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UTI Asset Management Company Limited Q1FY22 consolidated PAT rises to Rs. 155.03 crore



Posted On : 2021-07-28 21:57:12( TIMEZONE : IST )

UTI Asset Management Company Limited Q1FY22 consolidated PAT rises to Rs. 155.03 crore

UTI Asset Management Company Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY2021-22) - QoQ Comparison

The company has reported total income of Rs.350.11 crores during the period ended June 30, 2021 as compared to Rs.292.98 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.155.03 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.133.92 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.12.23 for the period ended June 30, 2021 as compared to Rs.10.56 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY2020-21% Change
Total Income₹ 350.11 crs₹ 292.98 crsUp Tick 19.5%
Net Profit₹ 155.03 crs₹ 133.92 crsUp Tick 15.76%
EPS₹ 12.23₹ 10.56Up Tick 15.81%

Financial Results (Q1 FY2021-22) - YoY Comparison

The company has reported total income of Rs.350.11 crores during the period ended June 30, 2021 as compared to Rs.270.37 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.155.03 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.101.36 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.12.23 for the period ended June 30, 2021 as compared to Rs.7.99 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 350.11 crs₹ 270.37 crsUp Tick 29.49%
Net Profit₹ 155.03 crs₹ 101.36 crsUp Tick 52.95%
EPS₹ 12.23₹ 7.99Up Tick 53.07%

Commenting on the performance Mr. Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said, "We have observed a rising affinity of investors towards mutual funds even during market volatility and the uncertainty that has been caused due to the pandemic. UTI AMC also stands stronger and continues to maintain the growth graph. We aim to stay focused to combat the volatility and emphasize on good returns while growing our investor base. The measures taken by the government and RBI would also help speedy recovery of the economy".

Business Highlights (Q1FY22):

- For the quarter ended June 30, 2021, UTI MF's average assets under management was Rs. 1,87,210 crore.

- For the quarter ended June 30, 2021, Equity Assets (Active + Passive) contributed 52.7% to UTI MF's total average AUM.

- For the quarter ended June 30, 2021, the ratio of equity oriented QAAUM and non-equity oriented QAAUM is 0.65:0.35 compared to the industry ratio of 0.54:0.46.

- Gross Inflow mobilized through SIP for the quarter ended June 30, 2021 stood as Rs. 1,008.7 crore. SIP AUM as of June 30, 2021 stood at Rs. 15,523.1 crore, an increase of 11.6% as compared to March 31, 2021.

- For the quarter ended June 30, 2021, digital purchase transactions rose to 17.02 lakhs transactions and increase of 27.9% as against quarter ended March 31, 2021. Digital channel contributed 30.3% to total new purchase transactions.

Source : Equity Bulls

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