ICICI Prudential Mutual Fund purchased 15,295 shares of Ethos on May 7, 2025. Through its different schemes, it previously acquired 5,54,721 shares of the company on December 9, 2022. Currently, ICICI Prudential Mutual Fund holds a 7.06% ownership stake in Ethos.
“The fund under its schemes has carried out net acquisition of 15,295 shares of the company on May 7, 2025. As a result, the shareholding of the fund has increased by more than 2% of the paid-up capital of the company as compared to previous disclosure on December 09, 2022 for 5.03%,” said ICICI Prudential Asset Management company in an exchange filing.
According to the exchange filing, the total acquisition occurred between December 9, 2022, and May 7, 2025.
Recently, Ethos announced its results for the fourth quarter, revealing a revenue increase of 23.3% year-on-year to ₹311.31 crore, up from ₹252.52 crore in Q4 FY24. EBITDA saw a rise of 32.3%, reaching ₹47.59 crore compared to ₹36 crore previously, while the operating margin improved from 14.2% to 15.3% during the same period last year.
The net profit grew by 8.1% to ₹22.74 crore, impacted by a significant increase of 33.1% in depreciation expenses, totaling ₹16.9 crore, as per reports.
