ICICI Prudential AMC Q4 FY26 PAT up 10%, ₹12.40 dividend

Stock in focus after Q4 FY26 earnings

Shares of ICICI Prudential Asset Management Company (ICICI Pru AMC) are set to be watched in the next session after the company reported its March-quarter (Q4 FY26) results. The company posted year-on-year profit growth, backed by higher operating revenue and better operating performance. At the same time, the quarter showed a sequential decline in profit, highlighting how non-operating income can move AMC earnings from one quarter to the next. Alongside the results, the board recommended a final dividend for FY26.

Key Q4 FY26 numbers: profit rises YoY, dips QoQ

ICICI Pru AMC reported profit after tax (PAT) of ₹763.42 crore for Q4 FY26. This was up 10.37% year-on-year from ₹691.71 crore in Q4 FY25. Sequentially, net profit fell 16.76% from ₹917.09 crore in Q3 FY26.

Profit before tax (PBT) in Q4 FY26 rose to ₹1,039 crore from ₹917 crore a year earlier. Revenue from operations increased 19.53% year-on-year to ₹1,517.01 crore, compared with ₹1,269.19 crore in Q4 FY25. On a quarter-on-quarter basis, revenue from operations was largely flat, rising 0.15% from ₹1,514.67 crore.

The company also reported total income for the quarter at about ₹1,427.7 crore, as cited in the coverage, with the difference between revenue from operations and total income reflecting the movement in other income.

Operating leverage and costs support margins

The quarter showed a visible improvement in operating performance. Operating profit was reported at ₹1,128 crore in Q4 FY26, up 30% from ₹866 crore in Q4 FY25, supported by tighter cost management and operating leverage.

Total expenses were reported at ₹389 crore for the quarter, easing from ₹403 crore in the year-ago period. Separately, the coverage also cited EBITDA of ₹1,160 crore for Q4 FY26, up from ₹894.1 crore a year earlier. Operating margin for the quarter was reported at 76.47%, improving from 70.46% in the corresponding quarter of the previous year.

Dividend announced: ₹12.40 per share

The board of directors recommended a final dividend of ₹12.40 per equity share for FY26. The company said the dividend will be paid to eligible shareholders after approval at the upcoming Annual General Meeting (AGM). The dividend recommendation was disclosed along with the Q4 results.

Full-year FY26 performance: profits and revenue rise sharply

For FY26, ICICI Pru AMC reported PAT of ₹3,298 crore, up 24.4% from ₹2,651 crore in FY25. PBT rose 24.7% to ₹4,407 crore, while operating profit increased 28.9% to ₹4,171 crore.

On the income line, FY26 revenue from operations was reported at ₹5,765 crore, up 23% year-on-year from ₹4,683 crore in FY25. Total income for the year was cited at about ₹6,000 crore versus nearly ₹4,980 crore in the previous fiscal.

Business metrics: AUM, customers and distribution expand

The company’s scale indicators also rose over the year. Quarterly average assets under management (QAAUM) stood at ₹11,04,787 crore as of March 2026, compared with ₹8,79,412 crore a year earlier.

ICICI Pru AMC reported total unique customers of 1.7 crore as of March 31, 2026, up from 1.46 crore a year earlier. It also reported a distribution network of over 1.14 lakh partners across 281 offices.

Monthly systematic transactions for March 2026 were reported at ₹51.04 billion, compared with ₹39.06 billion in the same month last year, which converts to ₹5,104 crore versus ₹3,906 crore.

Market context: price moves and trading levels cited

The earnings were announced after market hours on April 13, 2026. Ahead of the announcement, shares of ICICI Prudential AMC settled 1.14% lower at ₹3,351.60 on the BSE. Another cited close was 0.95% lower at ₹3,353.50 on the NSE.

The coverage also noted the company’s market capitalisation at about ₹1.66 lakh crore (₹1,66,000 crore) as of April 13, 2026. Separately, it referenced the company’s listing on December 19, 2025, when it closed around ₹2,576 versus an issue price of ₹2,165.

Other board decisions disclosed with results

Along with the dividend recommendation, the board approved stock-based compensation grants. The disclosures cited grants of up to 0.78 million stock options and 0.19 million stock units for employees under existing schemes.

The board also approved the appointment of Parikh & Associates as secretarial auditor for a five-year term starting FY27, subject to shareholder approval.

Summary table: reported financial and operating data

What the sequential dip signals for AMC earnings

While year-on-year growth was supported by higher revenue from operations and improved operating leverage, the sequential decline in profit was linked in the coverage to lower total income and a fall in other income. AMC financials can see quarter-to-quarter swings when market-linked treasury and other income moves, even if fee-based operating revenue remains steady. In this quarter, the report highlighted that costs stayed under control, with expenses easing year-on-year.

Conclusion

ICICI Pru AMC’s Q4 FY26 results combined steady year-on-year profit growth with a quarter-on-quarter dip, while the company also recommended a ₹12.40 final dividend for FY26. Investor focus will remain on AGM approval for the dividend, and on subsequent updates on flows, AUM trajectory and profitability as FY27 begins.