ICICI Pru AMC Q4 updates: Profit rises 10% against 8.15% increase in total income

ICICI Prudential Asset Management Company reported a steady performance for the March quarter, with net profit rising 10.37% year-on-year to ₹763 crore, compared to ₹691.2 crore in the corresponding period last year.

Total income for the quarter grew 8.15% to ₹1,427.7 crore from ₹1,320 crore a year ago, reflecting stable operating momentum.

On the cost front, total expenses for the quarter stood at ₹389.16 crore. Employee benefit expenses came in at ₹128.5 crore, while fees and commission expenses were ₹111.5 crore. Other expenses were reported at ₹116.9 crore.

For the full year, the company reported a profit of ₹3,298.2 crore, up from ₹2,650.6 crore in the previous fiscal, while total income stood at ₹6,000.9 crore versus ₹4,979.7 crore last year, as per the exchange filing.

The board has approved an interim dividend of ₹12.40 per share for shareholders.

In a key corporate development, the company has approved the appointment of M/s Parikh & Associates, Practising Company Secretaries, as the secretarial auditor for a term of five years, subject to shareholder approval at the upcoming AGM.

Additionally, the board has cleared the grant of employee stock options under its ESOP scheme 2025, with approval to issue up to 0.78 million stock options to eligible employees, including senior management. It has also approved a stock unit scheme 2026, covering up to 0.19 million equity shares.

The options will be granted at an exercise price of ₹3,385.5 per share, aligned with prevailing market prices, the company said.