Asset Management Cos. company UTI Asset Management Company announced H1FY25 & Q2FY25 results Q2FY25 Fiinancial Highlights: Revenue from opera0ons for the July-September quarter stood at Rs 538 crore, up by 33% YoY and 2% QoQ. The core revenue from opera0ons for Q2FY25 consisting entirely of sale of services amounted to Rs 373 crore, up by 28% YoY and 11% QoQ. Profit before tax for the second quarter of FY25 was at Rs 336 crore, up by 53% YoY and down by 1% QoQ. Core Profit before tax was Rs 169 crore for Q2FY25, up by 59% YoY and 17% QoQ. The quarterly profit after tax stood at Rs 239 crore in Q2FY25, up by 31% YoY and down by 6% QoQ. The core profit aCer tax for the second quarter (excluding income from investments and other nonoperating income) was Rs 132 crore, up by 50% YoY and 14% QoQ. H1FY25 Fiinancial Highlights: Revenue from operations for the H1FY25 stood at Rs 1,068 crore, up by 22% YoY. The core revenue from operations for H1FY25 consisting entirely of sale of services amounted to Rs 710 crore, up by 24% YoY. Profit before tax for the H1FY25 was at Rs 677 crore, up by 33% YoY. Core Profit before tax was Rs 313 crore for H1FY25, up by 50% YoY. The Profit aCer tax stood at Rs 493 crore in H1FY25, up by 18% YoY The core profit aCer tax for the half year (excluding income from investments and other nonoperating income) was Rs 248 crore, up by 45% YoY. Business Highlights: The total group AUM for UTI Asset Management Company stood at Rs 20,16,416 crore. As on 30th September 2024, UTI MF’s quarterly average assets under management (QAAUM) was Rs 3,42,549 crore. Equity Assets (Active + Passive) contributed 71% to UTI MF’s total average AUM. The ratio of equity oriented QAAUM and non-equity oriented QAAUM was 71:29 vis-a-vis industry ratio of 61:39. Gross Inflow mobilized through SIP for the quarter ended Q2FY25, stood at Rs 2,058 crore. SIP AUM as of quarter end stood at Rs 39,882 crore, an increase of 50.26% as compared to Q2FY24. Total live folios stood at 1.29 crore as on Q2FY25. Digital purchase transactions rose to 44.71 lakh, an increase of 43.80% as against quarter ended Q2FY24. UTI AMC has geographical presence in 700 districts in India, amongst the highest in the industry. Imtaiyazur Rahman, Managing Director & Chief Execu9ve Officer, UTI AMC said: "India has been soaring high owing to a steady economic progress, robust growth, strong domestic demand, rising working population coupled with a rising tech wave. IMF’s projection for a 7% growth rate for FY25 signifies the resilience with which the nation has been paving its way to be one of the most powerful economies in the world. Keeping up on the momentum, Indian mutual fund industry continues to showcase remarkable growth, with Average AUM reaching Rs 66.22 lakh crore, reflecting strong investor confidence across the country. The increasing partcipation from smaller cities, with over 50% of new investor folios coming from beyond major urban centres, highlights the expanding reach of mutual funds and their role in driving financial inclusion. At UTI AMC, we remain dedicated to offering competitive investment solutions that meet the evolving needs of our investors. The strong inflows into both equity and debt underline mutual funds as a preferred choice for long-term wealth creation. We will continue to focus on sustainable growth and creating value for our stakeholders, contributing to India's economic journey." Result PDF
UTI Asset Management Company announced Q1FY25 results: Financial Highlights: Revenue from operations for the April-June quarter stood at Rs 529 crore, up by 13% YoY and 27% QoQ. The core revenue from operations for Q1FY25 consisting entirely of sale of services amounted to Rs 337 crore, up by 19% YoY and 6% QoQ. Profit before tax for the first quarter of FY25 was at Rs 341 crore, up by 18% YoY and 56% QoQ. Core Profit before tax was Rs 144 crore for Q1FY25, up by 41% YoY and 25% QoQ. The quarterly profit after tax stood at Rs 254 crore in Q1FY25, up by 9% YoY and 56% QoQ. The core profit after tax for the first quarter (excluding income from investments and other nonoperating income) was Rs 117 crore, up by 39% YoY and 21% QoQ. The total AUM for UTI Asset Management Company stood at Rs 19,36,107 crore. Business Highlights: As on 30th June 2024, UTI MF’s quarterly average assets under management (QAAUM) was Rs 3,10,697 crore. Equity Assets (Active + Passive) contributed 78% to UTI MF’s total average AUM. The ratio of equity oriented QAAUM and non-equity oriented QAAUM is 78:22 vis-à-vis industry ratio of 71:29. Gross Inflow mobilized through SIP for the quarter ended 30th June 2024, stood at Rs 1,849 crore. SIP AUM as of quarter end stood at Rs 36,095 crore, an increase of 44.84% as compared to 30th June 2023. ~ 69,390 empaneled distribution partners across mutual fund distributors, national distributors and banks, serviced through a total of 190 UFCs, of which 137 are in B30 locations. Total live folios stood at 1.25 crore as on 30th June 2024. Digital purchase transactions rose to 37.84 lakh, an increase of 33.19% as against quarter ended 30th June 2023. UTI AMC has geographical presence in 698 districts in India, amongst the highest in the industry. Commenting on the performance Imtaiyazur Rahman, Managing Director & Chief Executive Officer, UTI AMC said, “In the last few years, Indian economy has shown remarkable resilience and has garnered global recognition. Keeping up with this momentum, Indian mutual fund industry has witnessed robust growth in the recent past making it amongst the most attractive investment avenues. As Indian MF industry surpassed yet another milestone of 60 trillion AUM by the end of June 2024, financial awareness and digitization have played crucial roles in this growth propelling it to unprecedented heights. We, as pioneers, understand the responsibility that we shoulder towards our investors and partners and constantly endeavor to provide them with competitive investment solutions with best-in-class services. We believe that UTI AMC is suitably placed to capitalize on the opportunities in the MF industry’s expanding investment inflows and will continue creating value for our stakeholders backed by sustainable growth”. Result PDF
Conference Call with UTI Asset Management Company Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
UTI Asset Management Company announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations for the January-March quarter stood at Rs 416 crore, up by 37% YoY and down by 7% QoQ. The core revenue from operations for Q4 FY23-24 consisting entirely of sale of services amounted to Rs 318 crore, up by 18% YoY and 10% QoQ. Profit before tax for the fourth quarter of FY23-24 was at Rs 218 crore, up by 86% YoY and down by 16% QoQ. The quarterly profit after tax stood at Rs 163 crore in Q4 FY23-24, up by 90% YoY and down by 12% QoQ. The core profit after tax for the fourth quarter (excluding M2M gains, income from sale of investments and other non-operating income) was Rs 97 crore, up by 70% YoY and 22% QoQ. FY24 Financial Highlights: Revenue from operations for the financial year 2023-24 stood at Rs 1,737 crore, up 37% from FY22-23. The core revenue from operations for FY23-24, consisting of sale of services, amounted to Rs 1,182 crore, up 5% as against FY22-23. Profit before tax for FY23-24 was at Rs 987 crore, up 68% as against FY22-23. Profit after tax stood at Rs 766 crore for FY23-24, up 75% from FY22-23. The core profit after tax for the financial year (excluding M2M Gains, income from sale of investments and other non-operating income) was Rs 345 crore, up 8% as compared to FY22-23. The Board of Directors of the Company has proposed a final dividend of Rs 24 per equity shares and an additional special dividend of Rs 23 per equity share, taking overall final dividend to Rs 47 per equity share for financial year 2023 – 2024. The same is subject to the approval of shareholders at the ensuing Annual General Meeting. Total Assets Under Management for UTI AMC Group was at Rs 18,48,330 crore. Commenting on the performance Imtaiyazur Rahman, Managing Director & Chief Executive Officer, UTI AMC said, “We have always remained steadfast in our commitment towards our stakeholders and investors. There has been a significant improvement in financial literacy amongst investors and the growth in the number of SIP investors in the mutual fund industry in the last year is a testament to this. The measures taken by the regulators have fostered confidence, further contributing to the rising participation of investors in mutual funds. We believe that it is an opportune time for the mutual fund industry as we collectively march towards the national mission of Vikasit Bharat. UTI will strive to partner in this growth through financial inclusivity and investor awareness.” Result PDF