +21% |
| Equity AUM: | ₹6.08 lakh crore | ₹4.92 lakh crore | +24% |
| Market Share: | 13.30% | - | - |
Equity and equity-oriented schemes remained the key growth driver, with quarterly average AUM in this segment rising about 24%, and the company's market share in the segment improving to 13.80%. Assets under actively managed schemes increased to ₹9.08 lakh crore, registering growth of around 21% with a market share of 13.50%.
Customer Base Expansion and Distribution Network
The company's unique customer base grew to 16.17 million as of December compared with 14.33 million a year earlier, reflecting growth of around 12.80%. The AMC serviced investors through more than 1,12,000 empanelled distribution partners across 278 offices, demonstrating its extensive reach and distribution capabilities.
Dividend Declaration and Corporate Developments
The Board of Directors approved an interim dividend of ₹14.85 per equity share for shareholders whose names appear in the Register of Members as on January 21, the record date fixed for this purpose. This dividend declaration reflects the company's commitment to returning value to shareholders while maintaining strong financial performance.
| Corporate Actions: | Details |
|---|---|
| Interim Dividend: | ₹14.85 per share |
| Record Date: | January 21 |
| Customer Base: | 16.17 million |
| Distribution Partners: | 1,12,000+ |
| Office Network: | 278 offices |
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