ICICI Prudential Asset Management Company (ICICIAMC) Q4 21/22 earnings summary

Executive summary

• FY22 total income ₹26,352.9 million, up from ₹22,337.6 million YoY; profit for the year ₹14,540.9 million vs ₹12,453.7 million.

• Closing mutual fund AUM was ₹4,568.44 billion at March 31, 2022; operations also covered portfolio management, AIFs and offshore advisory.

Financial highlights

• Revenue from operations ₹26,340.7 million vs ₹22,298.7 million; management fees and commission income ₹24,176.8 million vs ₹20,046.0 million.

• Profit before tax ₹19,290.3 million vs ₹16,577.8 million; income tax expense ₹4,749.4 million vs ₹4,124.1 million.

• Total comprehensive income ₹14,560.6 million vs ₹12,467.0 million; other comprehensive income ₹19.7 million vs ₹13.3 million.

Outlook and guidance

• Return-to-office preparations began as the nationwide COVID situation normalized toward FY-end; employee, distribution-partner and customer safety remained priorities.

• COVID uncertainty remained dependent on future intensity, spread and duration; ongoing monitoring planned for potential material business effects.