AMC profits rise on stronger core business and treasury gains

Asset management companies reported a 12-27% year-on-year jump in Q1FY27 net profit, driven by mark-to-market gains from buoyant equity markets and a rebound in treasury income. ICICI Prudential AMC's net profit rose 23% to about 964 crore, HDFC AMC's grew 12% to 838 crore, and Nippon Life India AMC posted the fastest growth at 27% to 503 crore. However, core profit after tax excluding other income was far weaker, with Nippon AMC's core PAT falling 9.3% sequentially and ICICI Prudential AMC's flat, while SIP inflows moderated across the industry.