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598.00
622.00
463.00
660.00
6M Return 0.00%
1Y Return 9.21%
Mkt Cap.(Cr) 2,544.46
Volume 375
Div Yield 0.16%
OI
-
OI Chg %
-
Volume 375

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Q1FY23 Quarterly Result Announced for Prudent Corporate Advisory Services Ltd.

Financial Services firm Prudent Corporate Advisory Services Announced Q1FY23 Result :

  • Prudent Corporate Advisory Services Limited Profits grew by 25% YoY & Flows from SIPs Reach Highest Ever in 1QFY23
  • Equity AUM at Rs 43,618 crore, up by 43% YoY
  • Revenue at Rs 128.3 crore, up by 43% YoY
  • EBITDA at Rs 32.1 crore, up by 54% YoY
  • EBITDA Margins higher by 180 bps YoY
  • PAT at Rs 15.6 crore, up by 25% YoY
  • Assets Under Management Despite headwinds on the marked to market (M2M), Equity AUM grew by 43% to Rs 43,618 crore led by strong net sales & Karvy’s acquisition. We strengthened our position in Equity AUM market share (Ex-ETFs) by 37 bps YoY to 2.30%.
  • Revenues grew by 43% YoY to Rs 128.3 crore led by strong AUM growth in mutual fund business & a higher equity mix in the overall AUM. Equity mix improved by 0.2% YoY to 93.1%.
  • EBITDA & Margins Operating profit grew by 54% YoY to Rs 32.1 crore. Operating profit growth was higher than revenue growth led by operating leverage.
  • Profit After Tax grew by 25% YoY to Rs 19.4 crore. PAT growth was slower than operating profit growth mainly led by higher depreciation and lower other income. Depreciation increased 200% YoY led by amortization of Karvy assets we acquired as on November 2021.

Commenting on the results, Mr Sanjay Shah, Chairman and Managing Director, said, “The 1st Quarter of FY23 has been outstanding in revenue and profitability. We have been able to generate significant free cash flows consistently, aided by our organic and inorganic growth engines. In FY2022, we acquired Karvy’s Mutual Fund AUM, totalling Rs 8,093 crore. In July 22, we continued our inorganic expansion by signing a term sheet to acquire MF AUM of iFast Financial India Private Limited.”

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Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

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Sales

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INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 157.64 Cr FV: 5.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 2,384.58 23,141.09
LAST 3M 49,521.50 -18,551.54
LAST 6M 129,719.68 -157,153.27
LAST 12M 215,295.98 -222,611.80

Information

  • About Company
  • Company Info
  • Listing Info
32.4
58.44%
57.3853
41.47%
33.54%
Description
  • Prudent Corporate Advisory Services Ltd. was incorporated on June 4, 2003, as `Prudent Corporate Advisory Services Limited`, as a Public Limited Company under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the RoC. The Company commenced its operations pursuant to a Certificate for Commencement of Business dated June 20, 2003, issued by the RoC. The Company is an independent retail wealth management services group in India and is amongst the top mutual fund distributors in terms of average assets under management (AAUM) and commission received. It offer a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. The Company has provided wealth management services to 13,51,274 unique retail investors through 23,262 MFDs on business-to-business-to-consumer (B2B2C) platform and is presently spread across branches in 110 locations in 20 states in India. Owing to a large network of MFDs, it facilitate AMCs access to smaller cities, especially in the B-30 markets. Apart from this, it distributes life and general insurance products in India through its wholly owned subsidiary, Gennext. In 2000, the Company started offering financial services in the name "Prudent Fund Manager". In 2003, the Company obtained ARN to provide Mutual Fund Distribution Services to clients. In 2006, the Company launched Partner Network. In 2010, the Company launched Property Advisory /Distribution services. In 2016, the Company obtained SEBI RIA licence to provide Investment Advisory services. It obtained the PFRDA Point of Presence license for NPS Distribution. In 2017, the Company launched NPS on Fundzbazar. During the year 2017, the Company received RERA Real Estate Agent License in Gujarat and Maharashtra and also launched Online paperless empanellment for Mutual Fund Distributors. In 2018, the Company further launched Fundzbot on Fundzbazar and launched Prudent Private Wealth and fixed income investment options (bond investing) on Fundzbazar in 2019. In 2020, the Company obtained registration from SEBI to act as a stock broker under the SEBI Stock Brokers Regulations. It started offering unlisted equity, bonds, structured products, distribution of PMS/ AIFs products and private wealth management services. In 2021, the Company launched stock broking on Fundzbazar. Besides this, it obtained RERA Real Estate Agent License in Karnataka. The Company received awards, accreditation and recognition during the year as summarized below: In 2009, the Company was awarded for the Best Performing Regional Financial Advisor -(West) by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2008-09. In 2010, the Company received award for the Best Performing Regional Financial Advisor(West)by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2010. In 2012, the Company bagged award for the Best Performing Regional Financial Advisor(West)by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2012. In 2013, the Company was awarded for Best Performing Regional Financial Advisor -(West) by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2012-13. In 2014, the Company was awarded for Best Performing Regional Financial Advisor -(West) by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2013-14. And in the year 2020, the Company received You & I Excellence Award 2020 for Highest Overall AUM National Distributor by Kotak Mutual Fund.

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AGM Date (Month) :
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543527
NSE Code : PRUDENT
Book Closure Date (Month) :
BSE Group : B
ISIN : INE00F201020

ICICIdirect Prudent Corporate Advisory Services Ltd FAQ

You can buy Prudent Corporate Advisory Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Prudent Corporate Advisory Services Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 08, 2022 09:19 AM the closing price of Prudent Corporate Advisory Services Ltd was ₹ 614.50.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Aug 08, 2022 09:19 AM, the market cap of Prudent Corporate Advisory Services Ltd stood at ₹ 2,544.46.
The latest PE ratio of Prudent Corporate Advisory Services Ltd as of Aug 08, 2022 09:19 AM is 32.4
The latest PB ratio of Prudent Corporate Advisory Services Ltd as of Aug 08, 2022 09:19 AM is 0.09
The 52-week high of Prudent Corporate Advisory Services Ltd is ₹ 660.00 while the 52-week low is ₹ 463.00 .

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