Prudent Corporate Advisory Q4 Results: PAT grows 19% YoY to Rs 138.7 crore
Prudent Corporate Advisory Services has reported 32% year-on-year growth in revenue from operations at Rs 805 crores for the quarter ended March 31, 2024. Profit after tax of the company grew by 19% YoY to Rs 138.7 crore, led by strong operational growth and higher other income.
A retail wealth management services firm engaged in distributing a wide range of financial products reported a 32% growth in yearly average asset under management (AUM) in the mutual fund vertical and a 50% growth in revenues from non-mutual fund products.
Growth in AUM was largely led by marked-to-market (M2M) gains as markets witnessed a strong broad-based rally during fiscal 2024, the company said in a press release. The company’s AUM as of 31 March 2024 grew by 48% YoY to Rs 83,384 crore.
Commenting on the results, Sanjay Shah, managing director of Prudent Group, said, “By March 2026, as we aim to achieve an AUM of Rs 1 lakh crore, 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.”
