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ICICIAMC ICICI Prudential Asset Management News Story

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India's ICICI Prudential AMC posts higher quarterly profit in first earnings since IPO

BENGALURU, Jan 14 - India's ICICI Prudential Asset Management Company IICL.NS reported a rise in third-quarter profit on Wednesday, helped by robust domestic capital inflows.

India's largest and most valuable asset manager posted a 45% year-on year rise in profit to 9.17 billion rupees ($101.50 million) in the quarter ending December 31, its first earnings  since going public.

Revenue grew 23.5% to 15.15 billion rupees.

($1 = 90.3410 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

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