UTI Asset Management Company Limited (UTI AMC), a leading player in the asset management sector, has announced its financial results for the quarter ended December 31, 2024, showcasing robust growth in revenue and profits.
Key Financial Highlights (Consolidated)
- Revenue from Operations: ₹375.39 crore, a 29.4% increase year-on-year (YoY) from ₹289.99 crore in Q3 FY24.
- Net Profit: ₹173.59 crore, up 15.2% YoY from ₹150.69 crore in the same quarter last year.
- Total Income: ₹380.21 crore, a 28.6% increase YoY from ₹295.37 crore.
- Earnings Per Share (EPS): ₹11.74, compared to ₹11.83 in Q3 FY24.
Segment-Wise Performance
- Domestic Segment: Revenue rose to ₹339.58 crore, reflecting strong demand for the company’s mutual fund and portfolio management services.
- International Segment: Revenue increased to ₹35.81 crore, driven by steady contributions from global operations.
Operational Highlights
- Expenses: Total expenses for the quarter stood at ₹199.28 crore, reflecting an increase due to higher employee benefits and other operational costs.
- Employee Benefits: Expenses increased to ₹112.77 crore, up from ₹105.31 crore in Q3 FY24.
- Other Expenses: ₹71.35 crore, compared to ₹70.42 crore YoY.
Nine-Month Performance (April to December 2024)
- Total Revenue: ₹1,359.20 crore, a 29.4% YoY growth from ₹1,050.30 crore.
- Net Profit: ₹644.03 crore, up 15.3% from ₹558.77 crore in the same period last year.
Imtiyazur Rahman, Managing Director & CEO of UTI AMC, stated, “Our strong performance reflects our continued focus on providing value to investors and maintaining operational excellence. We remain committed to driving growth through innovation and expanding our footprint in both domestic and international markets.”
During the quarter, the company issued 4,36,450 equity shares under its stock options scheme. The company’s robust financial position continues to support its leadership in the asset management sector.
With steady growth in assets under management and a diversified portfolio of offerings, UTI AMC is well-positioned to maintain its growth trajectory in the coming quarters.
