ICICI Prudential AMC Q1 Results: Net profit rises 23% YoY to Rs 965 crore; revenue up 18%

ICICI Prudential Asset Management Company reported a 23 percent year-on-year rise in net profit to Rs 965 crore for Q1, with revenue growing 18 percent. The earnings growth was driven by higher asset under management and improvement in operational metrics across its mutual fund business.