{"id":"f-91677779fp1-9cb24f16-a889-5c25-94fd-2f6a8977563b","title":"ICICI Prudential AMC: Q3 Profit Surges, Dividend Announced","description":"ICICI Prudential Asset Management Company (AMC) reported a substantial 45% increase in net profit for the third quarter, reaching Rs 917.09 crore. The company also declared an interim dividend of Rs 14.85 per share, reflecting a strong financial performance. Key highlights include a rise in unique customers and assets under management.","timestamp":1768466118,"category":"business","headline":"ICICI Prudential AMC: Q3 Profit Surges, Dividend Announced","modifiedHeadline":"ICICI Prudential AMC Profit Up; Pays Dividend","subCategories":["scid_4d81caea"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"53","fcSummary":"ICICI Prudential AMC's Q3 net profit jumped 45% to ₹917.09 crore, driven by effective financial management. The company declared an interim dividend of ₹14.85 per share. Its customer base expanded to 16.17 million, with AUM climbing to ₹10,763.80 billion and revenue rising 23.5% to ₹1,514.67 crore.","summary":"ICICI Prudential AMC's Q3 net profit rockets 45% to ₹917.09 cr! Shareholders rejoice as ₹14.85 dividend per share is declared.","ctaUrl":"https://trends.glance.com/newz/Daily_Digest/IN/en/feedpost-specials/f-91677779fp1-9cb24f16-a889-5c25-94fd-2f6a8977563b","sourceUrl":"https://trends.glance.com/newz/Daily_Digest/IN/en/feedpost-specials/f-91677779fp1-9cb24f16-a889-5c25-94fd-2f6a8977563b","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/fhZvUtVyXOy0.webp","content":"

\n ICICI Prudential AMC's Q3 results showcased significant growth, with a notable jump in net profit. This article will break down the financial highlights, including revenue, assets under management (AUM), and the recent dividend announcement, providing a clear picture of the company's performance.\n

Profitability Soars High

The third quarter results for ICICI Prudential AMC indicated a robust financial performance. The net profit demonstrated a significant surge, soaring by

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an impressive 45% year-over-year. This led to a profit figure of Rs 917.09 crore, showcasing the company's ability to generate substantial returns. This increase signifies effective financial management and strategic execution by the asset management company, reinforcing its strong position in the market. The rise in profitability could be due to various factors, including increased investment inflows, efficient cost management, and favorable market conditions during the quarter.

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Dividend Declaration Noted

Adding to the positive financial outcomes, ICICI Prudential AMC announced an interim dividend. The dividend was set at Rs 14.85 per share. This declaration not only reflects the company's profitability but also demonstrates its commitment to returning value to its shareholders. The dividend payout is a direct result of the strong financial results achieved during the quarter, indicating the company's confidence in its financial health and future prospects. Such distributions are an important aspect of corporate finance, rewarding investors and potentially boosting investor confidence in the company.

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Customer Base Expansion

The company also saw an increase in its customer base. ICICI Prudential AMC reported reaching 16.17 million unique customers. This growth in unique customers highlights the company's expanding market reach and its ability to attract and retain investors. The increase in customer numbers often suggests greater market trust and confidence in the company's investment products and services. A larger customer base typically results in higher AUM and, consequently, increased revenue streams for the company.

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AUM and Revenue Growth

Parallel to the customer base expansion, the company witnessed a significant rise in its assets under management (AUM). QAAUM (Quarterly Average Assets Under Management) climbed to a substantial Rs 10,763.80 billion. This rise suggests increased investment inflows and the overall growth of the assets managed by the company. Furthermore, the revenue also saw a positive trajectory, increasing by 23.5% to reach Rs 1,514.67 crore. This revenue growth can be attributed to several factors, including the increase in AUM and the overall positive performance of investment portfolios managed by the company.

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ICICI Prudential AMC: Q3 Profit Surges, Dividend Announced

SUMMARY