ICICI Prudential Asset Management Company Limited Earnings Summary — Q2 FY2027
ICICI Prudential AMC Q2 FY2027 Revenue Rises 16.3% YoY to ₹16,738M; Declares ₹30 Interim Dividend
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 8 consecutive quarters.
- Revenue of ₹1,674 Cr is 16.3% higher year-on-year.
- Revenue has compounded at 19.4% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹889 Cr is 6.1% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 21.5% annualised across the period.
- Operating margin stands at 72.6% in Q2 FY2027.
- Operating margin compressed by 44 bps year-on-year.
- PBT margin is 71.6%.
- Expenses grew 18.2% against revenue growth of 16.3%.
- Operating profit of ₹1,215 Cr is 15.6% higher year-on-year.
- Operating leverage has been under pressure recently.
- 4 of the last 4 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 77/100 (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 Q2 FY2027 | Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q1 FY2019 | Q4 FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,674 | 1,564 | 1,542 | 1,515 | 1,439 | 1,331 | 1,269 | 1,227 | — | — |
| Expenses | Improving | 459 | 432 | 374 | 374 | 388 | 385 | 375 | 347 | — | — |
| Operating Profit | Improving | 1,215 | 1,133 | 1,168 | 1,140 | 1,051 | 946 | 894 | 880 | — | — |
| Operating Margin | Stable | 72.6% | 72.4% | 75.8% | 75.3% | 73.0% | 71.1% | 70.5% | 71.7% | — | — |
| Other Income | Volatile | 17 | 181 | -90 | 109 | 72 | 147 | 51 | -25 | — | — |
| Interest | Stable | 5 | 5 | 5 | 4 | 4 | 5 | 5 | 5 | — | — |
| Depreciation | Improving | 29 | 28 | 28 | 26 | 27 | 25 | 24 | 21 | — | — |
| Profit Before Tax | Improving | 1,198 | 1,281 | 1,046 | 1,219 | 1,093 | 1,062 | 917 | 828 | — | — |
| Tax | Improving | 309 | 316 | 277 | 302 | 255 | 278 | 225 | 196 | — | — |
| Net Profit | Improving | 889 | 965 | 769 | 917 | 838 | 784 | 692 | 632 | — | — |
| Net Margin | Stable | 53.1% | 61.7% | 49.9% | 60.5% | 58.2% | 58.9% | 54.5% | 51.5% | — | — |
Key Takeaways
- Revenue from operations grew 16.31% YoY to ₹16,737.9M, driven by sustained domestic inflows and expansion in core asset management fees.
- Profit after tax grew 6.08% YoY to ₹8,889.6M; the 7.84% sequential decline in net profit was primarily driven by lower other income (₹169.1M vs ₹1,808.0M in Q1 FY2027).
- Operating discipline remained robust with operating margin at 70.55%, reflecting strong operating leverage inherent in the asset management model.
- The Board approved an interim dividend of ₹30 per equity share (face value of ₹1 each) with a record date of October 21, 2026.
- Entered into a Business Transfer Agreement (BTA) dated September 23, 2026 to acquire the entire Portfolio Management Services (PMS) business of ICICI Securities on a slump sale basis, subject to SEBI approval.
- Effective April 1, 2026, the company successfully integrated identified Category II AIF rights from ICICI Venture, strengthening its alternative assets platform.
Management Guidance
Management reaffirmed focus on expanding high-margin active equity and alternative asset management strategies, alongside strategic bolt-on acquisitions like ICICI Securities' PMS business to augment client reach and high-net-worth distribution.
Sentiment Shift
Stable
Core operational revenue and operating margins demonstrated steady strength, though headline net profit faced sequential headwinds from lower treasury and other income.
Outlook
The outlook remains healthy driven by structural financialization of domestic household savings, scaling alternative investment platforms, and consolidation of ICICI Securities' PMS business once SEBI approvals conclude.
From the Annual Report (Key Quotes)
“Board of Directors has approved declaration and payment of interim dividend of ₹30 per equity share to equity shareholders.”
“The Company has entered into a Business Transfer Agreement dated September 23, 2026 with ICICI Securities Limited for acquisition of the entire Portfolio Management Services (PMS) business on a slump sale basis.”
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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