ICICI Prudential Asset Management Company (ICICIAMC) Q3 25/26 earnings summary

Executive summary

• Quarterly average AUM reached INR 10.8 trillion (₹10,763.80 billion), up 6.1% sequentially and 23.2% year-on-year, maintaining a 13.3% market share as the second-largest AMC.

• Equity and equity-oriented AUM grew 7.3% quarter-on-quarter and 23.6% year-on-year to INR 6.1 trillion (₹6,081.44 billion), with a 13.8% market share.

• Unique customer base expanded to 16.2 million, with 95.7% of mutual fund purchase transactions executed digitally in the nine months ended December 2025.

• Unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by statutory auditors with no material misstatements found.

• Interim dividend of INR 14.85 per share declared, with record date set for January 21, 2026.

Financial highlights

• Operating revenues for the quarter were INR 15.15 billion (₹15,146.7 million), up 23.5% year-on-year and 6.7% sequentially.

• Operating profit before tax for Q3 FY26 was INR 11.10 billion, up 30% year-on-year and 9.1% quarter-on-quarter; profit after tax stood at INR 9.17 billion, up 45.1% year-on-year and 9.8% sequentially.

• Total income for the quarter ended December 31, 2025, was ₹16,235.8 million, up from ₹14,913.8 million in the previous quarter and ₹12,013.0 million in the same quarter last year.

• Earnings per share (EPS) for the quarter stood at ₹18.55, up from ₹16.90 in the previous quarter and ₹12.78 in the same quarter last year.

• Return on equity for the nine months ended December 2025 was 87.9% annualized.

Outlook and guidance

• Focus remains on investment performance, retail growth via systematic transactions, expanding customer base, leveraging digital capabilities, and maintaining a customer-first philosophy.

• No major strategic shifts planned; emphasis on consistent risk-adjusted returns, operational excellence, and profitable growth.

• Expansion into international markets and new product launches are expected to support future growth.

• Operating leverage has benefited margins, but future trends depend on AUM growth and business mix.

• The company continues to monitor the implementation of new labor codes and will review estimates and assumptions as needed.