ICICI Prudential Asset Management Company (AMC) is scheduled to announce its fourth-quarter financial results for the period ending March 31, 2026, today. Alongside the earnings release, the company's board of directors is also expected to consider and potentially declare a final dividend for its shareholders for the recently concluded fiscal year.
Analyst Expectations for Q4 Performance
Market analysts are closely watching the results, with varying projections for the asset manager's performance. Kotak Institutional Equities forecasts a 5.6% year-on-year (YoY) increase in net profit for ICICI Prudential AMC, reaching Rs 730.50 crore. This profit growth is anticipated on the back of an 18.4% YoY rise in sales, projected to hit Rs 1,502.10 crore.
Kotak also expects a 2% sequential growth in Assets Under Management (AUM) and strong core Profit Before Tax (PBT) growth of 27% YoY, driven by revenue expansion and only a marginal increase in operational expenses. The brokerage highlights ICICI Prudential AMC's market share gains, attributed to robust fund performance and strong inflows.
MOFSL's Outlook and Market Context
Another prominent firm, MOFSL (Motilal Oswal Financial Services Ltd.), in its preview note, suggests that AMCs generally could see 17-19% YoY growth in revenue and EBITDA. However, for ICICI Prudential AMC specifically, MOFSL projects a net profit of Rs 827.70 crore on sales of Rs 1,529 crore. The firm notes that while equity inflows have been healthy across the asset management industry, mark-to-market (MTM) weakness in equities could temper AUM growth.
MOFSL anticipates that quarterly average AUM growth for ICICI Prudential AMC will remain largely flat due to the MTM impact. They also foresee a slight dip in EBITDA margin sequentially and a sharp decline in other income, impacted by rising bond yields and weaker market returns. Despite these factors, MOFSL recently added ICICI Prudential AMC to its model portfolio, citing continued market share gains, sustained strong fund performance, the scaling of its non-mutual fund business to over 15% of revenue, and best-in-class profitability. MOFSL has set a target price of Rs 3,500 for the stock.
Ahead of the results, shares of ICICI Prudential AMC were trading marginally lower on Monday, reflecting the market's anticipation.