Transcript of the conference call for unaudited financial results for the quarter ended June 30, 2026.

Date: 31.07.2026 To, To, The National Stock Exchange of India BSE Limited, Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra – Kurla Complex, Mumbai- 400 001 Bandra (E), SCRIPT CODE: 543527 Mumbai – 400 051 NSE EQUITY SYMBOL: PRUDENT ISIN: INE00F201020 Sub.: Transcript of the Conference Call for Un-Audited Financial Results for the Quarter ended June 30, 2026. With reference to our earlier intimation dated July 21, 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 July 27, 2026 in respect of the Un-Audited Financial Results for the Quarter ended June 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 Chauhan Company Secretary Membership No: FCS-13492 Encl.: As Stated “Prudent Corporate Advisory Services Limited Q1 FY27 Earnings Conference Call” July 27, 2026 MANAGEMENT: MR. SANJAY SHAH – CHAIRMAN AND MANAGING DIRECTOR – PRUDENT CORPORATE ADVISORY SERVICES LIMITED MR. SHIRISH PATEL – CHIEF EXECUTIVE OFFICER AND WHOLE TIME DIRECTOR – PRUDENT CORPORATE ADVISORY SERVICES LIMITED MR. CHIRAG SHAH – NON-EXECUTIVE DIRECTOR – PRUDENT CORPORATE ADVISORY SERVICES LIMITED MR. CHIRAG KOTHARI – CHIEF FINANCIAL OFFICER – PRUDENT CORPORATE ADVISORY SERVICES LIMITED MR. PARTH PAREKH – HEAD, INVESTOR RELATIONS – PRUDENT CORPORATE ADVISORY SERVICES LIMITED MODERATOR: MR. LALIT DEO – EQUIRUS SECURITIES PRIVATE LIMITED Page 1 of 13 Prudent Corporate Advisory Services Limited July 27, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Prudent Corporate Advisory Services Q1 FY27 Earnings Conference Call, hosted by Equirus Securities. 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 touch-tone phone. Please note that this conference is being recorded. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of the future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Lalit Deo from Equirus Securities. Thank you, and over to you, Mr. Deo. Lalit Deo: Yes. Good afternoon, everyone. Welcome to the 1Q FY27 results con-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, CEO and Whole Time Director; Mr. Chirag Shah, Non-Executive Director; Mr. Chirag Kothari, CFO; and Mr. Parth Parekh, Head, Investor Relations. Now we would 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, Lalit, and good afternoon, everyone. I extend a very warm welcome to all of you for joining Prudent's Q1 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 the investor presentation during the course of this discussion. So to start with, please move to Slide 49 which highlights the momentum in our AUM growth. So if you look at on the left-hand side of the slide, you'll see there are 2 bars. The first bar shows our daily average AUM for entire FY26, while the second bar shows our current AUM. So during FY26, we earn our revenue on an average AUM of around INR1.21 lakh crores. While today, our AUM stands at roughly about INR1.4 lakh crores. So this represents a growth of nearly 16%. Since our current AUM is well above FY26 average AUM, it provides a healthy revenue tailwind for the rest of FY27. On the right-hand side of the slide, if you see, it provides a trend in our quarterly average AUM. In first quarter of FY27, our average AUM stood at INR1.33 lakh crores. This represents a sequential growth of 4% and a healthy year-on-year growth of 21%. Now please move to Slide 50. This slide shows the movement in our equity AUM on both year-on-year and quarter-on-quarter basis. Now let us begin with year-on-year trends shown on the left-hand side of the slide. Page 2 of 13 Prudent Corporate Advisory Services Limited July 27, 2026 Our equity AUM grew by 18% from INR1.14 lakh crores in June 2025 to INR1.34 lakh crores in June 2026. This represents an increase of nearly INR20,000 crores. Importantly, a significant part of this growth came from new money. This was supported by strong SIP flows and the acquisition of Indus. Another key takeaway is that despite a weak market environment, our equity AUM generated a positive mark-to-market gain of 2.9%, while during the same period, NIFTY 50 declined by 6.5% and NIFTY 500 declined by 2.6%. Major reason of our outperformance is due to consistent SIP flows, which helped investors benefit from market volatility, supported by thoughtful fund selection and portfolio construction by our distributors. Together, these factors demonstrate that our distributors are able to generate distributor alpha consistently. Now coming to quarter-on-quarter view on the right-hand side of the slide. Our equity AUM grew by 16.4% during the quarter. A significant part of this growth came from recovery in equity market, which resulted in a mark-to-market gain of INR15,175 crores. At the same time, our net sales remained resilient at INR3,790 crores. This represents a healthy 50% year- on-year growth. Now please move to Slide 51. This slide highlights our SIP performance. As on June 2026, our monthly SIP book stood at INR1,203 crores. The momentum has continued in July. Our monthly SIP book has further increased to around INR1,240 crores when I'm talking to you. This gives us confidence that SIP accretion remains on a healthy trajectory. Coming to SIP collection numbers, which we started reporting. In the March collection of INR1,170 crores, it included INR35 crores of SIP, which were originally due at the end of February. Since 28th February was on Saturday, all SIP scheduled on 28th to 31st of the month were processed on 2nd March. So excluding this impact, our March collection would have been INR1,135 crores. Against this adjusted base, our June SIP collections stood at INR1,147 crores. This reflects stable and the healthy collection momentum. Now let me turn you to Slide 54, which talks about our consolidated financial numbers. So, our quarterly average AUM on a Y-o-Y basis grew by 20.8%. However, mutual fund revenue grew at a slower pace of 17.9%. This is mainly due to regulatory changes, which has been implemented from April 2026. These changes had an impact of around 2.8 basis points on our gross yield. As a result, our gross yield has now settled at around 88 basis points. The yield on our new business is tad higher than our yield on the existing book. With the regulatory changes now behind us, we believe we are well poised to maintain our gross yield at around 88 basis points. Our insurance revenue grew by a healthy 20.6% on a year-on-year basis. Within the life insurance, our fresh premium grew by 73.4% year-on-year. This was led by strong growth in participating plans, which grew by 100% and ULIP category, which grew by Page 3 of 13 Prudent Corporate Advisory Services Limited July 27, 2026 82%. Our general insurance, specifically health insurance business continued to perform well with total premium growing by 36.8% year-on-year. Now moving to our other financial and non [Showing first 8,000 characters — download PDF for full document]