ICICI Prudential Asset Management Co

Healthy revenue growth, bottom-line impacted due to drop in other income

ICICI Prudential Asset Management Co has posted 16.31% growth in the income from operation to Rs 1673.79 crore in Q2FY2027. Overall OPM eased to 72.59% in Q2FY2027 from 73.03% in Q2FY2026, leading to 15.61% rise in operating profit to Rs 1,214.97 crore. Other expenditure as a percentage of total income moved up to 14.70% from 14.04% in Q2FY2027. The staff cost as a percentage of total income declined to 12.71% from 12.93% in Q2FY2027.

Other income declined 76.47% to Rs 16.91 crore. Interest cost increased 33.05% to Rs 4.75 crore. Depreciation moved up 10.64% to Rs 29.43 crore. PBT rose 9.62% to Rs 1,197.70 crore. The effective tax rate increased to 25.78% in Q2FY2027 compared to 23.30% in Q2FY2026. Provision for tax was expense of Rs 308.74 crore in Q2FY2027, compared to Rs 254.62 crore?in Q2FY2026. Profit after tax rose 6.08% to Rs 888.96 crore in Q2FY2027.

Business highlights

MF QAAUM increased 14% to Rs 1160819 crore for Q2FY2027 with a market share of 13.3% as compared to Rs 1014758 crore for Q2FY2026.

QAAUM in Actively Managed category moved up 11% to Rs 959487 crore for Q2FY2027 with a market share of 13.3% as compared to Rs 863567 crore for Q2FY2026.

QAAUM in Equity & Equity oriented schemes increased 16% to Rs 659181 crore for Q2FY2027 with a market share of 13.7% as compared to Rs 567000 crore for Q2FY2026.

Equity-Oriented Hybrid QAAUM galloped 20% to Rs 228858 crore for Q2FY2027 with a market share of 26.4% as compared to Rs 191229 crore for Q2FY2026.

Alternates QAAUM stood at Rs 80965 crore for Q2FY2027, which comprises of PMS QAAUM of Rs 30791 crore, AIF QAAUM of Rs 24260 crore and Assets under Advisory of Rs 25914 crore.

Monthly systematic transactions for the month of September 2026 amounted to Rs 4672 crore.

Over 1,18,000 empanelled distribution partners across MFDs, National Distributors and Banks, serviced through a total of 287 offices.

Unique customers stood at 17.8 million at end September 2026 as compared to 15.5 million end September 2025.

Financial performance H1FY2027

The income from operation increased 16.91% to Rs 3238.01 crore in H1FY2027. Overall OPM has increased to 72.50% in H1FY2027 from 72.09% in H1FY2026, leading to 17.57% rise in operating profit to Rs 2,347.62 crore. Other expenditure as a percentage of total income moved up to 14.63% from 14.56% in H1FY2027. The staff cost as a percentage of total income declined to 12.87% from 13.35% in H1FY2027.

Other income declined 9.52% to Rs 197.71 crore. Interest cost increased 8.83% to Rs 9.49 crore. Depreciation moved up 10.71% to Rs 57.49 crore. PBT moved up 15.03% to Rs 2,478.35 crore. The effective tax rate increased to 25.21% in H1FY2027 compared to 24.74% in H1FY2026. Provision for tax was expense of Rs 624.76 crore, compared to Rs 532.95 crore. Profit after tax rose 14.31% to Rs 1,853.59 crore in H1FY2027.

ICICI Prudential Asset Management Company: Results
?	2609 (3)	2509 (3)	Var %	2609 (6)	2509 (6)	Var %	2603 (12)	2503 (12)	Var %
Sales	1673.79	1439.06	16	3238.01	2769.73	17	5851.70	4682.78	25
OPM %	72.6	73.0	?	72.5	72.1	?	73.7	71.3	?
OP	1214.97	1050.92	16	2347.62	1996.70	18	4313.16	3340.10	29
Other Income	16.91	71.86	-76	197.71	218.51	-10	236.78	296.89	-20
PBDIT	1231.88	1122.78	10	2545.33	2215.21	15	4549.94	3636.99	25
Interest	4.75	3.57	33	9.49	8.72	9	17.77	18.55	-4
PBDT	1227.13	1119.21	10	2535.84	2206.49	15	4532.17	3618.44	25
Depreciation	29.43	26.60	11	57.49	51.93	11	105.59	85.39	24
PBT	1197.70	1092.61	10	2478.35	2154.56	15	4426.58	3533.05	25
Tax	308.74	254.62	21	624.76	532.95	17	1113.75	882.39	26
PAT	888.96	837.99	6	1853.59	1621.61	14	3312.83	2650.66	25
EPS (Rs)*	71.9	67.8	?	75.0	65.6	?	67.0	53.6	?
*EPS is annualized on latest equity of Rs 49.43 crore, face value of Rs 1 each, Source: Capitaline Corporate Database

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