UTI Asset Management Company Ltd News

UTI AMC stock hits new high in weak market on healthy Q2; up 66% since Apr

In past three days, the stock surged 18% after UTI AMC reported a 31% YoY jump in PAT at Rs 239 crore for Q2FY25, led by steady revenue yield and moderation in the expense ratio.

UTI AMC Q2 results: Net profit jumps 31% to Rs 239 cr, revenue at Rs 538 cr

UTI Asset Management Company on Friday reported a 31 per cent on-year jump in profit after tax (PAT) at Rs 239 crore in the three months ended September 30, 2024. The company had posted a PAT of Rs 183 crore in the same quarter of the preceding fiscal year, UTI AMC said in a regulatory filing. The company's revenue from operations rose 33 per cent to Rs 538 crore in the July-September quarter of the current financial year (FY25), from Rs 404 crore in the year-ago period. For the quarter ended September 30, 2024, UTI Asset Management Company's total asset base stood at Rs 20.16 lakh crore. This includes UTI Mutual Fund's assets base of over Rs 3.42 lakh crore. Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said the Indian mutual fund industry continues to showcase remarkable growth, with average AUM (assets under management) reaching Rs 66.22 lakh crore, reflecting strong investor confidence across the country. "The increasing participation from smaller cities, with over 50 pe

AMCs, broking stocks rally up to 15%; Aditya Birla, UTI, CAMS at new peak

Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.

UTI AMC rallies 6%, hits over 2-year high on performance improvement

UTI AMC share price today: The Indian mutual fund industry has witnessed robust growth in the recent past making it amongst the most attractive investment avenues

UTI AMC Q1 result: PAT rises 9% to Rs 254 cr, total revenue from ops up 13%

UTI Asset Management Company on Thursday reported a nine per cent growth in profit after tax (PAT) to Rs 254 crore in the three months ended June 30, 2024. In comparison, the company had posted a PAT of Rs 234 crore in the same quarter a year ago, UTI AMC said in a regulatory filing to the stock exchanges. The company's total revenue from operations rose 13 per cent to Rs 529 crore during the quarter under review, as compared to Rs 468 crore in the April-June quarter of the preceding financial year (2023-24). As of June 30, 2024, the total assets under management (AUM) for UTI AMC stood at Rs 19.36 lakh crore, which includes the mutual fund's asset base of Rs 3.1 lakh crore. "The Indian mutual fund industry has witnessed robust growth in the recent past making it amongst the most attractive investment avenues. "As the Indian MF industry surpassed yet another milestone of Rs 60 lakh crore AUM by the end of June 2024, financial awareness and digitization have played crucial roles in