UTI Asset Management Company Ltd's Q3FY25 Quarterly Results

Result Summary

• UTI Asset Management Company Ltd reported a 22.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 6.6%.
• Its expenses for the quarter were down by 2.5% QoQ and up 5.2% YoY.
• The net profit decreased 34.0% QoQ and decreased 14.6% YoY.
• The earnings per share (EPS) of UTI Asset Management Company Ltd stood at 11.7 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

UTI Asset Management Company Ltd is one of India's leading asset management companies. It offers a range of investment solutions, primarily focusing on mutual funds and portfolio management services. The company's services cater to a wide array of clients, including individual investors, corporations, and institutions. UTI AMC operates within the financial services industry and is recognized for its extensive experience and strong market presence. As of the latest data, there are no specific recent major developments available for UTI AMC. The company continues to focus on providing diversified investment management services to its clientele.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), UTI Asset Management Company Ltd reported total income of ₹420.47 crores. This represents a decline of 22.1% from the previous quarter (Q2FY25), where the total income was ₹540.07 crores. Year-over-year, there was a decrease of 6.6% from the same quarter in the previous fiscal year (Q3FY24), which recorded total income of ₹450.21 crores. The reduction in revenue both quarter-over-quarter and year-over-year suggests a contraction in the company's income during this period.

Profitability

For Q3FY25, UTI AMC's profit before tax was ₹221.19 crores, which is a notable decrease of 34.1% compared to Q2FY25, when the profit before tax was ₹335.66 crores. On a year-over-year basis, there was a decline of 15.2% from Q3FY24, where the profit before tax amounted to ₹260.70 crores. The tax expense for Q3FY25 stood at ₹47.60 crores, down 34.4% from the previous quarter and 17.0% from the same quarter last year. Consequently, the profit after tax for Q3FY25 was ₹173.59 crores, showing a decrease of 34.0% from the previous quarter and 14.6% from Q3FY24. The earnings per share (EPS) for the quarter was ₹11.70, which is 37.4% lower than the previous quarter and 19.9% lower than the same quarter last year.

Operating Metrics

Total expenses for UTI AMC in Q3FY25 were ₹199.28 crores, showing a slight decline of 2.5% from Q2FY25, where expenses were ₹204.41 crores. However, there was a year-over-year increase of 5.2% compared to Q3FY24, which had total expenses of ₹189.51 crores. The trends in expenses indicate a reduction in the cost base on a quarter-over-quarter basis while experiencing an uptick year-over-year. This quarter's focus on managing expenses could be reflective of the broader economic environment or strategic initiatives within the company. The company's ability to manage expenses while facing declining revenues is a significant aspect of its financial performance during this quarter.