ICICI Prudential Asset Management Company (ICICIAMC) Q4 16/17 earnings summary

Executive summary

• FY2017 gross income was ₹13,497.3 million and profit after tax was ₹4,804.7 million; average mutual fund AUM was ₹2,430 billion.

• Auditors gave an unqualified opinion on the financial statements and found internal financial controls adequate and operating effectively at March 31, 2017.

Financial highlights

• Revenue from operations was ₹13,008.6 million vs ₹9,894.5 million in FY2016; total revenue was ₹13,497.3 million vs ₹10,123.6 million.

• Profit before tax was ₹7,346.9 million vs ₹4,999.4 million; profit after tax was ₹4,804.7 million vs ₹3,256.9 million.

• Employee benefit expenses were ₹1,753.2 million vs ₹1,482.2 million; other expenses were ₹4,291.9 million vs ₹3,476.0 million.

Segment performance

• Fund Management and Advisory revenue was ₹12,055.1 million vs ₹9,172.2 million; segment operating income was ₹8,152.3 million vs ₹5,533.8 million.

• Portfolio Management and other revenue was ₹953.5 million vs ₹722.3 million; segment operating result was a loss of ₹175.8 million vs income of ₹12.6 million.

• Total operating income was ₹6,858.2 million vs ₹4,770.3 million after ₹1,118.3 million of unallocable expenses.