Earnings Review
Mark-to-market losses take UTI AMC's PAT to lowest in 5 yrs
This story was originally published at 20:49 IST on 23 April 2026
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--UTI AMC Jan-Mar net profit INR 337.20 mln
--UTI AMC Jan-Mar revenue INR 3.17 bln
--UTI AMC Jan-Mar net profit INR 337.20 mln vs INR 1.24 bln year ago
--UTI AMC Jan-Mar revenue INR 3.17 bln, marginally up on year
--UTI AMC to pay INR 40 per share final dividend
--UTI AMC FY26 net profit INR 5.40 bln vs INR 6.54 bln year ago
--UTI AMC FY26 revenue INR 14.76 bln vs INR 14.49 bln year ago
By Meera Nair
MUMBAI – Despite growth in total income, loss due to fair value changes weighed on UTI Asset Management Co. Ltd's net profit for the quarter ended March. The company's net profit of INR 337.20 million for the reporting quarter, down nearly 73% on year and on quarter, was the lowest in at least five years. The bottom line of the company was also lower than the Street's view of INR 991.63 million for the quarter.
The asset management company's revenue from operations was INR 3.17 billion, nearly flat on year and down 25% on quarter from INR 4.23 billion in the December quarter. The firm's total income for the quarter, at INR 3.31 billion, was up 4% on year.
Meanwhile, the net loss on fair value changes for the company, often known as the paper loss or mark-to-market loss, was INR 917.3 million. The mark-to-market loss on the asset manager's investment book was in line with the analysts' expectations.
The paper loss weighed on the company's total expenses, taking it to INR 2.68 billion, up over 79% on year and nearly 71% on quarter. Other expenses of the company also increased nearly 31% on year to INR 554 million. Sequentially, other expenses were up 41%. The employee benefits expense rose nearly 14% on year to INR 1.02 billion. Sequentially, it was up nearly 3%.
For the financial year 2025-26 (Apr-Mar), the asset manager's net profit fell 17% to INR 5.40 billion, from INR 6.54 billion a year ago. Its revenue from operations was INR 14.76 billion in FY26, nearly 2% higher than last year. Meanwhile, total expenses surged 17% to INR 6.84 billion, which included a one-time impact of INR 1.09 billion from new labour codes notified in November and the revision in family pension as part of the voluntary retirement scheme settlement.
The asset management company also proposed a final dividend of INR 40 per share for the financial year ended March. Thursday, shares of the company closed 2.7% lower at INR 1,035.65 on the National Stock Exchange. The company declared its earnings after market hours. End
Edited by Deepshikha Bhardwaj
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