ICICI Prudential Asset Management Company Limited CC-Jul26.pdf · 2026-07-13
Thank you. The first question is you know hopping back again on the staff cost. So, excluding the ESOP charge that would have been recognized in the quarter, I mean barring the appraisals which generally are chunky in nature or quarterly in nature, staff cost logically should rationalize, right, in the coming quarters?
No, I understand the base which you had anyway explained I think in the last qua rter. What I'm trying to get at is after Q1 of 2026, right, there was a moderation in staff cost sequentially which I believe was related to the appraisals which happened in Q1. So, if you look at Q2, 2026 over Q1, 2026 or Q3 over Q2, so there was some there was some moderation?