Earnings Review
UTI AMC PAT dn on sharp fall in net gain on fair value
This story was originally published at 17:54 IST on 18 October 2025
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--UTI AMC Jul-Sept net profit INR 1.66 bln rs
--Analysts saw UTI AMC Jul-Sept net profit INR 1.74 bln
–-UTI AMC Jul-Sept net profit INR 1.66 bln vs INR 2.01 bln year ago
--UTI AMC Jul-Sept revenue INR 3.90 bln vs INR 4.17 bln year ago
--UTI AMC Apr-Sept net profit INR 3.82 bln vs INR 3.87 bln year ago
--UTI AMC Apr-Sept revenue INR 8.27 bln vs INR 8.03 bln year ago
By Eshitva Prakash
MUMBAI – UTI Asset Management Co. Ltd. Saturday reported a year-on-year fall in net profit for the September quarter owing to a fall in total revenue. The fall in revenue and in net profit was driven by a large on-year decline in net gain on fair value changes. The company slightly missed analysts' estimate of a net profit of INR 1.74 billion.
UTI Asset Management Co.'s standalone net profit for the September quarter was INR 1.66 billion, down over 17% on year and more than 23% on quarter. The company's net gain on fair value changes fell 85% on year and 87% on quarter to INR 154 million. Its total revenue fell nearly more than 6% on year and nearly 11% on quarter to INR 3.90 billion. Analysts had expected UTI Asset's net profit to fall sequentially owing to adverse mark-to-market losses for equity investments and lower yields.
The asset management company's employee benefit expenses rose nearly 43% on year and 35% on quarter to INR 1.35 billion in Jul-Sept, which led to a 32% on-year and 28% on-quarter increase in total expenses to INR 1.97 billion. However, the tax outgo fell to INR 276.90 million from INR 676.10 million in the corresponding year-ago quarter and INR 682.10 million in the trailing quarter.
The company's total assets under management rose to INR 22.42 trillion as of Sept. 30 from INR 21.93 trillion reported on Jun. 30. UTI Mutual Fund's quarterly average assets under management were INR 3.78 trillion in the same period. The core profit after tax of UTI Asset for the September quarter, which excludes marked-to-market gains, income from sale of investments, and other non-operating income, came in at INR 1.04 billion, down 11% on year. Excluding the impact of the family pension revision, this metric was at INR 1.24 billion, up 7% on year and 5% on quarter, according to the company's press release.
For the six months ending Sept. 30, the company's revenue grew nearly 3% on year to INR 8.27 billion, but its net profit fell marginally to INR 3.82 billion. Net gains in fair value for this period fell over 35% to nearly INR 1.31 billion and total expenses grew nearly 21% to INR 3.51 billion, led by an almost 27% rise in employee benefit expenses to INR 2.36 billion.
Friday, shares of the company closed nearly 2% higher at INR 1,401.80 on the National Stock Exchange. The company announced its financial results Saturday. End
Edited by Rajeev Pai
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