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Prudent Corporate Advisory Services Results: Latest Quarterly Results & Analysis

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Prudent Corporate Advisory Services Ltd. 04 Nov 2025 18:23 PM
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Q2FY26 Quarterly Result Announced for Prudent Corporate Advisory Services Ltd.

Financial Services company Prudent Corporate Advisory Services announced Q2FY26 results

  • Revenue from Operations: Rs 319.8 crore compared to Rs 286.1 crore during Q2FY25, change 11.8%.
  • Profit Before Tax: Rs 71.9 crore compared to Rs 69.3 crore during Q2FY25, change 3.8%.
  • Profit After Tax: Rs 53.5 crore compared to Rs 51.5 crore during Q2FY25, change 3.9%.

Sanjay Shah, Managing Director, Prudent Group, said: “Despite the Nifty 500 declining by 6.2% in the year ended September 2025, we added Rs 13,650 crore to our Equity AUM, driven by strong net equity sales. This performance underscores the resilience and maturity of Indian retail investors, who continued their systematic investments with consistency and conviction even in a volatile market. It reaffirms our belief that the Indian retail investor is evolving into a long-term wealth creator.

Furthermore, the acquisition of Indus Capital will accelerate our retail expansion and is expected to be highly cash accretive for our shareholders. With this strategic move, we continue to advance our vision of building India’s most trusted and scalable retail wealth management platform”.

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Financial Services company Prudent Corporate Advisory Services announced Q1FY26 results

  • Revenue from operations grew 18% YoY to Rs 293.8 crore, driven by 23% increase in Quarterly Average AUM in the mutual fund segment.
  • Equity AUM grew 22% year-on-year to Rs 1,13,950 crore, driven by strong net sales of Rs 12,635 crore over the last 12 months.
  • The monthly Systematic Investment Plan (SIP) book grew by 28% YoY in June reaching Rs 996 crore.
  • Operating profit increased by 14% YoY to Rs 67.3 crore aided by a strong revenue growth.
  • Profit after tax rose by 17% YoY to Rs 51.8 crore, driven by robust operational growth and increased other income from treasury gains.

Sanjay Shah, Managing Director of Prudent Group stated “The rising SIP culture in India is transforming the way people invest, fostering discipline and longterm wealth creation across millions of households. At Prudent, we are proud to have crossed the Rs 1,000 crore milestone in our monthly SIP book, a testament to the trust placed in us by investors and the strength of our platform.

Our opening AUM for Q2FY26 stands at Rs 1,17,987 crore, 7.1% higher than Q1’s average AUM, indicating strong tailwinds and momentum for the year ahead.”

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Financial Services company Prudent Corporate Advisory Services announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from Operations: Rs 283.0 crore compared to Rs 239.7 crore during Q4FY24, change 18.1%.
  • Profit Before Tax: Rs 69.1 crore compared to Rs 59.8 crore during Q4FY24, change 15.6%.
  • Profit After Tax: Rs 51.7 crore compared to Rs 44.6 crore during Q4FY24, change 16.1%.
  • EPS: Rs 12.49 compared to Rs 10.76 during Q4FY24, change 16.1%.

FY25 Financial Highlights:

  • Revenue from operations grew 37% YoY to Rs 1103.6 crore, driven by 43% increase in Yearly Average AUM in the mutual fund segment.
  • Equity AUM grew by 25% in FY25 to Rs 1,00,061 crore, driven by robust net sales of Rs 12,606 crore a 105% increase over FY24.
  • The monthly Systematic Investment Plan (SIP) book grew by 35% YoY in March reaching Rs 981 crore.
  • Operating profit increased by 36% YoY to Rs 262.4 crore with operating margins stable at 23.8%.
  • Profit after tax rose by 41% YoY to Rs 195.6 crore, driven by robust operational growth and increased other income from treasury gains.

Sanjay Shah, Managing Director. Prudent Group, said: “ In the 1980s, the United States witnessed a threefold increase in per capita GDP over two decades. But the real story was in the financial markets where the mutual fund industry expanded by an unprecedented 52x, unlocking massive retail participation and long-term wealth creation.

India now stands at a similar inflection point. According to the Viksit Bharat 2047 vision, India’s per capita GDP is expected to grow 9x by 2047. In tandem, the Indian mutual fund industry is projected to grow 42x to nearly Rs 2,800 lakh crore, translating to a robust CAGR of 18–19%. Thisis a once-in-a-generation opportunity that will redefine how India invests, saves, and builds wealth.

At Prudent, we are fully aligned with this long-term vision and exceptionally well-positioned to lead and thrive in this evolving landscape.”

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Financial Services company Prudent Corporate Advisory Services announced Q2FY25 results

  • Revenue from operations grew 51% YoY to Rs 286.1 crore, driven by 53% increase in Quarterly Average AUM in the mutual fund segment, coupled with a 36% growth in revenues from non-mutual fund products.
  • AUM growth was fueled by mark-to-market (M2M) gains as markets saw a strong broad-based rally. The M2M impact added Rs 28,619 crore to AUM over the past twelve months.
  • The Systematic Investment Plan (SIP) book grew by 47% YoY in September reaching Rs 874 crore. Prudent’s market share of SIP flows in the industry stood at 3.6% in September 2024.
  • Operating profit increased by 59% YoY to Rs 68.7 crore. This growth outpaced revenue growth due to operating leverage, with operating margins rising by 1.3 percentage points to 24.0% in September 2024.
  • Profit after tax rose by 69% YoY to Rs 51.5 crore, driven by robust operational growth and increased other income from treasury gains.

Sanjay Shah, Managing Director of Prudent Group, said: “Adoption to mutual funds is growing at an exponential pace. The unique mutual fund investor count for the industry surpassed the mark of 5 crore in the month of September. Since the last three months, monthly addition of unique investors is at a run-rate above 10 lakh. This accelerated adoption to mutual funds is a great tailwind for Prudent & is getting reflected in our numbers. In the first half of FY25, our net equity sales reached Rs 5,700 crore, amounting to nearly 93% of the total net sales achieved in all of FY24. In this phase of Amrit kaal wherein per capita income is set to grow 10x in next twenty-five years, Prudent will have a huge growth leeway.”

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Financial Services company Prudent Corporate Advisory Services announced Q1FY25 results:

  • Revenue from operations grew 51% YoY to Rs 249.4 crore led by 52% growth in Quarterly Average AUM in the mutual fund vertical coupled with a 64% growth in revenues from non-mutual fund products.
  • Growth in AUM was led by marked to market (M2M) gains as markets witnessed a strong broad based rally. Gains in AUM due to M2M impact in last twelve months was Rs 26,000 crore. On 26 July 2024, Prudent surpassed a key milestone in AUM of One Lakh crore.
  • Systematic Investment Plan (SIP) book grew by 41% YoY in the month of June & stood at Rs 780 crore. Prudent’s market share of SIP flow in the industry stood at 3.7% for June-2024.
  • Operating profit grew by 51% YoY to Rs 59.0 crore in-line with the revenue growth.
  • Profit after tax grew by 57% YoY to Rs 44.2 crore led by a strong operational growth & higher other income due to gains in the treasury book. 

Commenting on the results, Sanjay Shah, Managing Director of Prudent Group stated “Our Assets Under Management (AUM) surpassed Rs 1 lakh crore on July 26, 2024, about a year and a half ahead of schedule, largely due to marked to market movements. It took us nearly eighteen years to reach Rs 20,000 crore, but the last Rs 20,000 crore was added in just six months. This achievement demonstrates that Mutual Fund Distributors see great value in partnering with Prudent because of our technology and on-ground support. Our next goal is to reach a SIP book of Rs 1000 crore by March 2025.”

Shirish Patel, Chief Executive Officer (CEO) of Prudent Group stated “Our numbers are a testament to the enduring strength of our business model. Net equity sales were strong this quarter at Rs 2500 crore, making up almost 40% of our total net equity sales for FY24. This indicates that retail participation in mutual funds is strong. During this phase of Amrit Kaal, the mutual fund industry is expected to grow rapidly aided by a higher per capita income. Favourable economic conditions and supportive regulations will create significant growth opportunities for us.”

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Financial Services company Prudent Corporate Advisory Services announced FY24 results:

Financial Highlights:

  • Revenue from operations grew 32% YoY to Rs 805.1 crore led by 32% growth in Yearly Average AUM in the mutual fund vertical coupled with a 50% growth in revenues from non-mutual fund products.

  • Growth in AUM was largely led by marked to market (M2M) gains as markets witnessed a strong broad based rally during Fiscal 2024. Closing AUM as of 31 March 2024 grew by 48% YoY to Rs 83,384 crore.

  • Systematic Investment Plan (SIP) book grew by 40% YoY in the month of March & stood at Rs 726 crore. Our market share of SIP flow in the industry stood at 3.8% for March-2024.

  • Operating profit grew by 11% YoY to Rs 193.1 crore. Operating profit growth was lower than revenue growth on the back of investments made to scale the insurance vertical.

  • Profit after tax grew by 19% YoY to Rs 138.7 crore led by a strong operational growth & higher other income. 

  • The Cash Flow from Operations (CFO) during FY24 stood at Rs 150 crore & CFO/PAT ratio stood at a 108%. Strong Cash Flow from Operations will give firepower for inorganic acquisitions going forward.

  • Return on Equity stood at 28.8% for FY24.

  • The Board of Directors has recommended a final dividend of Rs 2 per Equity Share. This dividend is on the face value of Rs 5 per share.

Commenting on the results, Sanjay Shah, Managing Director of Prudent Group stated “Gross Household Financial Savings is expected to double to Rs 62 trillion in the next six years. Within gross household financial savings, share of savings in the form of currency & deposits have gone down from 64% a decade back to now 45%. This share is getting captured by government savings scheme & investments in the form of mutual funds & direct equity. The ability of mutual funds to deliver inflation beating returns is getting well understood by retail. Prudent is making most of this opportunity. Industry’s Systematic Investment Plan (SIP) book has grown by almost Rs 50 billion in FY24, of which Prudent’s contribution is 2 billion leading to a 4% market share in the incremental SIP additions. By March-2026, as we aim to achieve an AUM of Rs 1 lakh crore, we foresee our monthly SIP inflow crossing the mark of Rs 1000 crore. With a robust performance track record and a promising economic backdrop, we are poised to continue our successful growth trajectory."

Shirish Patel, Chief Executive Officer (CEO) of Prudent Group stated “Our numbers are a testament to the enduring strength of our business model. Three Key Highlights from FY24 Results:

  • Our Mutual Fund AUM crossed Rs 83,000 crore

  • Our Consolidated Topline crossed Rs 800 crore

  • Our Consolidated Profit After Tax crossed Rs 138 crore

As we reflect on the year, we added Rs 277 billion of Equity AUM. Of this, Rs 215 billion was contributed by Marked to Market movement. Our entire AUM as on 30 May 2020 was around 210 billion & the M2M of this year alone is equivalent to the entire AUM four years back. Net sales during the year was Rs 62 billion which is 25% higher compared to FY23 levels. Fiscal 2025 looks very promising as we are starting the year at a mutual fund AUM of Rs 834 billion which is 19% higher compared to the yearly average AUM of Rs 699 billion in FY24 on which we earned our revenues. We are confident in our strategy and our team, and look forward to continuing our growth trajectory”

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Financial Services company Prudent Corporate Advisory Services announced Q3FY24 results:

  • Q3FY24 Total Revenue reached 209.9 crore, reflecting a significant YoY growth of 33% from 158.3 crore in Q3FY23.
  • Operating Profit for Q3FY24 stood at 50.0 crore, showing an 18% YoY growth from 42.5 crore in Q3FY23.
  • Profit After Tax (PAT) for Q3FY24 was 35.7 crore, indicating a robust YoY growth of 25% from 28.5 crore in Q3FY23.
  • EPS in Q3FY24 was 8.62, showing a substantial YoY growth of 25% from 6.89 in Q3FY23.
  • Closing AUM as of 31 December 2023 stood at Rs 77,774 crore.
  • Systematic Investment Plan (SIP) book grew by 32% YoY in the month of December & stood at Rs 649 crore. Our market share of SIP flow in the industry stood at 3.7%

Commenting on the results, Sanjay Shah, Managing Director of Prudent Group stated, “Mutual funds as an investment asset class is gaining popularity. This is not only visible in the rising number of unique mutual fund investors but also in the rising number of Systematic Investment Plan (SIP) number. In a span of a year, unique mutual fund investors have risen by 53 lakhs to 4.2 crore. The monthly SIP book has increased by Rs 40 billion in a year to Rs 176 billion in December. In this growing industry, distributors will play a vital role in guiding people to invest in mutual funds. Their role extends beyond mere investment facilitation; they aid clients in understanding their financial goals and risks, and in balancing asset and product allocation coupled with providing behavioural coaching. In this phase of Amrit Kaal wherein per capita income is set to grow 10x in the next twenty-five years, Prudent will have a huge growth leeway.

By March 2026, as we aim to achieve an AUM of Rs 1 trillion, we foresee our monthly SIP inflow crossing the mark of Rs 1000 crore. With a robust performance track record and a promising economic backdrop, we are poised to continue our successful growth trajectory”

 

 

Result PDF

Financial Services company Prudent Corporate Advisory Services announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Quarterly Average AUM increased by 29%, reaching Rs 66,584 crore compared to Rs 51,630 crore in Q2FY23.
    • Total Revenue rose by 29%, reaching Rs 190.0 crore in Q2FY24, up from Rs 147.6 crore in Q2FY23.
    • Profit Before Tax reached Rs 40.6 crore in Q2FY24, marking a 10% increase from the Rs 37.0 crore reported in Q2FY23.
    • Profit After Tax also exhibited a 10% increase, reaching Rs 30.4 crore in Q2FY24 compared to Rs 27.6 crore in Q2FY23.
    • Earnings Per Share stood at Rs 7.35 in Q2FY24, showing a 10% growth from Rs 6.67 in Q2FY23.
  • H1FY24:
    • Revenue from operations grew 29% YoY to Rs 355.5 crore led by 27% growth in quarterly average assets under management (AUM) in the mutual fund vertical.
    • Growth in AUM was led by marked to market (M2M) gains as markets witnessed a strong broad-based rally from April 2023 onwards. Our closing AUM as of 30 September stood at Rs 69,127 crore.
    • Profit after tax grew by 25% YoY to Rs 58.5 crore led by a strong operational growth & higher other income. There was an on-off income about the reversal of impairment of Rs 2 crore in H1FY23. If we exclude this one-off, profits in H1FY24 have grown by 30%.
    • We ended September 2023 with a monthly SIP flow of Rs 595 crore. Our market share of SIP flow in the industry stood at 3.7%.

Commenting on the results, Sanjay Shah, Managing Director of Prudent Group stated, “We are uniquely placed in the wealth management space as we focus on the retail segment of India which is largely underserved. There are just 4 crore unique mutual fund investors in the country & this number is set to grow by leaps & bounds in this phase of Amrit Kaal wherein per capita income is set to grow 10x in the next twenty-five years. Over the years, it is well established that mutual funds as an asset class have delivered inflation-beating returns & this product will eat into the share of bank deposits slowly but surely. By March 2026, as we aim to achieve an AUM of Rs 1 trillion, we foresee our monthly SIP inflow crossing the mark of Rs 1000 crore. With a robust performance track record and a promising economic backdrop, we are poised to continue our successful growth trajectory”

 

 

Result PDF

Other Financial Services Company Prudent Corporate Advisory Services announced Q1FY24 results:

  • Revenue from operations grew 29% YoY to Rs 165.4 crore, led by 22% growth in quarterly average assets under management (AUM) in the mutual fund vertical coupled with a doubling of insurance revenues.
  • Growth in AUM was led by marked-to-market (M2M) gains as markets witnessed a strong broad-based rally in Q1FY24. We ended June 2023 with a monthly SIP flow of Rs 542 crore, with almost a second rupee of gross inflow coming from SIP. As of 30 June 2023, our closing AUM stood at Rs 63,057 crore.
  • Profit after tax grew by 45% YoY to Rs 28.1 crore led by strong revenue growth & higher other income.

Commenting on the results, Sanjay Shah, Managing Director of Prudent Group stated “Our story at Prudent is one of consistent growth and SIPs have been the unwavering compass guiding us through this journey. As we harness the power of SIPs, we are not just keeping pace with the industry but setting the pace as our market share in SIPs is almost 2.6x our market share in total AUM. We are witnessing a compelling trend in our incoming SIPs: the average value of new SIPs outpaces the existing book average by a significant 17-18%. As we move forward, we are cognizant of a significant insight: even within our clientele, 50% have not yet embraced SIPs. This untapped segment holds substantial promise for expansion. In the next three years, as we aim to achieve an AUM of Rs 1 trillion, we foresee our monthly SIP inflow crossing the mark of Rs 1000 crore. With a robust performance track record and a promising economic backdrop, we are poised to continue our successful growth trajectory”

The CEO & Whole-time Director, Shirish Patel, added, “Our Mutual Fund Distributors (MFDs) are our key partners and pillar of strength for achieving these robust results. As higher vintage MFDs increases in our system, we see a huge tailwind to business growth. FY23 marked a significant shift with 2,058 MFDs moving from the 2-5 year maturity bucket to the >=5 years category, further solidifying the experienced cohort. Further, our constant endeavor to add products to our platform is leading to advisors being able to fulfill all our client's requirements thus becoming a ‘Multi Product Distributor’ rather than just a ‘Mutual Fund Distribution’. Revenues from products other than mutual fund distribution have grown at 41% CAGR FY20-23, with insurance leading the pack. Around 8850 partners or their family members, have become insurance selling Point of Sales Persons (POSPs), helping us improve our cross-selling capacity.”

 

 

Result PDF

Financial Services company Prudent Corporate Advisory Services announced FY23 results:

  • Revenue from operations grew 36% YoY to Rs 611.3 crore, led by 33% growth in yearly average assets under management (AUM) in the mutual fund vertical coupled with insurance revenues almost doubling.
  • Growth in AUM was led by robust Systematic Investment Plan (SIP) flows & acquisition of Karvy’s mutual fund folios. We ended March 2023 with a monthly SIP flow of Rs 517 crore, with almost a second rupee of gross inflow coming from SIP. As of 31 March 2023, our closing AUM surpassed the Rs 56,000 crore mark.
  • Operating profits grew 51% YoY to Rs 173.3 crore, led by the benefits of operating leverage coupled with a larger share of insurance in overall revenue composition.
  • Profit after tax grew by 45% YoY to Rs 116.7 crore
  • Cash flow from operations (CFO) during the year stood at Rs 127 crore & CFO/Net Income stood at 109% indicating a healthy cash conversion.

"Our FY23 results reflect the determined efforts of the entire Prudent team," said Sanjay Shah, Managing Director.

“We achieved three key milestones during FY23. Firstly, our Mutual fund vertical crossed Rs 500 crore in revenues. Secondly, our cash flow from operations exceeded Rs 100 crore. And finally, our insurance vertical crossed 10% of the overall revenues. Historically, 52% of our AUM growth has been contributed by net sales & the balance 48% from Marked to Market (M2M) gains. Barring the covid hit years, our net sales number has been equal to or higher than our gross flow from SIPs. Annualizing the monthly SIP flow as of March-23 of Rs 517 crore, we expect gross flows from SIPs to exceed Rs 6,200 crore in FY24, which is 11% of the FY23 closing AUM. So, we are confident of generating 11% growth from net sales and expect the balance 10% to accrue from Marked to Market (M2M), enabling us to grow at an annualized rate of 20% over the longer run. This will help us reach the Rs 1 trillion AUM mark in the next three-four years. Additionally, a perusal of inorganic opportunities led by an investment book of Rs 142 crore coupled with healthy cash generation each year may help us reach this mark a bit earlier”, he added.

CEO & Whole-time Director, Shirish Patel, added, “Our Mutual Fund Distributors (MFDs) are our key partners and pillar of strength for achieving these milestones. Each year, more MFDs are migrating to higher buckets of AUM. As of March 2023, we have 1,040 MFDs handling an AUM above Rs 10 crore, which was just 340 four years back. Today, the need of the hour is the availability of multi-products to fulfil the demand of clients & technology platforms to execute & service clients in a paperless manner. This, coupled with the rising compliance hassles, is leading to MFDs shifting to technology platforms. This trend is benefiting us immensely. Also, our wide range of product offerings is helping MFDs to meet all the requirements of their clients under a single platform. Revenues from products other than mutual fund distribution have grown at 41% CAGR FY20-23, with insurance leading the pack. Around 7,750 partners, or their family members, have become insurance selling Point of Sales Persons (POSPs), helping us improve our cross-selling capacity.”

 

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