Analysts/Institutional Investor Meet/Con. Call Updates

Date: 02.11.2026 To, To, The National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: PRUDENT SCRIP CODE: 543527 ISIN: INE00F201020 Sub.: Transcript of the Conference Call for Un-Audited Financial Results for the Quarter ended September 30, 2026. With reference to our earlier intimation dated October 24, 2026 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the Conference Call with analysts and investors held on October 29, 2026 in respect of the Un-Audited Financial Results for the Quarter ended September 30, 2026. The same will also be available on the website of the Company at www.prudentcorporate.com . Please take the same into your records and do the needful. For, Prudent Corporate Advisory Services Limited Kunal A. Chauhan Company Secretary Membership No: FCS-13492 Encl.: As Stated “Prudent Corporate Advisory Services Q2 FY27 Earnings Conference Call” October 29, 2026 MANAGEMENT: MR. SANJAY SHAH - CHAIRMAN AND MANAGING DIRECTOR - PRUDENT CORPORATE ADVISORY SERVICES MR. SHIRISH PATEL – CHIEF EXECUTIVE OFFICER AND WHOLE-TIME DIRECTOR – PRUDENT CORPORATE ADVISORY SERVICES MR. CHIRAG SHAH – NON EXECUTIVE DIRECTOR – PRUDENT CORPORATE ADVISORY SERVICES MR. CHIRAG KOTHARI – CHIEF FINANCIAL OFFICER – PRUDENT CORPORATE ADVISORY SERVICES MR. PARTH PAREKH – HEAD INVESTOR RELATIONS – PRUDENT CORPORATE ADVISORY SERVICES MODERATOR: MR. SWARNABHA MUKHERJEE -- 360 ONE CAPITAL Page 1 of 16 Prudent Corporate Advisory Services October 29, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Prudent Corporate Advisory Services Q2 FY27 Earnings Conference Call hosted by 360 ONE Capital. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Swarnabha Mukherjee. Thank you, and over to you, Mr. Mukherjee. Swarnabha Mukherjee: Thank you. Good morning, everyone. Welcome to the Q2 FY27 results conference call of Prudent Corporate Advisory Services Limited. To give a brief update on the results and address investor questions, we have the management of Prudent Corporate Advisory Services Limited, represented by Mr. Sanjay Shah, Chairman and Managing Director; Mr. Shirish Patel, Chief Executive Officer; Mr. Chirag Shah, Non-Executive Director; Mr. Chirag Kothari, Chief Financial Officer; and Mr. Parth Parekh, Head, Investor Relations. Now I would like to request the management to start with the opening comments, post which we can open the floor for Q&A. Thank you, and over to you, sir. Sanjay Shah: Thank you, Swarnabha. So good morning, everyone. I extend a very warm welcome to all of you for joining our Q2 FY27 earnings call. Thank you for taking time to be with us today. I hope you have the investor presentation handy as we'll be referring to it during the course of the discussion. Straight, let us go to Slide 49, which highlights our AUM growth for the quarter. So if you look at Slide 49, on the right-hand side, we have shown the trend in quarterly average AUM. The sharpest part of market correction has came in last few weeks of October. So after the September quarter has ended. As a result, quarterly AUM of Q2 FY27 remained strong at INR1.43 lakh crores. This was up by 8% sequentially and 21% year-on-year. If you look at on the left-hand side, we have compared the average AUM for first half of FY27 with our current AUM. Historically, current AUM at this point in the year has been higher than the first half. This has usually provided a favorable base for growth in the second half. This year, sharp market correction has brought our current AUM more or less at par with the first half average AUM of INR1.38 lakh crores. So it is now slightly below our first half of average of INR1.38 lakh crores. Now let us move to Slide 50, which shows the movement in our equity AUM on a year-on-year basis and on a quarter-on-quarter basis. Now let me begin with the year-on-year trend on the left-hand side. Equity AUM has increased from INR1.17 lakh crores in September 2025 to INR1.37 lakh crores in September 2026. This is a growth of 16.2% or nearly INR19,100 crores. Around 80% of this growth came from net sales, supported by strong SIP flows. So despite the weak market environment, mark-to- market impact on our equity AUM was positive at 2.9%. Over the same period, NIFTY 50 has declined by 8.1% and NIFTY 500 has declined by 2.9%. Page 2 of 16 Prudent Corporate Advisory Services October 29, 2026 Major reason of our outperformance is due to consistent SIP inflows, which help investors benefit from the market volatility, supported by thoughtful fund selection and portfolio construction by our distributors. Together, these factors reflect the distributors' alpha over the market by our network, which continues to deliver better for the investors. On the right-hand side, we show the quarter-on-quarter movement. Despite a negative mark-to- market impact of INR1,867 crores, our Equity AUM grew by 1.7% sequentially. We recorded net sales of INR4,137 crores during the quarter. This is the highest quarterly net sales in our history. Now please move to Slide 51. It highlights our SIP performance. So as of September 2026, our monthly SIP book stood at INR1,272 crores a growth of 17.2% over last one year. Our SIP collections are growing faster than the market. As a result, our share of SIP contribution has increased from 3.49% in September 2025 to 3.73% in September 2026. Our market share in equity-oriented AUM, excluding ETF, has also improved. It rose from 2.59% to 2.7% over the same period. This reflects strong net sales and the distributors alpha generated by our MFD. Now let us come to the most important part, which is the financial results. So let us move to Slide 54. It presents our consolidated financials. On the quarterly average AUM, as I already told you, our quarterly AUM grew by 7.9% sequentially and mutual fund revenue grew faster at 9.4%. This faster revenue growth was primarily due to 1 additional revenue day compared with the previous quarter. MF yield otherwise has remained very, very stable between 88 to 89 basis points during the quarter. Our insurance revenue grew by a strong 35% sequentially. This was supported by fresh premium growth of 54% in general insurance and 37% in life insurance. On a Y-o-Y basis, Life and GI fresh premium were up by 45% and 62%, respectively. Now moving to our other financial and nonfinancial products, the revenue of which grew by 14% sequentially. This growth was primarily driven by our PMS vertical. distribution of PMS product. Average PMS AUM grew by 37% year-on-year, and now it stands around INR2,020 crores. Given the strong performance across all our businesses, our revenue from operations grew by 11.8% sequentially. Operating profit grew at a much faster pace of 15.4% sequentially on account of operating leverage and operating margin, which has been expanded by 80 basis points to 26.4%. Other income has declined during the quarter. Higher bond yield created a mark-to-market drag on the debt portfolio. The hybrid portfolio also saw a reversal of earlier mark-to-market gain. As a result, other income fell by around 82% sequentially from INR20.8 crores in previous quarter to INR3.8 crores in the current quarter. And because of that, our reported profit after tax was at INR71.7 crores, which was down by 4.1% compared to the previous quarter. I would ask you to separate that from the operating performance because they tell a very different story. If we set aside our other [Showing first 8,000 characters — download PDF for full document]