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For the same September quarter, the company posted a net profit of Rs 30 crores, a 10% YoY growth.
For the half year ended September 2023, the company reported a profit after tax growth of 25% to Rs. 58.5 crore, led by strong operational growth and higher other income. There was an on-off income pertaining to the reversal of impairment of Rs 2 crores in H1 FY23.
Commenting on the results, Sanjay Shah, Managing Director of Prudent Group, said there are just four crore unique mutual fund investors in the country, and this number is set to grow by leaps & bounds in this phase of Amrit Kaal, wherein per capita income is set to grow ten times in the next twenty-five years.
“By March 2026, as we aim to achieve an AUM of Rs 1 trillion, we foresee our monthly SIP inflow crossing the mark of Rs 1,000 crore. With a robust performance track record and a promising economic backdrop, we are poised to continue our successful growth trajectory,” he added.
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