Q3 2026 Prudent Corporate Advisory Services Ltd Earnings Call Transcript
Key Points
- Prudent Corporate Advisory Services Ltd (BOM:543527) reported a 9.2% increase in AUM for the current quarter, indicating strong momentum as they head into FY27.
- The company's equity AUM grew by 22.4% year-on-year and 6.9% quarter-on-quarter, driven by strong net sales and mark-to-market gains.
- The SIP book increased from INR1,130 crores in December 2025 to INR1,170 crores, with a market share improvement of 20 basis points.
- The merger with Indus Capital is proving successful, with significant client comfort and integration benefits.
- The company has a robust treasury corpus of INR537 crores, providing financial strength to pursue strategic opportunities.
- The broader Nifty500 Index corrected by around 5%, impacting the company's AUM, which now stands at approximately INR126,000 crores.
- Revenue from the insurance segment grew at a slower pace of 3.6% due to rate rationalization post-GST changes.
- Operating expenses grew by 7.2% sequentially, with additional costs from new labor code provisions and ESOP charges.
- The finance cost increased due to the accounting treatment of deferred consideration payable to Indus Capital.
- The company faces potential challenges from SEBI's recent changes in the total expense ratio, which may impact revenue neutrality.
Ladies and gentlemen, good day, and welcome to the Prudent Corporate Advisory Services Limited Q3 FY26 Earnings Conference Call hosted by ICICI Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rushad Kapadia from ICICI Securities Limited. Thank you, and over to you, sir.
Thank you. Good evening, everybody, and welcome to the Q3 FY26 Results Update Call of Prudent Corporate Advisory Services Limited. We have with us from the management of Prudent Corporate Advisory Services Limited, Mr. Sanjay Shah, Chairman and Managing Director; Mr. Shirish Patel, CEO and Whole-Time Director; Mr.
Chirag Shah, Non-Executive Director; Mr. Chirag Kothari, Chief Financial Officer; and Mr. Parth Parekh, Head of Investor Relations.
Now we would request the management to start with the opening comments, post which we can open the floor for Q&A. Thank you, and over to you, sir.
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