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.” Result PDF