Prudent’s operating profit jumps 42% as wealth distributor hits record equity

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Profit after tax rose 33.9% YoY to ₹71.7 crore, though PAT growth lagged operating profit growth due to mark-to-market reversals in other income during the quarter

By BL Mumbai Bureau

Updated - October 28, 2026 at 05:46 PM.

Prudent Corporate Advisory Services Limited reported a 42.4 per cent year-on-year rise in operating profit to ₹102.8 crore for the July-September 2026 quarter (Q2 FY27), while recording its highest-ever quarterly equity net sales of ₹4,138 crore, the Ahmedabad-based wealth management firm announced on Wednesday.

Revenue from operations grew 21.6 per cent YoY to ₹388.7 crore, driven by a 20.7 per cent increase in quarterly average assets under management (AUM) in the mutual fund business and 46 per cent growth in the insurance segment.

Operating profit margin expanded by 390 basis points to 26.4 per cent, up from 22.6 per cent in the year-ago quarter.

Profit after tax rose 33.9 per cent YoY to ₹71.7 crore, though PAT growth lagged operating profit growth due to mark-to-market reversals in other income during the quarter.

Prudent’s monthly SIP book reached ₹1,272 crore in September 2026, up 17 per cent YoY, pushing its market share in SIP flows to 3.7 per cent from 3.5 per cent a year earlier. The company’s equity mutual fund market share also improved to 2.70 per cent from 2.59 per cent.

The firm’s Specialized Investment Fund (SIF) business showed traction, with SIF partners rising to 1,792 from 1,323 in the preceding quarter and SIF AUM reaching ₹900 crore.

Prudent added 3,541 channel partners in the first half of FY27, roughly 30 per cent more than the same period last year. The company now operates across 165 locations in over 21 states with 1,712 employees and 39,691 channel partners.

On the stock exchange, Prudent shares closed at ₹2,964.80 on the NSE on Wednesday, up 2.89 per cent on the day, giving the company a market capitalisation of approximately ₹12,276 crore.

The stock trades at a trailing P/E of 48.69 and is up about 15.5 per cent year-to-date, though it remains well below its 52-week high of ₹4,105.50 hit in August 2026.

Published on October 28, 2026

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