Earnings Review
Rise in expenses drags down UTI AMC's Jan-Mar PAT by 46%
This story was originally published at 22:19 IST on 29 April 2025
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--UTI AMC Jan-Mar net profit INR 1.24 bln
--Analysts saw UTI AMC Jan-Mar net profit INR 1.34 bln
--UTI AMC Jan-Mar net profit INR 1.24 bln vs INR 1.51 bln year ago
--UTI AMC Jan-Mar revenue INR 3.17 bln vs INR 3.27 bln year ago
--UTI AMC Jan-Mar consol net profit INR 874.6 mln vs INR 1.63 bln year ago
--UTI AMC Jan-Mar consol revenue INR 3.76 bln vs INR 4.16 bln year ago
--UTI AMC FY25 consol net profit INR 7.31 bln vs INR 7.66 bln year ago
--UTI AMC FY25 consol revenue INR 18.51 bln vs INR 17.37 bln year ago
--UTI AMC to pay INR 26 per share final dividend
--UTI AMC to pay INR 22 per share special dividend
By Srijita Bose
MUMBAI – UTI Asset Management Co. Ltd.'s consolidated net profit for Jan-Mar fell nearly 46% on year to INR 874.6 million due to a rise in total expenses. Quarter-on-quarter, the company's net profit fell 41%. On a standalone basis, the net profit of the company fell nearly 18% to INR 1.24 billion. Analysts had estimated the company's net profit at INR 1.34 billion for the quarter.
Despite a drag in profit, the board of the asset management company announced a final dividend of INR 26 per share for the financial year ended Mar. 31 along with a special dividend of INR 22 per share.
The asset management company incurred a rise in other expenses of 14% to INR 801 million that took its overall expenses by nearly 10% to INR 2.22 billion for the quarter ended Mar. 31. The company's consolidated revenue from operations fell nearly 10% to INR 3.76 billion for the quarter. On a standalone basis, the company's revenue fell 3% to INR 3.17 billion. The tax outgo rose by 42% at INR 520 million, rising 9% sequentially.
Interest income of the fund house rose 38% on year to INR 120 million for the quarter. However, the company reported no other income for the quarter, likely due to the correction in the equity market amid fears of tariffs by the US, which analysts had expected to pull down its net profit.
For 2024-25 (Apr-Mar), the consolidated net profit of the company attributable to owners of the company fell 4.5% to INR 7.31 billion. The revenue of the company for FY25 rose 6.6% to INR 18.51 billion.
Assets under management for the company stood at INR 21.05 trillion as of Mar. 31, rising 13.9% on year. The company's quarterly average assets under management were INR 3.40 trillion as on Mar. 31. Equity assets, both active and passive, contributed 69% to the fund house's total average assets under management, the company said in its press release. Gross inflow mobilised through systematic investment plan for the quarter ended March stood at INR 22.15 billion. Assets under management of the systematic investment plan stood at INR 375.91 billion as of Mar. 31, up 22.3% on year.
The company announced the financial results after market hours on Tuesday. On the National Stock Exchange, shares of the company closed 0.6% lower at INR 1,075.40. End
Edited by Akul Nishant Akhoury
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