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Revenue
₹1,515 Cr
verification pending
Revenue YoY
23.5%
reported change
EBITDA
Pending
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
ICICI Prudential AMC reported a strong Q3 FY26 with operating revenues of ₹1,515 crore (+23.5% YoY) and PAT of ₹917 crore (+45.1% YoY), driven by robust AUM growth across segments. Quarterly average AUM reached ₹10.8 trillion (+23.2% YoY), maintaining the #2 industry position with a 13.3% market share. The company continues to lead in active equity schemes with a 13.8% market share. Systematic transactions rose to ₹5,037 crore per month (+18.6% YoY). Management emphasized a consistent strategy of delivering risk-adjusted returns and investing in capabilities, with no major strategic shifts. Key risks include potential margin pressure from SEBI's proposed TER cuts and competitive intensity in distribution. The company's focus on operating profit and fund performance remains central to its long-term approach.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated its long-term strategy of delivering risk-adjusted returns, which has been consistent over the past 15 years.
- CFO stated that the company will continue to invest in business opportunities to remain future-ready, without specifying a target margin.
Risks flagged
- SEBI's circular reducing total expense ratios may impact larger schemes; management is assessing the impact and potential pass-through to distributors.
- Management declined to confirm whether operating leverage will continue, citing uncertainty in AUM growth trajectory.
- Management acknowledged that distributor payout is reviewed quarterly and depends on market dynamics, indicating potential margin pressure.
Key quotes
- If you manage money carefully and you give a risk adjusted good return to the customer, your AUM keeps growing.
- We do not see that changing at all.
- It is better to be overinvested as far as creating capabilities and capacities is concerned.
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