Conference Call with UTI Asset Management Company Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
UTI Asset Management Company Announced Q1FY23 Result : Consolidated net profit for the quarter ended June 30, 2022 is Rs 94 crore UTI MF’s total market share for the Q1 FY 23 was 5.94%, witnessing an increase of 11bps from 5.83% market share for Q4 FY 22. For the quarter ended June 30, 2022, UTI MF’s average assets under management was Rs 2,24,279 crore. For the April-June 2022 quarter, equity oriented assets contributed 70.3% to UTI MF’s total quarterly average AUM. The ratio of equity oriented QAAUM and non-equity oriented QAAUM is 70:30 compared to the industry ratio of 63:37, for the April-June 2022 quarter. For the first quarter of FY 2022-23, Gross Inflow mobilized through SIP stood as Rs 1,550 crore. SIP AUM as of June 30, 2022 stood at Rs 17,788 crore, witnessing a decline of 2.9% as compared to March 31, 2022. During this quarter, digital purchase transactions increased by 3.3% as against quarter ended March 31, 2022, to 29.5 lakh transactions. Digital channel contributed 39.2% to total new purchase transactions. The Core Income for the April-June 2022 quarter stood at Rs 287 crore, growing 10% YoY and slightly down by 3% QoQ basis. Total Revenue from Operations for the quarter was Rs 293 crore, down by 15% YoY and 3% QoQ. The Operating Expenses for Q1 FY 23 were at Rs 162 crore, up 4% YoY and down by 16% QoQ basis. The Core Profit before Tax for the first quarter of fiscal 2023 was at Rs 125 crore, witnessing a growth of 19% YoY and 21% QoQ. The Profit before Tax for this quarter was Rs 106 crore, down by 44% YoY and up 9% QoQ basis. The Core Profit after Tax for the quarter ended June 30, 2022 was Rs 111 crore, witnessed a 29% YoY and 94% QoQ growth. Q1 FY 23 Profit after Tax (PAT) was at Rs 94 crore, down 39% YoY and up by 74% QoQ. Dividend per share has been increased to Rs 21 per share (Final Dividend for FY 22) as against Rs 17 per share (Final Dividend for FY 21). The total Assets Under Management stood at Rs 13,81,545 crore. Commenting on the performance Mr. Imtaiyazur Rahman, Managing Director & CEO, UTI AMC Ltd. said, “Despite the volatility and corrections in the market, the mutual fund industry has observed an increase in investors’ interest. For the first quarter of fiscal 2023, UTI AMC continues to demonstrate a consistent growth in its Assets under Management. We are constantly working towards offering the best services to our patrons and endeavour to grow our business by offering competitive investment opportunities to all our investors.” Result PDF
Conference Call with UTI Asset Management Company Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
UTI Asset Management Company declares Q4FY22 result: Consolidated Net Profit at INR 534 crore for FY2021-22 Total AUM stands at INR 13,48,905 crore Highlights for FY 22: Revenue from Operations for the financial year 2021-22 stood at Rs 1,319 crore, up by 13% from FY 2020-21. The Core Revenue from Operations for FY 22, consisting of Sale of Services, amounted to Rs 1,119 crore up by 39% as against FY 21. Profit Before Tax for FY 22 was at Rs 660 crore, up by 9% as against FY 21. The Core Profit Before Tax for FY 22 (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was Rs 452 crore, up by 91% when compared to FY 21. FY 22 Profit After Tax stood at Rs 534 crore up by 8% from FY 21. The Core Profit After Tax for the financial year (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was Rs 366 crore up by 88% as compared to FY 21. The Board recommended a final dividend of Rs 21 per share for FY 22 as against Rs 17 per share for FY 21. Final dividend for FY 22 is subject to the approval of shareholder at the ensuing Annual General Meeting. Total Assets Under Management for UTI AMC at Rs 13,48,905 crore UTI MF March 2022 Quarterly Average Assets under Management stood at Rs 2,23,842 crore Financial Highlights for Q4 FY 22: Revenue from Operations for the January-March quarter stood at Rs 301 crore up by 4% from the corresponding quarter in FY 21. The Core Revenue from Operations for Q4 FY 22 consisting entirely of Sale of Services amounted to Rs 295 crore up by 25% as against Q4 FY 21. Profit Before Tax for the fourth quarter of FY 22 was at Rs 97 crore down by 36% as against Q4 FY 21. The Core Profit Before Tax for the period (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was Rs 87 crore down by 11% when compared to Q4 FY 21. Q4 FY 22 Profit After Tax stood at Rs 54 crore down by 60% from Q4 FY 21. The Core Profit After Tax for the fourth quarter (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was Rs 48 crore down by 44% as compared to the corresponding quarter of FY 21 UTI MF March 2022 Quarterly Average Assets under Management stood at Rs 2,23,842 crore Commenting on the performance Mr. Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said, “The awareness and acceptance of mutual fund products continued to increase in the last one year thanks to the efforts taken by the industry. UTI AMC looks to provide investment opportunities to investors for their long-term financial goals while managing market volatility. UTI AMC has registered an increase in its Assets under Management in this challenging environment and will continue to strive for growing its business across different asset categories. We remain committed to building the businesby offering suitable mutual fund products and enhanced services to cater to a wide array of investors.” Result PDF
Conference Call with UTI Asset Management Company Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Asset Management firm UTI Asset Management Company declares Q3FY22 result: UTI AMC Group Total Assets Under Management (AUM) is Rs 13,11,414 crore as on December 31, 2021, up by 19% YoY. UTI Mutual Fund Quarterly Average Assets Under Management (QAAUM) stood at Rs 2,24,671 crore for December 2021, up by 36% from December 2020. UTI MF QAAUM has grown at 7.5% during the quarter as compared to 5.5% growth for the MF Industry. For the quarter ended December 31, 2021, Equity Assets (Active + Passive) contributed 70.1% to UTI MF’s Average AUM. For the October-December 2021 quarter, the ratio of equity oriented QAAUM and nonequity oriented QAAUM is 70:30 for UTI MF as against the industry ratio of 60:40. The Core Revenue from Operation for Q3 FY22 (comprising only of Sale of Services) amounted to Rs 282 crore, up by 33% as against Q3 FY21. The Revenue from Operation for the quarter was at Rs. 309 crore, lower by 10% as compared to Q3 FY21. The Core Profit Before Tax (excluding M2M Gain, Income from Sale of Investment and Other Non-Operating Income) for the quarter was Rs. 122 crore, up by 149% as against Q3 FY21. The Profit Before Tax for Q3 FY22 was at Rs 148 Crore, lower by 18% as compared to Q3 FY21. The Profit Before Tax for the 9 month period ended December 2021 was at Rs 563 crore, up by 25% as against the 9 month period ended December 2020. The Core Profit After Tax (excluding M2M Gain, Income from Sale of Investment and Other Non-Operating Income) for Q3 FY22 was at Rs 91 Crore up by 153% as compared to Q3 FY21. The Profit after Tax for the quarter was Rs. 127 Crore, lower by 9%. The Profit After Tax for the 9 month period ended December 2021 was at Rs. 480 crore, up by 33% as against the 9 month period ended December 2020. On the financial results, Mr. Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said, “We have continued our positive momentum in Q3 FY22 with sustained fund performance, robust risk management, and granular distribution network. Given the environment & heightening concerns with the emergence of the new variant, the volatility in the market was one of the factors that could have become a matter of concern for the investors. However, it is encouraging that our fundamental strengths and the experience of our vast talent pool, has provided confidence to investors.” Result PDF
Conference Call with UTI Asset Management Company Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights Q2FY22 Revenue from Operation was at Rs. 380 Crore up by 38% as compared to Q2FY21, which include Sale of Services Rs. 280 Crore up by 41% as compared to Q2FY21 Q2FY22 Operating Expenses was at Rs. 158 Crore up by 21% as compared to Q2FY21 Q2FY22 Profit before Tax was at Rs. 225 Crore up by 53% as compared to Q2FY21. Q2FY22 Profit After Tax was at Rs. 199 Crore up by 67% as compared to Q2FY21 Dividend per share increases to Rs. 17 (Final Dividend for FY 21) as against Rs. 7 (Final Dividend for FY 20) per share. Final Dividend for FY 21 has been approved in the Annual General Meeting held on 28th July,2021 and the same has been paid to the eligible shareholders. Total Assets Under Management of the group is Rs. 12,62,546 Crore UTI AMC September 2021 Quarterly Average Assets under Management stood at Rs. 2,08,971crore. Mr. Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said, ““We have demonstrated growth in AUM for the last four consecutive quarters. UTI AMC is well positioned in its endeavour to continue the growth trajectory. Our strength lies in our talented and competent team, which gives us confidence to achieve our desired results. We shall continue to augment our processes and our team as and when required.” “It is encouraging that retail Investors continue to show keen interest in mutual funds. On the monetary policy, the RBI has maintained its outlook and support for a strong growth in the current fiscal. The key economic indicators are optimistic, which bodes well for the Indian economy and the mutual fund industry” he added Result PDF