InvestorQ : How did UTI AMC perform in the Mar-22 quarter this year?
Sam Eswaran made post

How did UTI AMC perform in the Mar-22 quarter this year?

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Moii Chavate answered.
3 weeks ago
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India’s oldest mutual fund company, UTI AMC reported 4.12% higher revenues for Mar-22 quarter at Rs.301.15 crore. FY22 revenues for the full fiscal year were higher by 12.9% yoy at an impressive at Rs.1,319 crore. Quarterly average AUM for FY22 stood at Rs.223,800 crore. Overall AUM including PMS and global AUM stood at more than Rs.13 trillion. For UTI AMC, the equity assets were 70% of assets and live folios were 1.19 crore.

UTI AMC Ltd

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 301.15

₹ 289.24

4.12%

₹ 308.59

-2.41%

Net Profit (Rs cr)

₹ 53.99

₹ 133.92

-59.68%

₹ 126.53

-57.33%

Diluted EPS (Rs)

₹ 4.23

₹ 10.56

₹ 9.92

Net Margins

17.93%

46.30%

41.00%

  

In terms of profit performance, profits in Q4 were sharply lower by 59.7% at Rs.54cr. This steep fall in profits can be attributed to a sharp spike in employee costs and sharply higher taxation costs in the fourth quarter. Gross SIP inflows stood at Rs.1,489 crore while overall SIP AUM stood at Rs.18,311 crore. Digital channel was 38.7% of new transactions. The AMC business has been facing consistent pressure on the earnings front due to lower fees stipulated by SEBI, but that has bene more than compensated by the spike in flow volumes.

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