Prudent Corporate Share Price

The Sales for the quarter ended September 2022 of Rs. 1277.67 millions rose by 39.72% from Rs. 914.42 millions.An average growth of 28.66% was recorded for the quarter ended September 2022 to Rs. 185.57  millions from Rs. 144.23 millions.The company reported a good operating profit of 306.02 millions compared to 212.97 millions of corresponding previous quarter.

The sales figure stood at Rs. 1277.67 millions for the September 2022 quarter. The mentioned figure indicates a growth of about 39.72% as compared to Rs. 914.42 millions during the year-ago period.Good  Net Profit growth of 28.66% reported above the corresponding previous quarter figure of Rs. 144.23 millions to Rs. 185.57 millioins.Operating Profit saw a handsome growth to 306.02 millions from 212.97 millions in the quarter ended September 2022.

The revenue zoomed 24.52% to Rs. 1379.57 millions for the quarter ended December 2022 as compared to Rs. 1107.89 millions during the corresponding quarter last year.A slim rise of 21.04% was recorded in the Net profit for the quarter ended December 2022 to Rs. 201.61  millions  From Rs. 166.56 millions.Operating Profit saw a handsome growth to 333.54 millions from 283.16 millions in the quarter ended December 2022.

The revenue zoomed 24.52% to Rs. 1379.57 millions for the quarter ended December 2022 as compared to Rs. 1107.89 millions during the corresponding quarter last year.A slim rise of 21.04% was recorded in the Net profit for the quarter ended December 2022 to Rs. 201.61  millions  From Rs. 166.56 millions.Operating Profit saw a handsome growth to 333.54 millions from 283.16 millions in the quarter ended December 2022.

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Prudent Corporate Advisory Services has informed that it enclosed copies of newspaper advertisement published in Financial Express (English), and Financial Express (Gujarati), in compliance with Ministry of Corporate Affairs General Circular nos. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021 dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021 and December 14, 2021 respectively, intimating that 19th Annual General Meeting of the Company will be held on Thursday, September 29, 2022 at 12.30 pm (IST) through Video Conferencing / Other Audio-Visual Means.

The above information is a part of company’s filings submitted to BSE.

Prudent Corporate Advisory Services has informed that it enclosed a copy of the press release on 6th September 2022 titled ‘Prudent Corporate Advisory Services Limited becomes the 2nd largest non-banking Mutual Fund Distributor based on Commissions Earned’.

The above information is a part of company’s filings submitted to BSE.

Quarterly Results

Quarterly Results

Rs.1.0000 per share(20%)Final Dividend

Quarterly Results & Final Dividend & Audited Results

It is also now the second largest non-banking mutual fund distributor overtaking established legacy players

Prudent Corporate Advisory Services (Prudent) has become fifth largest mutual fund distributor based on commissions earned during FY2022. It is also now the second largest non-banking mutual fund distributor (based on commissions earned), overtaking established legacy players.

The company’s assets under management (AUM) grew at 41% CAGR in the FY2017-22 period versus the industry CAGR of 14.5% for the same period. Backed by a stupendous growth in AUM, commissions grew at the fastest pace, pipping the growth rate of the top 4 players. Commission income at Rs 440.90 crore by the end of FY022, has increased by 35% CAGR during FY2017-22 period versus an industry growth rate of 16%. The company’s market share of the industry’s commission income has increased from 1.98% in FY2017 to 4.23% in FY2022.

Prudent Corporate Advisory Services provides retail wealth management services.