Earnings Review
UTI AMC Q1 PAT largely unchanged as revenue stays flat
This story was originally published at 21:04 IST on 22 July 2026
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--UTI AMC Apr-Jun net profit INR 2.18 bln
--Analysts saw UTI AMC Apr-Jun net profit INR 2.04 bln
--UTI AMC Apr-Jun revenue INR 4.38 bln
--Analysts saw UTI AMC Apr-Jun revenue at INR 3.99 bln
--UTI AMC Apr-Jun net profit INR 2.18 bln vs INR 2.16 bln year ago
--UTI AMC Apr-Jun revenue INR 4.38 bln vs INR 4.37 bln year ago
--UTI AMC group AUM INR 20.57 tln on Jun 30 vs INR 21.93 tln year ago
--UTI AMC systematic investment plan AUM INR 455.95 bln on Jun 30, up 8% YoY
--UTI AMC Apr-Jun mutual fund fee income INR 3.04 bln, up 1% on year
By Radhika Tiwari
MUMBAI – UTI Asset Management Company Ltd.'s net profit was largely unchanged year-on-year in the June quarter as revenue and expenses remained broadly stable.
The asset management company reported a net profit of INR 2.18 billion in the June quarter, almost flat from a year ago but up six and a half times on quarter. The sequential increase in net profit was because of a 43% fall in expenses and a 38% increase in revenue. The net profit was marginally above the analysts' estimate of INR 2.04 billion.
Total expenses fell to INR 1.52 billion in the June quarter from INR 2.68 billion a quarter ago. Revenue from operations rose to INR 4.38 billion from INR 3.17 billion in the March quarter. The company's revenue was sharply above the analysts' estimate of INR 3.99 billion.
The company's assets under management fell to INR 20.57 trillion as on Jun. 30, down more than 6% from INR 21.93 trillion a year ago. The assets under systematic investment plans of UTI Asset Management at the end of June were INR 455.95 billion, up 8% on year. Fee income of the mutual fund rose marginally to INR 3.04 billion in the reporting quarter.
The company's employee benefit expenses for the June quarter fell 8% on year to INR 920 million from INR 1.01 billion a year ago. Its interest income fell nearly 5% to INR 80.4 million from INR 84.2 million a year ago.
"We have delivered steady growth across our core businesses while strengthening the quality of our franchise through higher equity mix, sustained SIP (systematic investment plan) momentum, expanding digital engagement and disciplined investment strategies," Vetri Subramaniam, managing director and chief executive officer, said in a press release.
The company is the investment manager to UTI Mutual Fund.
Wednesday, the company's shares closed at INR 909.55 on the National Stock Exchange, down 1% from Tuesday. The company declared its earnings after market hours. End
Edited by Saji George Titus
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