UTI AMC Q4 PAT down -59.7% at Rs53.99cr on spike in employee and tax costs

27 Apr 2022 , 06:35 PM

UTI Asset Management reported 4.12% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs301.15cr. On a sequential basis, revenues were lower for the quarter by -2.41%.

For the full year FY22, the revenues were higher by 12.9% at Rs1,319cr. The quarterly average AUM for FY22 for UTI AMC stood at Rs.2.238 trillion.

However, overall AUM including their PMS holdings took the overall AUM of UTI to more than Rs13 trillion. For UTI AMC, the equity assets were 70% of assets and live folios were Rs.1.19 crore.

The consolidated net profit for Q4 was down -59.68% at Rs53.99cr while it was down on a sequential basis by -57.33%.

The sharp fall in profits was on account of a sharp spike in employee costs and a spike in taxation costs in the latest quarter. In Q4, gross SIP inflows stood at Rs.1,489 crore while overall SIP AUM stood at Rs.18,311 crore.

Digital channel contributes 38.7% of new transactions. Net margins stood at 17.93% in Mar-22 quarter compared to 46.3% in Mar-21. The NPM were lower sequentially compared to 41% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	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%