Overview
- ICICI Prudential Asset Management Company, which reported on Monday, posted a March‑quarter net profit of about Rs 763 crore with revenue from operations up 19.5% to roughly Rs 1,517 crore.
- The AMC board recommended a final dividend of Rs 12.40 per share for FY26, subject to shareholder approval at the annual meeting.
- The AMC also cleared employee stock grants of up to 0.78 million options and 0.19 million stock units and proposed Parikh & Associates as secretarial auditor, each requiring shareholder nod.
- Following Monday’s disclosure, AMC shares closed 1.14% lower at Rs 3,351.60 on the BSE in a modest pullback after recent gains.
- ICICI Prudential Life, which reported Tuesday, logged a Q4 net profit of Rs 609 crore as premium income rose to Rs 19,648 crore, aligning with analysts’ view that a shift toward higher‑margin non‑participating savings, term, and annuity plans is lifting profitability.