ICICI Prudential AMC reported its first quarterly (Q3FY26) earnings submit itemizing, delivering a powerful quarter with quarterly common property underneath administration (QAAUM) development outpacing the trade common of round 5%.
Income rose 7% quarter-on-quarter to ₹1,515 crore, whereas EBITDA elevated 9% QoQ to ₹1,140 crore, aided by a 150 foundation factors growth in margins.
Revenue after tax grew 10% sequentially to ₹917 crore, pushed by a pointy 52% QoQ soar in different revenue to ₹109 crore, together with working leverage.
Mutual fund QAAUM rose 6.1% QoQ to ₹10.76 lakh crore, whereas fairness QAAUM grew 7.3% QoQ to ₹6.08 lakh crore, lifting the corporate’s fairness market share to 13.8%.
ICICI Prudential AMC has additionally knowledgeable the exchanges that Sankaran Naren has been reappointed because the Govt Director of the corporate for 2 years, with impact from July 1, 2026 to June 30, 2028.
Apart from, round 7 million shares of the corporate, representing almost 1% of its excellent fairness, have turn into eligible for buying and selling, because the one-month shareholder lock in interval ends, in response to Nuvama Different & Quantitative Analysis.
It have to be famous that the tip of the shareholder lock-in doesn’t imply all of the shares might be offered within the open market. They solely turn into eligible to be traded.
Based mostly on Wednesday’s closing value of ₹2,729, the shares unlocking are valued at about ₹1,910 crore. The inventory is at present buying and selling round 26% above its IPO value of ₹2,165.
A number of brokerages have initiated protection on the inventory with optimistic suggestions.
Centrum Broking has assigned a ‘Purchase’ ranking with a value goal of ₹3,181, whereas Equirus Securities has initiated protection with a ‘Lengthy’ ranking and a goal of ₹2,900. PL Capital, a part of the Prabhudas Lilladher Group, has additionally began protection with a ‘Purchase’ name and a value goal of ₹3,000.
ICICI Prudential AMC had a powerful inventory market debut, itemizing at a premium of over 20% as buyers guess on sustained home inflows into mutual funds.
The inventory debuted at ₹2,600 on the Nationwide Inventory Change, a 20.09% premium over the higher finish of the IPO value band of ₹2,165. The ₹10,603 crore public situation was priced within the vary of ₹2,061 to ₹2,165 per share.
Publish itemizing, ICICI Prudential AMC has emerged as India’s most useful listed asset administration firm, with a market capitalisation of round ₹1.12 lakh crore. It’s forward of HDFC Asset Administration Firm and Nippon Life India Asset Administration, that are valued at about ₹56,000 crore.
On Wednesday, shares of ICICI Prudential Asset Administration Co Ltd. ended 2.14% larger at ₹2,729.
 growth outpacing the industry average of around 5%.){kind=link}