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ICICI Prudential AMC Shares Gain Despite Q2 Growth Concerns
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CNBC TV18•13-10-2026, 09:30
ICICI Prudential AMC Shares Gain Despite Q2 Growth Concerns
- •ICICI Prudential AMC reported its Q2 earnings with revenue increasing 7% sequentially to ₹1,674 crore and EBITDA rising 7% to ₹1,215 crore.
- •Profit after tax declined 8% to ₹889 crore due to a 91% drop in other income compared to the previous quarter.
- •Key concerns included AUM growth falling behind the industry average, higher redemptions, and a loss in market share.
- •Major brokerages like HSBC and Bernstein remained positive on the stock with buy or outperform ratings and up to 19% upside potential.
- •The board declared an interim dividend of ₹30 per equity share with October 21 set as the record date.
Key Questions Answered
ICICI Prudential AMC reported a revenue of ₹1,674 crore, marking a 7% sequential increase, and an EBITDA of ₹1,215 crore. Meanwhile, its profit after tax (PAT) declined 8% sequentially to ₹889 crore, though it was up 6.1% compared to the same period in the previous year.
Key negatives included assets under management (AUM) growth falling below industry averages, higher redemptions in hybrid funds, and a contraction in market share. Specifically, mutual fund QAAUM grew by 3.9% against an industry growth of 5.1%, causing a 10 basis point drop in market share.
The board of directors declared an interim dividend of ₹30 per equity share, setting October 21 as the record date.
