New Delhi, May 1 -- Asset management companies (AMCs) largely held up their full-year earnings performance in FY26, but mark-to-market losses stemming from the West Asia conflict dented their latest quarterly profit. Listed AMCs recorded a sequential decrease in net profit or a loss in the January-March quarter.
ICICI Prudential AMC reported a 16.8% quarter-on-quarter (QoQ) decline in net profit to Rs.763 crore in Q4. HDFC AMC's net profit fell 19% to Rs.623 crore, while Nippon India AMC's earnings declined 5% to Rs.384 crore and Aditya Birla Sun Life AMC reported a 31% drop in net profit. UTI AMC swung to a loss of Rs.51 crore from a profit in the preceding quarter.
Analysts said earnings were not impacted by management fees, whi...
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