UTI Asset Management Company Ltd. News and Updates

Name: Latest research reports of UTI Asset Management Company Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: UTI Asset Management Company Ltd.
Rating: 4
Author: ICICI Securities Limited

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UTI Asset Management Company Ltd.

26 Jul 2023

1056.20

1.05%

UTI Asset Management Company Results Earnings Call for Q1FY24

Conference Call with UTI Asset Management Company Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.

audio

UTI Asset Management Company Ltd.

26 Jul 2023

1056.20

1.05%

to see Rapid results content

UTI Asset Management Company Ltd.

01 May 2023

1056.20

1.05%

Yields as well as cost pressures impact profits

Accumulate: UTI Asset Management Compa...

Target

ICICI Securities Limited

UTI AMC’s (UTI) Q4FY23 performance was weak due to higher other expenses, and dip in AUM and operating revenue yields. Our thesis of employee cost rationalisation and better-than-peer growth driven by diversification (20% total revenues from non-MF businesses) remains valid.

UTI Asset Management Company Ltd. is trading below its 100 day SMA of 1091.2

UTI Asset Management Company Ltd.

28 Apr 2023

1056.20

1.05%

UTI ASSET MANAGEMENT

Buy: UTI Asset Management Compa...

Prabhudas Lilladhar

UTI Asset Management.. has an average target of 1424.67 from 3 brokers.

UTI Asset Management Company Ltd.

28 Apr 2023

1056.20

1.05%

UTI AMC (BUY): Weak set of numbers

Buy: UTI Asset Management Compa...

Target

BOB Capital Markets Ltd.

Equity outflows coupled with softer yields dampened Q4; core PAT flat YoY at Rs 571mn, well below our estimate

UTI Asset Management Company Ltd. is trading below its 100 day SMA of 1091.2

UTI Asset Management Company Ltd.

27 Apr 2023

1056.20

1.05%

UTI Asset Management Company Results Earnings Call for Q4FY23

Conference Call with UTI Asset Management Company Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

UTI Asset Management Company Ltd.

27 Apr 2023

1056.20

1.05%

to see Rapid results content

UTI Asset Management Company Ltd.

26 Apr 2023

1056.20

1.05%

UTI AMC's profit after tax soars 59% to Rs 86 cr in March quarter

Business Standard

UTI Asset Management Company (AMC) on Wednesday reported 59 per cent jump in profit after tax (PAT) at Rs 86 crore for the three months ended March 2023. In comparison, the company posted a PAT of Rs 54 crore for the same quarter a year ago, UTI AMC said in a regulatory filing. Total income grew marginally to Rs 309 crore in the quarter under review from Rs 305 crore in January-March 2021-22. The company's board recommended a final dividend of Rs 22 per share for FY23 as against Rs 21 per share for FY22. The final dividend for FY23 is subject to approval of shareholders. As of March 2023, UTI AMC's assets under management stood at Rs 15.56 lakh crore. "As the brand UTI is completing six decades of being a front runner in promoting the development of the financial sector, we remain steadfast in our commitment towards our stakeholders. Our focus on offering innovative and customized solutions that cater to the diverse needs of our investors has been instrumental in our success over

UTI Asset Management Company Ltd. is trading above its 50 day SMA of 1013.8

UTI Asset Management Company Ltd.

03 Feb 2023

1056.20

1.05%

Cost rationalisation on track; yield overhang remains in line with systemic trend

Accumulate: UTI Asset Management Compa...

Recommendation Target

ICICI Securities Limited

UTI AMC’s (UTI) Q3FY23 performance is on track to achieve Rs5bn/5.6bn EBITDA ex other income in FY23/24E. Our thesis of employee cost rationalisation and better-than- peer growth driven by diversification (20% total revenue from non-MF businesses) remains valid.