• Operating performance: Quarterly average AUM reached ₹12.6 trillion with operating income rising 17% and sequential net profit jumping 37%, aided by an industry-best cost-to-income ratio of 17.5%.
• SIP and yields: Operating yields increased by roughly 2 basis points quarter-on-quarter, supported by steady monthly SIP inflows of ₹4,000 crore, adding 16 lakh new SIPs to reach a ₹2.06 trillion SIP AUM base.
• Alternatives and PMS: Alternative assets grew 29% to ₹6,800 crore, with management aiming to scale capabilities and pipeline to become one of the largest listed AIF asset managers by 2030.
• Long-term profit target: A net profit target of ₹5,000 crore by FY28 is considered achievable if market momentum holds, backed by a ₹600,000 crore equity-oriented asset base expanding at 10–12%.