ICICI Prudential AMC Q3 Results: Net profit jumps 45%, interim dividend of Rs 14.85 declared

ICIC Prudential AMC Q3 Results: ICICI Prudential AMC Q3 Results: ICICI Prudential Asset Management Company Ltd. reported a strong set of earnings for the December quarter, with net profit rising sharply on the back of favourable market conditions and steady inflows.

The company’s net profit surged 45.1 per cent year-on-year to Rs 917 crore in Q3, compared with Rs 631.8 crore in the same period last year. The robust performance was driven by higher average assets under management and improved market-linked income, reflecting sustained momentum in the domestic equity markets.

Total income rises over 35 per cent

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Total income for the quarter increased 35.2 per cent year-on-year to Rs 1,623.5 crore, up from Rs 1,201 crore in the year-ago period. The strong growth highlights the company’s expanding asset base and effective fund management strategies across equity and hybrid products.

Also read: Infosys Q3FY26 Results: Net profit slips 2.2%, revenue rises nearly 9% YoY

Interim dividend approved

The board of directors approved an interim dividend of Rs 14.85 per equity share. The company has fixed January 21, 2026, as the record date to determine shareholders eligible for the payout.

Board approves re-appointment of Sankaran Naren

The board also approved the re-appointment of Sankaran Naren as Executive Director for a further two-year term, from July 1, 2026, to June 30, 2028, subject to shareholder approval. Naren is a key figure in the company’s investment strategy and leadership team.

Stock gains

Shares of ICICI Prudential Asset Management Company ended Wednesday, January 14, 2.14 per cent higher at Rs 2,729 on the NSE.

Also read: HDFC Life Q3FY26 Preview: Double-digit APE growth expected; GST impact to weigh on margins

ICICI Prudential AMC made a strong debut on dalal street

ICICI Prudential Asset Management Company made a strong debut on the bourses on December 19, as the shares got listed at a premium of 20 per cent in comparison to its issue price. The AMC shares commenced trading at Rs 2,600 per share, higher than their issue price of Rs 2,165 apiece. The stock touched a high of Rs 2,656 in early trading, a jump of 22 per cent from the issue price on the day of listing in early trade.

The Rs 10,603-crore initial public offering, which concluded on December saw an overwhelming investor interest, drawing bids nearly 39 times the shares on offer.

The issue was priced between Rs 2,061 and Rs 2,165 per share and consisted entirely of an offer for sale of 4.90 crore equity shares.

With total bids placing it as the fourth-largest IPO by subscription value in India, ICICI Prudential AMC now joins a select group, behind only LG Electronics India, Bajaj Housing Finance, and Reliance Power.

Post-issue, ICICI Bank continues to hold a controlling 51 per cent stake in the asset management company, while its joint venture partner Prudential retains the remaining 49 per cent.

The IPO was managed by a consortium of investment banks including Citigroup Global Markets India, Axis Capital, BofA Securities India, Morgan Stanley India Company, IIFL Capital Services, CLSA India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities, and SBI Capital Markets.

ICICI Prudential AMC is now the fifth entity from the ICICI Group to trade on Indian bourses, joining ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities.