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UTI AMC Q1FY23 PAT lower yoy at Rs94.41 crore due to sharply lower fair value gains in the portfolio

27 Jul 2022 , 08:04 AM

UTI AMC Ltd, reported -11.56% fall in total revenues yoy for the Q1FY23 quarter on consolidated basis at Rs305.99 crore. On a sequential basis, revenues were up for the quarter by 0.33%. For Q1FY23, the sharp fall in the revenues was largely on account of the lower fair value gains as volatility in the equity and debt markets hit the portfolios hard. Including the pension and PMS funds managed,

UTI AMC has overall AUM of Rs13.82 trillion. The core MF AUM stands at Rs2.25 crore and it is among India’s top funds by AUM. UTI has 5.94% share of MF AUM and a more impressive 27.4% share of NPS AUM. For Q1FY23, UTI had gross SIP sales of Rs1,550 crore and 1.20 crore live SIP folios.

The consolidated net profit for Q1FY23 was down -39.1% yoy at Rs94.41 crore while it was down up a sequential basis by 74.87% on lower fair value gains in the quarter.

While the EBITDA growth was negative at -39% for the quarter, its core EBITDA grew at 18% from the basic mutual fund services business. Net margins were 30.85% in Q1FY23 quarter compared to 44.81% in Q1FY22. NPM was higher as compared to 17.70% in Q4FY22.

Financial highlights for Jun-22 compared yoy and sequentially

UTI AMC
Rs in Crore Jun-22 Jun-21 YOY Mar-22 QOQ
Total Income (Rs cr) ₹ 305.99 ₹ 345.98 -11.56% ₹ 304.98 0.33%
Net Profit (Rs cr) ₹ 94.41 ₹ 155.03 -39.10% ₹ 53.99 74.87%
Diluted EPS (Rs) ₹ 7.43 ₹ 12.23 ₹ 4.23
Net Margins 30.85% 44.81% 17.70%

Related Tags

  • Mutual Funds Sector
  • Q1 FY2023 results of UTI AMC
  • UTI AMC management
  • UTI AMC news
  • UTI AMC Q1
  • UTI AMC Q1FY23 Mutual Funds business
  • UTI AMC Q1FY23 PAT
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