ICICI Prudential AMC Q2 Profit Rises 6% to ₹889 Crore; Average AUM Reaches ₹11.61 Lakh Crore

Key Takeaways

• ICICI Prudential AMC reported a 6.1% year-on-year increase in profit after tax to ₹889 crore for the quarter ended September 2026.
• Revenue from operations increased 16.3% to ₹1,674 crore, while mutual fund quarterly average assets under management rose 14.4% to ₹11.61 lakh crore.
• The company's board declared an interim dividend of ₹30 per equity share, with 21 October 2026 fixed as the record date.

ICICI Prudential AMC Reports Higher Quarterly Profit

ICICI Prudential Asset Management Company reported profit after tax of ₹889 crore for the second quarter of FY2026-27, representing growth of 6.1% compared with the corresponding period last year.

The asset manager had recorded profit of ₹838 crore in the September 2025 quarter.

The results, announced on 12 October 2026, also showed higher operating revenue and an increase in assets managed by the company.

Revenue from operations rose 16.3% to ₹1,674 crore from ₹1,439 crore a year earlier.

The rise in revenue exceeded the percentage increase in quarterly profit.

Mutual Fund Assets Increase 14.4%

ICICI Prudential AMC's mutual fund quarterly average assets under management (QAAUM) reached ₹11.61 lakh crore for the quarter ended 30 September 2026.

This represented growth of 14.4% from ₹10.15 lakh crore in the corresponding quarter of the previous financial year.

The company's reported mutual fund market share stood at approximately 13.3%.

Within the mutual fund business, quarterly average assets in actively managed schemes increased 11.1% to ₹9.59 lakh crore from ₹8.64 lakh crore a year earlier.

Quarterly average AUM differs from assets measured on a particular month-end date. It reflects the average asset base maintained during the reporting quarter.

The distinction is relevant because an asset manager's operating income is influenced by the assets it manages over time, alongside the applicable fee structures.

Expenses Increase During the Quarter

The company reported total expenses of ₹493 crore for the quarter, up 17.9% from ₹418 crore in the year-earlier period.

For the six months ended September 2026, profit after tax increased 14.3% year-on-year to ₹1,854 crore from ₹1,622 crore.

The first-half results provide a wider view of the company's profitability beyond a single reporting quarter.

While operating revenue and assets under management increased, the difference between operating revenue growth and profit growth indicates that other income and expense movements also influenced earnings.

Company Declares ₹30 Interim Dividend

The board approved an interim dividend of ₹30 per equity share for FY2026-27.

It fixed 21 October 2026 as the record date for identifying shareholders eligible for the dividend.

The dividend is a corporate distribution to eligible shareholders of the asset management company. It is separate from returns or distributions generated by mutual fund schemes managed by ICICI Prudential AMC.

The September-quarter results show growth in the company's asset base, revenue and profitability, while providing an updated measure of its position within India's mutual fund industry.