{"id":4760,"date":"2024-10-31T15:57:52","date_gmt":"2024-10-31T10:27:52","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4760"},"modified":"2024-10-31T15:57:53","modified_gmt":"2024-10-31T10:27:53","slug":"prudent-corporate-shares-surge-14-to-new-lifetime-high-on-robust-q2fy25-earnings","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/prudent-corporate-shares-surge-14-to-new-lifetime-high-on-robust-q2fy25-earnings\/","title":{"rendered":"Prudent Corporate Shares Surge 14% to New Lifetime High on Robust Q2FY25 Earnings"},"content":{"rendered":"\n<p>Shares of Prudent Corporate Advisory Services soared 14% to a record high of Rs 3,090 on October 31 after reporting a stellar Q2FY25 performance. The company\u2019s operating revenue rose 51% year-on-year to Rs 286.1 crore, driven by a 53% increase in average quarterly assets under management (AUM) in its mutual fund segment and a 36% rise in revenue from non-mutual fund products.<\/p>\n\n\n\n<p>Operating profit saw a 59% YoY jump to Rs 68.7 crore, outpacing revenue growth thanks to improved operating leverage, which lifted operating margins by 1.3 percentage points to 24% as of September 2024. Net profit after tax surged 69% YoY to Rs 51.5 crore, supported by a strong operational performance and additional income from treasury gains.<\/p>\n\n\n\n<p>As one of India\u2019s leading retail wealth management firms, Prudent Corporate provides a comprehensive suite of financial products and services for a diverse client base, including retail investors, corporations, high-net-worth individuals, and ultra-HNIs across 135 locations in 21 states.<\/p>\n\n\n\n<p>In the words of Sanjay Shah, the Managing Director of Prudent Group, this trend is very encouraging with the continued growth of mutual funds: &#8220;The unique mutual fund investor count for the industry crossed Rs 5 crore in September. This accelerated growth is a significant tailwind for Prudent, as reflected in our performance.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sub><sup>Source:\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/prudent-corporate-jumps-14-hits-new-lifetime-high-on-healthy-q2fy25-results-12856130.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/prudent-corporate-jumps-14-hits-new-lifetime-high-on-healthy-q2fy25-results-12856130.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Prudent Corporate Advisory Services soared 14% to a record high of Rs 3,090 on October 31 after reporting a stellar Q2FY25 performance. The company\u2019s operating revenue rose 51% year-on-year to Rs 286.1 crore, driven by a 53% increase in average quarterly assets under management (AUM) in its mutual fund segment and a 36% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[610],"class_list":["post-4760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-prudent-corporate-q2"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4760"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4760\/revisions"}],"predecessor-version":[{"id":4763,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4760\/revisions\/4763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4762"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}