ICICI Prudential Asset Management Company Limited Earnings Summary — Q1 FY2027
ICICI Prudential AMC Posts 23% YoY Profit Growth Driven by Asset Management Expansion and Integrated AIF Operations
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 7 consecutive quarters.
- Revenue of ₹1,564 Cr is 17.6% higher year-on-year.
- Revenue has compounded at 17.6% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹965 Cr is 23.1% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 32.6% annualised across the period.
- Operating margin stands at 72.4% in Q1 FY2027.
- Operating margin expanded by 135 bps year-on-year.
- PBT margin is 81.9%.
- Expense growth of 12.1% remained below revenue growth of 17.6%.
- Operating profit of ₹1,133 Cr is 19.8% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 3 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 82/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2019 | Q1 FY2019 | Q4 FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,564 | 1,542 | 1,515 | 1,420 | 1,331 | 1,269 | 1,227 | — | — | — |
| Expenses | Improving | 432 | 374 | 374 | 372 | 385 | 375 | 347 | — | — | — |
| Operating Profit | Improving | 1,133 | 1,168 | 1,140 | 1,047 | 946 | 894 | 880 | — | — | — |
| Operating Margin | Stable | 72.4% | 75.8% | 75.3% | 73.8% | 71.1% | 70.5% | 71.7% | — | — | — |
| Other Income | Improving | 181 | -90 | 109 | 72 | 147 | 51 | -25 | — | — | — |
| Interest | Accelerating | 5 | 5 | 4 | 4 | 5 | 5 | 5 | — | — | — |
| Depreciation | Improving | 28 | 28 | 26 | 27 | 25 | 24 | 21 | — | — | — |
| Profit Before Tax | Improving | 1,281 | 1,046 | 1,219 | 1,089 | 1,062 | 917 | 828 | — | — | — |
| Tax | Improving | 316 | 277 | 302 | 254 | 278 | 225 | 196 | — | — | — |
| Net Profit | Improving | 965 | 769 | 917 | 835 | 784 | 692 | 632 | — | — | — |
| Net Margin | Improving | 61.7% | 49.9% | 60.5% | 58.9% | 58.9% | 54.5% | 51.5% | — | — | — |
Key Takeaways
- Net profit surged 23.1% YoY to ₹9,646.3 million, significantly outperforming the ₹7,836.4 million recorded in the same quarter last year.
- The company successfully integrated the investment management rights of identified Category II AIFs from ICICI Venture effective April 1, 2026.
- Employee benefit expenses rose 44.5% QoQ to ₹2,039.9 million, partly due to the implementation of new Employee Stock Option (ESOS 2025) and Stock Unit (2026) schemes.
- Total Income for the quarter stood at ₹17,450.2 million, bolstered by a sharp recovery in 'Other Income' to ₹1,808.0 million compared to a loss in the previous quarter.
- Paid a final dividend of ₹12.4 per equity share during the quarter as approved in the June 2026 Annual General Meeting.
- Revenue from operations maintained a steady upward trajectory, growing 17.6% YoY, reflecting the company's strong position in the active fund management space.
Management Guidance
Management focus remains on scaling the newly acquired AIF management rights and expanding the offshore advisory business while maintaining market leadership in active equity AUM.
Sentiment Shift
Improving
Profitability remains robust with significant QoQ recovery in other income and successful inorganic transition of the AIF business, despite rising employee costs from new incentive schemes.
Outlook
The outlook remains strong as the company capitalizes on the financialization of Indian savings and expands its alternative investment footprint through the ICICI Venture transfer.
From the Annual Report (Key Quotes)
“The Company has accounted for the BTA as common control transaction... providing investment management services to the identified funds with effect from April 1, 2026.”
“The Company's financial results are largely reflective of the asset management business and accordingly there are no separate reportable segments.”
“Management has exercised necessary care and due diligence to ensure that the financial results are fairly presented.”
Official Quarterly Documents
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This summary is AI-generated from ICICI Prudential Asset Management Company Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.
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