Prudent Corporate Advisory Services Ltd — earnings calls

Prudent Corporate Advisory reported average AUM of Rs 1.33 lakh crore for Q1 FY27, up 21% year-on-year, with equity AUM growing 18% year-on-year to Rs 1.34 lakh crore. Mutual fund revenue grew 17.9% year-on-year while gross yield settled at around 88 basis points following regulatory changes effective April 2026 that removed 5 basis points of exit load from TER. Operating profit grew 32.4% year-on-year to Rs 89.1 crore and profit after tax grew 44.4% year-on-year to Rs 74.8 crore, aided by treasury gains in other income.

Prudent Corporate Advisory reported full-year FY26 mutual fund revenue growth of 21% and insurance revenue growth of 18%, with total revenue from operations up 19.4%. Quarterly average AUM grew 0.3% sequentially despite a 14.5% market decline, aided by record equity net sales of Rs 4,300 crore, while equity AUM fell 8.2% quarter-on-quarter due to mark-to-market losses. Management also discussed the impact of SEBI's total expense ratio changes, including removal of a 5 basis point exit load benefit and GST-related repricing, on both back-book and new business yields.