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UTI AMC Q2FY23 PAT up 0.89% at Rs200.5 crore as higher deferred tax liability subdues profit growth

25 Oct 2022 , 09:02 PM

UTI AMC reported 14.83% growth in total revenues for the September 2022 quarter on consolidated basis at Rs439.92cr.

Revenue growth was 43.77% in sequential terms. The top line got a boost from the net gains on fair value changes in the quarter on the back of rising asset values.

However, the basic income from asset management fees remained almost constant a midst falling fund management fees in percentage terms.

Its overall AUM touched Rs14.45 trillion with core AUM of Rs2.34 trillion. NPA AUM market share is 27.2%.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 0.89% at Rs200.50cr and it was 112.37% higher on sequential basis.

The profit on sequential basis got a boost from the net change in fair value in the latest quarter. EBITDA grew at 10% while the core EBITDA grew at 5% yoy.

It had total live folios of 1.21 crore and SIP gross sales of Rs1,589 crore in the quarter. ETF and Index AUM stands at Rs75,454 crore. Net profit margins at 45.6% in Q2FY23 are lower compared to 51.9% in Q2FY22 but better than 30.9% in Q2FY23.

Financial highlights for Sep-22 compared yoy and sequentially

UTI AMC
Rs in Crore Sep-22 Sep-21 YOY Jun-22 QOQ
Total Income (Rs cr) ₹ 439.92 ₹ 383.12 14.83% ₹ 305.99 43.77%
Net Profit (Rs cr) ₹ 200.50 ₹ 198.74 0.89% ₹ 94.41 112.37%
Diluted EPS (Rs) ₹ 15.79 ₹ 15.62 ₹ 7.43
Net Margins 45.58% 51.87% 30.85%

Related Tags

  • Fund Management Sector
  • Q2 FY2023 results of UTI AMC
  • UTI AMC management
  • UTI AMC news
  • UTI AMC Q2
  • UTI AMC Q2FY23 Fund Management business
  • UTI AMC Q2FY23 PAT
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