Prudent Corporate Advisory Services Limited · NSE:PRUDENT
Prudent Corporate Advisory Services — Q3 FY2026 Earnings Presentation
51 slides from Prudent Corporate Advisory Services's earnings presentation, Jan 28, 2026
Slide 1: Exchange intimation letter for investor presentation
Date: 28.01.2026 To, To, The National Stock Exchange of India BSE Limited, Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra – Kurla Complex, Mumbai- 400 001 Bandra (E), SCRIPT CODE: 543527 Mumbai – 400 051 NSE EQUITY SYMBOL: PRUDENT ISIN: INE00F201020 Sub.: Investor Presentation
Slide 2: Investor Presentation Q3 FY2026
A diversifiedplay in wealthmanagement Investor Presentation Q3 FY202 6
Slide 3: Disclaimer
DISCLAIMER The data mentionedin the presentationprovidedfor general informationpurpose only. The informationcontainedin the presentationis accurate only as of the date it was originally issued. The figures mentionedin the data are roundedoff. Prudent Corporate Advisory Services Ltd(“Prudent”or the C
Slide 4: About Prudent Corporate Advisory Services
About Prudent Corporate Advisory Services Founded in 2003 & headquartered in Ahmedabad, Prudent Corporate Vision Advisory Services is one of India’s fastest -growing financial services To be the mostpreferredgroupin financialservices group. cateringto the masseswiththe helpof technology. Today, with
Slide 5: Key Management Leadership Team
Key Management Leadership Team Sanjay Shah Shirish Patel Chirag Shah Chirag Kothari Chairman & Managing Director CEO & Whole-time Director Non-Executive Director Chief Financial Officer Chartered Accountant with MBA in Finance & diploma in Fellow member of Institute of Qualified company secretary mo
Slide 6: Key Management Board Members
Key Management Board Members Karan Kailash Datta Shilpi Thapar Aniket Talati (Independent Director) (Independent Director) (Independent Director) With 10 years of experience in Holds a bachelor’s in law & Qualified CA & fellow member of asset management has been commerce, registered with Institute o
Slide 7: Our Journey so far
Our Journey so far 100 bn in 16 years First ₹ Next ₹900 bn in around 9 years ▪ AUM – Crossed ₹ 1000 bn ▪ Listed on BSE & NSE ▪ AUM – ₹ 300 bn ▪ Launched Smallcase, Insurance & Bank Fixed ▪ 2019 – Launched Prudent Deposit on Fundzbazar. ▪ AUM - ₹ 200 bn Private Wealth ▪ Launched Mutual Funds in Demat
Slide 8: Business Overview
Investor Presentation Q3 FY2026 Business Overview A diversified play in wealth management 7
Slide 9: Play on distribution of diverse Financial Products
Play on distribution of diverse Financial Products REVENUE STREAM NATURE OF REVENUE REVENUE - FREQUENCY Distribution of Commission from AMC Mutual Fund Products Distribution of Commission from Recurring Revenue CORPORATE PRUDENT Insurance Products Insurance companies Other Commission Financial Produ
Slide 10: Mutual Fund Distribution - A Dominant Pie of the Services
Mutual Fund Distribution - A Dominant Pie of the Services Mutual Funds Distribution AUM Growth CAGR of 40 % FY 20 -2 5 In₹ Crs The companyfollowsan “open-source”distributionmodel,under 96.7% whichit distributesmutualfunds of AMCs irrespectiveof their Total AUM Equity to Total AUM 96.2% affiliationor
Slide 11: Other Financial Products - Insurance Leads the pack
Other Financial Products - Insurance Leads the pack Insurance Distribution Revenue growth CAGR of 40% FY21 -25 ₹ in crore Gennext- a wholly owned subsidiary is registered as an insurance broker for life Other Financial Products and general insurance with IRDAI. It distributes insurance products offe
Slide 12: Diversification: Creating a Second Pillar of Growth
Diversification: “Creating a Second Pillar of Growth” FY20 FY20 FY25 FY25 2.7% 3.0% 8.2% 1.0% Increasing share of 7.2% 11.7% Insurance products from 7.2% in FY20 to MF Products 11.7% in FY25 MF Products Insurance Products Insurance Products Stock Broking & Stock Broking & Allied Services Allied Serv
Slide 13: Rationale & Strategy
Investor Presentation Q3 FY2026 Rationale & Strategy A diversified play in wealth management 12
Slide 14: Delivering Sustained Performance
Delivering Sustained Performance A complete ecosystem of Financial Products makes “PRUDENT corporate” a prudent choice for MFDs & Client’s A Strong Platform + A complete Eco System = A sustainable roadmap z Unique B2B2C business z model bridging the gap between AMCs, MFDs and Long Lasting retail cus
Slide 15: The Mutual Fund Route to Viksit Bharat @2047
The Mutual Fund Route to Viksit Bharat @2047 Gross Domestic Product (in ₹ trillion) Per Capita Income (in ₹ Lakh) 16.5 2492 295 112 1.8 Viksit Bharat @2047 is 0.8 being shaped by the shift from traditional savings to market-based investments. FY14 FY24 FY47 E FY14 FY24 FY47 E Mutual funds will lead
Slide 16: Industry on an Upturn... But Long Runway Left
Industry on an Upturn... But Long Runway Left Mutual Fund AUM as a % to GDP Unique Investors in MF Industry (in millions) 54.2 20% 44.6 37.7 33.7 12% 9% 20.8 22.8 17.1 19.3 FY15 FY18 FY25 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Retail + HNI Assets in Overall MF AUM Flows through Syst
Slide 17: India's Mutual Fund Story: Same Road, Different Time
India’s Mutual Fund Story Same Road, Different Time Per Capita GDP Mutual Fund AUM 36329 2791 16.5 6965 12574 3 times 9 times 52 times 42 times 1.8 132 66 1980 2000 2024 2047 E 1980 2000 2025 2047 E USA (In USD) INDIA (In ₹ Lakh) USA (In USD Bn) INDIA (In ₹ Lakh crores) AUM as % of GDP No. of Invest
Slide 18: Individual Equity AUM: A Focus Area for Prudent
Individual Equity AUM: A Focus Area for Prudent Total AUM 80.80 Equity + Hybrid AUM Other + Solution-oriented AUM Debt AUM 75.80% 24.20% 46.62 14.63 19.55 Individual Non-Individual Individual Non-Individual Individual Non-Individual AUM AUM AUM AUM AUM AUM 41.12 5.50 4.21 10.41 4.03 15.52 Regular AU
Slide 19: Individual Equity AUM: A Focus Area for Prudent
Individual Equity AUM: A Focus Area for Prudent Total AUM 100 Equity + Hybrid AUM Other + Solution-oriented AUM Debt AUM 57.70 18.10 24.20 Individual Non-Individual Individual Non-Individual Individual Non-Individual AUM AUM AUM AUM AUM AUM 58.89 6.81 5.21 12.89 4.99 19.21 Regular AUM Regular AUM Re
Slide 20: AUM Journey: A Structural Growth Story
AUM Journey A structural Growth story Total AUM Equity to Total AUM Equity AUM >95% 1,03,515 Prudent’s AUM grew at CAGR Equity 96.2% of 34%, versus Industry’s 92.6% 93.5% 96.7% AUM <66% 20% from 2015 -2025 85.8% 87.7% 83.5% 82.6% 83,384 74.6% 71.2% 65.3% Prudent’s Equity AUM 56,189 grew at CAGR of 4
Slide 21: Decadal Growth
Decadal Growth Partners Customers Total AUM ( ₹ cr) 33308 103515 1928313 3250 207814 5257 Mar-15 Mar-25 Mar-15 Mar-25 Mar-15 Mar-25 Equity AUM ( ₹ cr) Monthly SIP Book ( ₹ cr) Number of Live SIPs (in lacs) 32.78 100061 981 3676 42 2.09 Mar-15 Mar-25 Mar-15 Mar-25 Mar-15 Mar-25 A diversified play in
Slide 22: Scaling Faster
Scaling Faster Prudent’s Alpha in AUM Growth of MFD’s Regular AUM - Industry ( ₹ in Crore) Total AUM – Prudent ( ₹ in Crore) 29,37,107 83,408 5,82,500 3,739 (5 times) (22 times) MAR - 14 MAR -24 MAR - 14 MAR -24 AUM Growth of Industry's top 1000 MFDs* ( of 2024) ** AUM Growth of Prudent's Top 1000 M
Slide 23: Scaling Faster: Prudent's Tech Alpha
Scaling Faster Prudent’s Tech Alpha Accelerating MFD’s Growth Contribution of FundzBazar in AUM (%) 10 Year Growth Rate (%) 72% 45% 67% 61% 40% 38% 55% 37% 52% 30% 1-200 201-400 401-600 601-800 801-1000 1-200 201-400 401-600 601-800 801-1000 Clients Per MFD (Nos) AUM Per MFD ( ₹ Cr) 730 79.9 420 291
Slide 24: Overcoming Hurdles
Overcoming Hurdles How Prudent Drives MFD’s Productivity What are the Root Causes Solving Issues with Fundzbazar, Prudent Partner Desk, and Expert RMs Paperless Platform Query Marketing Solutions Tools Support Fundzbazar, Partner Desk & Expert RMs Client Diverse Behaviour Product Insights Suite Auto
Slide 25: Vintage of Prudent AUM vs Industry
Vintage of Prudent AUM vs Industry Prudent Individual Equity AUM staying invested for more than 24 months is higher by 440 basis points Versus Industry Categorization of Individual Equity AUM as per Vintage Prudent 62.5%* Industry 58.1% 23.0% 19.9% 18.9% 17.6% Holding Period of < 12 Months Holding P
Slide 26: Prudent Equity AUM Growing Faster than Industry
Prudent Equity AUM Growing Faster than Industry Values Rebased to 100 1.27 1.30 1.30 1.34 1.28 Equity AUM-Industry 1.92 Equity AUM-Prudent 1.3 1.07 764 721 1.0 703 Growing at a pace higher 646 636 617 than the industry led by 579 1.05 organic and inorganic 500 465 570 route 411 535 539 372 496 489 3
Slide 27: How Prudent Bridged the Gap with Biggies in the last Decade
How Prudent Bridged the GAP with Biggies in the last Decade Peers commission income compared to Prudent (Value rebased to 100) Peers in FY15 in FY25 HDFC Bank Limited 470 100 Axis Bank Limited 440 70 NJ IndiaInvestPvt Ltd 430 250 Kotak Mahindra Bank Limited 370 40 ICICI Bank Limited 360 50 ICICI Sec
Slide 28: Consistent Growth Through All Market Phases
Consistent Growth Through All Market Phases How Prudent Stays Ahead ? % of Total Average Average Average Prudent Average Industry Return (YoY %) Months Monthly Nifty500 Nifty50 Equity AUM Equity AUM Observations Return % Return% Growth % Growth % Less than 0% 41 23.2% -8.1% -6.6% 11.3% 1.0% 63% of t
Slide 29: Factors Behind AUM Growth
Factors Behind AUM Growth SIPs Providing Stability to Net Flows Contribution of Net Sales & M2M in AUM Movement Gross Equity Flows through SIPs is providing stability to net sales with the same (Ex -Acquisitions) growing at a CAGR of 28% FY20-25 & now almost every second rupee of flows comes The AUM
Slide 30: Prudent Becomes Fourth Largest Mutual Fund Distributor in FY25
Prudent Becomes Fourth Largest Mutual Fund Distributor in FY25 Total Commission (Lacs) Name of the ARN Holder 2016 -17 2017 -18 2018 -19 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Commission of MFDs 500041 854974 793760 614654 661575 1042023 1207170 1485347 2110687 per AMFI Data Growth 36
Slide 31: MFDs remain Backbone for the Company's Journey so Far
MFDs remain Backbone for the Company’s Journey so Far Our value proposition has led to No. of MFDs increased participation and a long -standing relationship with MFDs 33308 29605 No of Individual + Corporate ARNs in 26949 # with every India stood at 1,93,617 23763 fifth MFD working with Prudent. Cli
Slide 32: Productivity of MFD Increases Once they Cross the Rs 10 Crore Mark
Productivity of MFD Increases Once they Cross the Rs 10 Crore Mark No of MFDs Average Gross Sales Per Client* Average Value of New SIPs Added Average AUM per Client* Per Client* 31358 262430 910736 4255 3040 112163 333516 1950 MFDs > 10 crore MFDs < 10 crore MFDs > 10 crore MFDs < 10 crore MFDs > 10
Slide 33: MFDs - Diversity bring Sustainability & Stability
MFDs - Diversity bring Sustainability & Stability Deconcentrating The MFDs share MFDs Combining with Insurance Top 100 MFDs Top 50 Common for Insurance 3.08% Top 10 13,419 35,975 Insurance POS 14.50% 9.26% Value proposition offered to MFDs helps increase the MFDs pie every A large MFD base & a multi
Slide 34: Geographical presence – Playing on Tier I & II cities
Geographical presence – Playing on Tier I & II cities Getting growth from uncharted and underpenetrated markets Prudent is one of the very few national distributors (non -bank) with a Our INVESTORS are present across INDIA presence in the B-30 market catering to retail investors. This geography is e
Slide 35: A SIP Led Equity AUM Bringing Stability to Net Flows
A SIP Led Equity AUM Bringing Stability to Net Flows SIP Led AUM Provides Continuity As on Mar-25, AUM from the mutual fund business Gross Inflow via SIPs ( ₹ cr) SIP AUM as % of Equity AUM stood at Rs.1,03,515 Cr with 96.7% of total AUM being Gross Inflow via SIPs % as Gross Eq Inflows equity-orien
Slide 36: Statistics on Systematic Investment Plans (SIPs)
Statistics on Systematic Investment Pan (SIPs) How Many Investors in Prudent do SIPs Customer Profiling: Below 45 Age Group Investors Helping to Build Granular Book No Live SIP Particulars No. of Total Equity Non- No of Live SIP 7.0% Only 1 SIP Investors AUM Equity Live SIP Amount >0 <25 5.2% 3.0% 3
Slide 37: All Roads Lead to Profitability
All Roads Lead to Profitability Consistent track record of profitable growth due to highly scalable, asset -light and cash generative business model. Despite the regulatory changes*, Total Revenue Total Revenue from Operations ( ₹ Cr) Total Operating Expenditure ( ₹ Cr) # from Operations has grown a
Slide 38: Financials At Glance
Financials At Glance In ₹ cr. Total AUM ( ₹ cr) Revenue & YoY Growth % EBITDA & Margin (%) Revenue Growth EBITDA EBIDTA Margin % 103515 57.1% 28.4% 83384 25.6% 24.0% 23.8% 37.1% 21.6% 35.6% 19.9% 56189 31.7% 49473 22.1% 30846 262 19389 173 193 5.9% 115 235 287 451 611 805 1,104 47 62 FY20 FY21 FY22
Slide 39: Strategic Acquisitions
Strategic Acquisitions Healthy Cash flows led to the acquisition of Mutual Fund AUM of Karvy Stock Broking Limited in all Cash deal Strategic Acquisition KPIs (as on acquisition date) Prudent selected as the highest bidder by the Joint Committee of Exchanges Total AUM of Equity Component Live SIPs:
Slide 40: Strategic All-Cash Acquisition of Indus Capital (Pune)
Strong Cash Flows Support Strategic All -Cash Acquisition of Indus Capital (Pune) Indus Capital’s clients will transition to Fundzbazar, Mutual Fund AUM ₹2,104 crore gaining access to a wider product basket and a smoother, more reliable technology platform. PMS - AIF AUM ₹145 crore The acquisition a
Slide 41: Shareholding Pattern
Investor Presentation Q3 FY2026 Shareholding Pattern A diversified play in wealth management 40
Slide 42: Shareholding pattern
Shareholding pattern SHAREHOLDING PATTERN –31st December 2025 Institution Names As a % to Overall Shareholding Promoters Zulia Investments Pte Ltd (Temasek Group) 6.69% Non-Institutions Kotak Mahindra Asset Management Company Ltd 5.29% FII DSP Investment Managers Pvt Ltd 4.69% DII Wasatch Global Inv
Slide 43: Results Highlights
Investor Presentation Q3 FY2026 Results Highlights A diversified play in wealth management 42
Slide 44: Q3 FY2026 - Result Highlights
Q3 FY2026 - Result Highlights Crossed Equity Net Sales in December SIP Book GI Fresh Premiums up ₹1200 billion Q3 FY2026 at Stands at ₹1,135 by 27.4% YoY AUM mark Rs 3,444 crore crore Consolidated revenue Consolidated EBITDA Consolidated PAT up by 20.4% YoY up by 18.0 % YoY up by 19.6 % YoY. A diver
Slide 45: Q3 FY2026 - Result Highlights - Consolidated
Q3 FY2026 - Result Highlights - Consolidated In ₹ cr. Revenue & YoY Growth % EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 343.2 77.8 70 285.0 65.9 60 57.6 50 48.2 23.1% 22.7% 20.4% 18.0% 19.6% 40 16.9% 16.8% 30 20 10 0 Q3 FY2025 Q3 FY2026 Q3 FY2025 Q3 FY2026 Q3 FY2025 Q3 FY2026 A diversified play
Slide 46: Q3 FY2026 - AUM Change
Q3 FY2026 - AUM Change Closing AUM as of December 2025 Vs Quarterly Avg AUM ( ₹ cr) Daily Average AUM for 9MFY26 ( ₹ cr) 140000 129965 127601 127601 120000 118986 119052 9.2% 102057 100000 QoQ YoY 7.2% 80000 20.9% 60000 40000 20000 0 Daily Average AUM Closing AUM as of Q2 FY2026 Q3 FY2026 Q3 FY2025
Slide 47: Equity - AUM Movement
Equity - AUM Movement Change in Equity AUM YoY ( ₹ cr) Change in Equity AUM QoQ ( ₹ cr) 8064 2053 125730 4620 125730 3444 12909 7.9% 117615 2.0% 3.9% 2.9% 102704 12.6% Net Sales Indus Acquisition Dec-24 M2M Impact Dec-25 Sep-25 Net Sales M2M Impact Dec-25 A diversified play in wealth management 46
Slide 48: Q3 FY2026 - Equity & SIP
Q3 F Y2026 - Equity & SIP Market Share in Equity AUM Ex ETF of Prudent Equity Oriented AUM % of Total AUM 2.59% 2.60% 97.1% 96.6% 96.7% 2.52% Dec-24 Sep-25 Dec-25 Dec-24 Sep-25 Dec-25 Monthly SIP Flow ( ₹ cr)and Market Share (%) Equity Gross SIP Inflow( ₹ cr) as a % of Gross Equity Inflows 46.3% 45.
Slide 49: Emerging Segment - Insurance
Emerging Segment - Insurance Life Insurance Life Insurance ₹ 143.3 Crore ₹ 34.2 Crore Total Premium Fresh Premium ₹ 193.4 Crore ₹ 50.5 Crore General Insurance General Insurance ₹ 50.1 Crore ₹ 16.4 Crore Life Insurance ₹ 21.8 Crore Total Commission ₹ 33.6 Crore General Insurance ₹ 11.8 Crore For Quar
Slide 50: Consolidated - Q3 FY26
Consolidated - Q3 FY26 Consolidated (in crore) 3QFY26 2QFY26 QoQ (%) 3QFY25 YoY (%) 9MFY26 9MFY25 YoY (%) Quarterly Average AUM 127601 118986 7.2% 105546 20.9% 119052 98995 20.3% Total Commission and Fee Income from (a+b+c+d ) 340.7 316.8 7.5% 282.7 20.5% 948.5 814.9 16.4% Distribution of Mutual Fun
Slide 51: Thank You
Thank You PrudentCorporateAdvisory Services Ltd Mr.ManojSaha prudent@dickensonworld.com Mr.Parth Parekh parth.parekh@prudentcorporate.com e-mail:prudent@dickensonworld.com e-mail:parth.parekh@prudentcorporate.com Mob:9819860835 Mob:9819878413 www.prudentcorporate.com www.prudentcorporate.com https:/
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