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Revenue
₹361 Cr
verified against source
Revenue YoY
19.4%
reported change
EBITDA
Pending
latest reported figure
Source
nse announcements
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Prudent Corporate Advisory delivered a solid FY26 with revenue growth of 19.4% and operating profit growth of 18.2%, despite market headwinds. Key drivers included record equity net sales of ₹13,900 crore and strong insurance premium growth (health +35%, life +28%). The launch of the AI platform 'Prudent Age' aims to enhance distributor productivity. Management expects employee cost to rise ~14% in FY27 and net yields to remain stable despite regulatory changes (GST rationalization, exit load removal). AUM has rebounded to ₹1.33 trillion as of May 5, 2026, providing a revenue tailwind. Risk: The impact of the 5 bps exit load removal on backbook yields remains uncertain, with potential 2-3 bps compression.
Colored figures show movement against the previous available record.
Guidance to track
- Salary bill increased from ₹8.93 cr in March 2026 to ₹10.2 cr in April 2026, indicating ~14% growth for existing employees.
- Management expects overall net yield to remain static, with potential 1-1.5 bps impact on gross yield but offset by sharing with partners.
- ESOP cost was ~₹7 cr in FY26; management expects it to rise to ~₹8.5 cr in FY27, subject to share price.
- SIF flows reached ₹90 cr in Q4; current run rate is ₹25-30 cr per month, expected to increase.
Risks flagged
- The removal of 5 bps exit load benefit may compress backbook yields by 2-3 bps; full impact still unclear as some AMCs haven't communicated.
- Q4 other income turned negative due to market correction; AUM declined 8.2% sequentially despite record net sales.
- New SIP registrations have slowed and cancellations increased as one-year SIP returns remain moderate; sustained poor returns could impact flows.
- Regulator is discussing commission rationalization in insurance, which could impact revenue growth in this segment.
Key quotes
- We believe this meaningfully bridges the gap between technology and the usability for our partners.
- Our equity net sales at 13,900 cr were the highest ever in the history.
- The market for the platform business is going to become very very big. We are not worried about what this competition will take something but rather I would say that the market has become bigger and bigger.
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