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Earnings Call Transcript

ICICI Prudential Asset Management Company Earnings Call Transcript: Key Takeaways

Operating revenue grew 16.3% YoY to ₹1,674 Cr, though mark-to-market hits on treasury dragged PAT down 7.8% QoQ.

Highlights
Revenue growth₹1,674 Cr, 16.3% YoY growth driven by equity AUM expansion.
MarginsOperating margins stable at 37.3 bps vs 36.6 bps YoY.
Demand visibilityStrong retail SIP appetite but shifting toward small and mid-cap segments.
Management confidenceBalanced; focused on long-term value despite short-term market volatility and redemptions.

Growth

AUM reached ₹11.61 lakh Cr; equity AUM outperformed industry growth at 16.3% YoY.

Outlook

Interim dividend declared at ₹30 per share; targeting inorganic scale via ICICI Securities PMS acquisition.

Risks

Elevated redemptions in hybrid/balanced advantage funds and slowing SIP momentum are key headwinds.

Last quarter's promises, checked

Delivered

  • Launched 4 iSIF strategies including Active Asset Allocator → Delivered as planned (= BEAT)
  • Restating alternate data for ICICI Venture acquisition effect → Completed in results (= BEAT)
  • Yields on advisory target 30 bps → Delivered 30 bps (= BEAT)

Partly delivered

  • Expansion of AI-driven SIP renewal calling → Operational but impact still early stage (= PARTIAL)
  • Inbound GIFT City fund traction → Gaining interest but no numerical AUM update provided (= PARTIAL)

Missed

  • Revenue mix target 90.02% mutual fund → Fell to ~88.5% based on growth data (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: ICICIAMC. Summary written with AI assistance from the document.

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ICICI Prudential Asset Management Company Ltd: key numbers

Share price
₹2,788.70
Market cap
₹1,37,834 Cr
Revenue (annual)
₹5,999 Cr
Net profit (annual)
₹3,298 Cr
P/E (TTM)
39.0×Sector 19.7×
Promoter holding
87.59%+0.00% QoQ
FII holding
2.40%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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