ICICI Prudential Asset Management Company (ICICIAMC) Q4 22/23 earnings summary

Executive summary

• FY2023 total income was ₹28,381.8m and net profit ₹15,157.8m; average mutual fund AUM stood at ₹5,228.32bn as of March 31, 2023.

• Operations spanned mutual fund management, 22+ portfolio management strategies, 15 alternative investment funds and offshore advisory services.

Financial highlights

• Total income was ₹28,381.8m vs ₹26,352.9m in FY2022; revenue from operations was ₹28,373.5m vs ₹26,340.7m.

• Profit before tax was ₹20,071.7m vs ₹19,290.3m; profit for the year was ₹15,157.8m vs ₹14,540.9m.

• Net gain on fair value changes was ₹1,031.2m vs ₹1,777.4m; employee benefits expense rose to ₹3,990.2m from ₹3,318.4m.

Segment performance

• Fund Management and Advisory revenue was ₹25,264.9m vs ₹22,715.9m; segment operating income was ₹20,422.5m vs ₹18,568.4m.

• AIF, Portfolio Management and Others revenue was ₹2,011.9m vs ₹1,688.9m; segment operating income was ₹653.8m vs ₹596.2m.

• Mutual fund management fees were ₹24,475.1m vs ₹22,120.5m; AIF and PMS fees were ₹2,035.3m vs ₹1,586.3m.