• Mutual fund yields: Average yields compressed by 2.8 basis points from 91.2 bps to 88.4 bps due to SEBI regulatory changes, but management expects yields to stabilize at 88 basis points for the foreseeable future.
• Mutual fund revenue: Management conservatively projects full-year mutual fund top-line growth of over 20%, underpinned by an AUM of approximately ₹1,40,000 crore and a monthly SIP book of ₹1,240 crore representing a 3.8% market share.
• Insurance business growth: Following a seasonal 35% sequential revenue decline, full-year health insurance book and premium collections are projected to grow 40% to 45%, with overall insurance revenue expected to increase by at least 30%.
• Financial performance: While quarterly revenue dropped 4% sequentially due to insurance seasonality and yield compression, year-on-year revenue grew 18.3% and operating margins expanded 32.4%, with PAT rising over 26% aided by ₹21 crore in other income.