Prudent Corporate Advisory Services Ltd. News, Corporate filings and Earnings/Conference Calls

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

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Prudent Corporate Advisory Services Ltd. News, Corporate filings and Earnings/Conference Calls

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