Home / Business and Economy / Prudent's Operating Profit Soars 42.4% on Record Sales
Prudent's Operating Profit Soars 42.4% on Record Sales
28 Oct
Summary
- Operating profit surged 42.4% YoY to ₹102.8 crore in Q2 FY27.
- Equity net sales reached a record high of ₹4,138 crore.
- Profit after tax increased by 33.9% YoY to ₹71.7 crore.
Prudent Corporate Advisory Services Limited announced robust financial results for the July-September 2026 quarter (Q2 FY27), with operating profit climbing 42.4% year-on-year to ₹102.8 crore. The company achieved a record high in quarterly equity net sales, amounting to ₹4,138 crore.
Revenue from operations grew by 21.6% year-on-year to ₹388.7 crore, fueled by a 20.7% increase in average assets under management for mutual funds and a notable 46% growth in the insurance segment. The firm's operating profit margin also expanded, rising by 390 basis points to 26.4%.
Profit after tax increased by 33.9% year-on-year to ₹71.7 crore. Despite this growth, PAT expansion trailed operating profit growth due to mark-to-market reversals in other income during the quarter.
Prudent's monthly SIP (Systematic Investment Plan) book reached ₹1,272 crore in September 2026, up 17% year-on-year, improving its market share in SIP flows to 3.7%. The company's equity mutual fund market share also saw an uptick to 2.70%.
The Specialized Investment Fund (SIF) business showed positive momentum, with SIF partners increasing to 1,792 and SIF AUM reaching ₹900 crore. Prudent added 3,541 channel partners in the first half of FY27, representing approximately 30% growth compared to the same period last year. The firm operates across 165 locations with 39,691 channel partners.
