ICICI Prudential AMC shares slide 2.11% after Q1FY27 profit misses estimates on higher employee costs
ICICI Prudential AMC reported Q1FY27 profit after tax of ₹9.65 billion, up 23% year-on-year but below street estimates of around ₹10.25 billion. The miss was driven by employee expenses, which jumped 45% quarter-on-quarter to ₹2.04 billion amid ESOP costs and a reversal of provisions in the prior quarter. Total mutual fund quarterly average AUM rose 18% year-on-year to ₹11.17 trillion, while management said SEBI’s recent expense ratio revisions had no earnings impact. The stock fell 2.11% to ₹3,138.10 on the NSE as of 10.34 am.