Filter announcements
Loading...
Incorporated in 2003, Prudent Corporate Advisory Services Limited provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading platforms.
Prudent delivered strong quarterly results. PAT soared 44.4% YoY to 74.8 Cr, and revenue climbed 18.3% to 347.6 Cr. Equity AUM grew 18% to 134,000 Cr, while monthly SIP book jumped 21% to 1,203 Cr, signaling robust business momentum.
Prudent Corporate released its FY26 BRSR. The company demonstrated improved energy/water intensity per Cr turnover and a sharp reduction in customer complaints. Sales via distributors grew significantly, with increased capital expenditure on energy-efficient infrastructure. No fines or data breaches were reported.
Prudent reported resilient FY26 performance: revenue up 19.4%, Profit After Tax up 15.3%, and Closing AUM up 13.5%. The company also achieved record Equity Net Sales of Rs 13,900 Crore.
Prudent Corporate launched Edge+, an AI-powered platform to empower mutual fund distributors. This tool enhances business planning, client servicing, marketing, and cross-selling, aiming to boost efficiency and growth for partners.
Prudent received a GST notice from DGGI for alleged ineligible input tax credit for FY21-23, totaling ₹3.72 Cr tax, interest, and penalty. The company is reviewing and expects no material financial or operational impact.