ICICI Prudential Asset Management Company LimitedQ1 FY27 Results & Financial Update
ICICI Prudential Asset Management Company Limited: Q1 FY27 standalone results and company financials – revenue ₹1,564.22 Cr, PAT ₹964.63 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
ICICI Prudential Asset Management Company price & chart
Quarter overview
Quarterly earnings analysis
ICICI Prudential Asset Management Company Limited reported a revenue from operations of INR 1,564.22 crore for the quarter ended June 30, 2026, alongside other income of INR 180.80 crore, bringing total income to INR 1,745.02 crore.
Profit before tax for the June 2026 quarter reached INR 1,280.65 crore after total expenses of INR 464.37 crore, which included employee benefits and commission outlays.
Tax expenses for the period stood at INR 316.02 crore, resulting in a net profit for the quarter of INR 964.63 crore, yielding a basic earnings per share of INR 19.52 and diluted earnings per share of INR 19.51.
Other comprehensive income registered a net loss of INR 55.50 crore after factoring in tax adjustments on remeasurements of defined employee benefit plans, taking total comprehensive income to INR 959.08 crore.
Total expenses for the quarter comprised finance costs of INR 4.74 crore, fees and commission expenses of INR 123.69 crore, employee benefits expense of INR 203.99 crore, depreciation and amortisation of INR 28.06 crore, and other expenses of INR 103.89 crore.
The financial statements reflect the execution of a business transfer agreement with ICICI Venture Funds Management Company Limited for acquiring investment management rights of identified Category II Alternative Investment Funds, accounted for as a common control transaction under Appendix C of Ind AS 103.
01 · Business model
What does ICICI Prudential Asset Management Company do?
ICICI Prudential Asset Management Company Limited operates as a core financial services enterprise focused on investment management, offering mutual funds, portfolio management services, and alternative investment funds, alongside dedicated advisory mandates.
The enterprise generates primary revenues through investment management fees collected on assets under management across its diverse retail and institutional fund schemes.
Operating under Indian Accounting Standards (Ind AS), the company manages its financial results as a single unified asset management segment without distinct sub-segment reporting structures.
The company integrates acquired alternative investment fund management rights into its operational structure, expanding its reach into specialised investment vehicles and category II alternative funds.
02 · Historical context
What shaped the business before this quarter
On September 22, 2025, the company signed a business transfer agreement with ICICI Venture Funds Management Company Limited for a consideration of INR 107.94 crore to acquire investment management rights of identified Category II Alternative Investment Funds.
Following Competition Commission of India approval on November 25, 2025, and Securities and Exchange Board of India approval on March 2, 2026, agreements were executed by April 1, 2026, prompting restatement of comparative financial information from April 1, 2025.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹1,564.22 Cr |
| Total income | ₹1,745.02 Cr |
| Profit before tax | ₹1,280.65 Cr |
| Profit after tax | ₹964.63 Cr |
| EPS | ₹19.51 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 61.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 81.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹180.80 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations of INR 1,564.22 crore was derived primarily from investment management services rendered to mutual funds, portfolio management clients, and alternative investment funds.
Other income contributed INR 180.80 crore to the total income of INR 1,745.02 crore during the first quarter of fiscal 2027.
What drove margins
Total expenses of INR 464.37 crore were heavily influenced by employee benefits expense of INR 203.99 crore and fees and commission expenses of INR 123.69 crore.
Other expenses stood at INR 103.89 crore, while depreciation and amortisation expense accounted for INR 28.06 crore and finance costs represented INR 4.74 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates predominantly in asset management services encompassing mutual funds, portfolio management services, alternative investment funds, and client advisory, maintaining no separate reportable segments under Ind AS 108.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Pursuant to regulatory clearances, the company took over investment management services for identified Category II Alternative Investment Funds from ICICI Venture starting April 1, 2026.
The company implemented Employees Stock Option Scheme 2025 and Employees Stock Unit Scheme 2026, granting 0.76 million stock options and 0.19 million employee stock units during the period.
07 · Reported developments
What changed operationally
The company registered a profit for the period of INR 964.63 crore for the quarter ended June 30, 2026.
08 · Items worth noticing
The line items that can distort a quick read
The acquisition of investment management rights from ICICI Venture was accounted for as a common control transaction under Appendix C of Ind AS 103 with retrospective restatement from April 1, 2025.
09 · Beyond the numbers
What changed beyond the numbers
Statutory Auditor Review
The financial results for the quarter ended June 30, 2026, were subjected to a limited review by statutory auditors Walker Chandiok & Co LLP.
10 · Previous-quarter changes
What changed since the previous quarter
Total income moved from INR 1,452.05 crore in the quarter ended March 31, 2026, to INR 1,745.02 crore in the quarter ended June 30, 2026.
11 · Key Q&A
The quarter, answered directly
What does ICICI Prudential Asset Management Company do?
ICICI Prudential Asset Management Company Limited operates as a core financial services enterprise focused on investment management, offering mutual funds, portfolio management services, and alternative investment funds, alongside dedicated advisory mandates.
What is the clearest takeaway from Q1 FY27?
ICICI Prudential Asset Management Company Limited reported a revenue from operations of INR 1,564.22 crore for the quarter ended June 30, 2026, alongside other income of INR 180.80 crore, bringing total income to INR 1,745.02 crore.
What drove revenue or demand?
Revenue from operations of INR 1,564.22 crore was derived primarily from investment management services rendered to mutual funds, portfolio management clients, and alternative investment funds.
What mattered most for margins or profitability?
Total expenses of INR 464.37 crore were heavily influenced by employee benefits expense of INR 203.99 crore and fees and commission expenses of INR 123.69 crore.
What changed operationally beyond the headline numbers?
Pursuant to regulatory clearances, the company took over investment management services for identified Category II Alternative Investment Funds from ICICI Venture starting April 1, 2026.
What should the next disclosure help confirm?
Monitor the recognition of stock option and unit costs across future vesting periods under ESOS 2025 and the Unit Scheme 2026.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Vesting of Employee Stock Options: Monitor the recognition of stock option and unit costs across future vesting periods under ESOS 2025 and the Unit Scheme 2026.
- 02
Alternative Investment Fund Scale: Track the integration and performance contribution of the acquired Category II Alternative Investment Funds.
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