UTI Asset Management Company Limited - Key Highlights for Q4 and FY2022

Financial Highlights for FY 22

- Revenue from Operations for the financial year 2021-22 stood at ₹1,319 crore, up by 13% from FY 2020-21. The Core Revenue from Operations for FY 22, consisting of Sale of Services, amounted to ₹1,119 crore up by 39% as against FY 21.

- Profit Before Tax for FY 22 was at ₹660 crore, up by 9% as against FY 21. The Core Profit Before Tax for FY 22 (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹452 crore, up by 91% when compared to FY 21.

- FY 22 Profit After Tax stood at ₹534 crore up by 8% from FY 21. The Core Profit After Tax for the financial year (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹366 crore up by 88% as compared to FY 21.

- The Board recommended a final dividend of ₹21 per share for FY 22 as against ₹17 per share for FY 21. Final dividend for FY 22 is subject to the approval of shareholder at the ensuing Annual General Meeting.

- Total Assets Under Management for UTI AMC at ₹13,48,905 crore

- UTI MF March 2022 Quarterly Average Assets under Management stood at ₹2,23,842 crore

Financial Highlights for Q4 FY 22

- Revenue from Operations for the January-March quarter stood at ₹301 crore up by 4% from the corresponding quarter in FY 21. The Core Revenue from Operations for Q4 FY 22 consisting entirely of Sale of Services amounted to ₹295 crore up by 25% as against Q4 FY 21.

- Profit Before Tax for the fourth quarter of FY 22 was at ₹97 crore down by 36% as against Q4 FY 21. The Core Profit Before Tax for the period (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹87 crore down by 11% when compared to Q4 FY 21.

- Q4 FY 22 Profit After Tax stood at ₹54 crore down by 60% from Q4 FY 21. The Core Profit After Tax for the fourth quarter (excluding M2M Gains, Income from Sale of Investments, and other Non-operating Income) was ₹48 crore down by 44% as compared to the corresponding quarter of FY 21.

- UTI MF March 2022 Quarterly Average Assets under Management stood at ₹2,23,842 crore

Commenting on the performance Mr. Imtaiyazur Rahman, Chief Executive Officer, UTI AMC said, "The awareness and acceptance of mutual fund products continued to increase in the last one year thanks to the efforts taken by the industry. UTI AMC looks to provide investment opportunities to investors for their long-term financial goals while managing market volatility. UTI AMC has registered an increase in its Assets under Management in this challenging environment and will continue to strive for growing its business across different asset categories. We remain committed to building the business by offering suitable mutual fund products and enhanced services to cater to a wide array of investors."

Business Highlights for FY 22

- As on March 31, 2022, UTI MF's Quarterly Average Assets under Management was ₹2,23,842 crore

- Equity Assets (Active + Passive) contributed 70.7% to UTI MF's total average AUM

- The ratio of equity oriented QAAUM and non-equity oriented QAAUM is 70:30 vis-à-vis industry ratio of 60:40

- Gross Inflow mobilized through SIP for the year ended March 31, 2022 stood at ₹5,045.5 crore. SIP AUM as of yearend stood at ₹18,311 crore, an increase of 31.6% as compared to March 31, 2021

- Over 494 empaneled distribution partners across Mutual Fund Distributor, National Distributor and Banks, serviced through a total of 167 UFCs of which 108 are in B-30 locations.

- Total live folios stood at 1.19 crore as on March 31, 2022

- Digital purchase transactions rose to 93.58 lakh, an increase of 128% as against year ended March 31, 2021. Digital channel contributed 35% to total new purchase transactions

- UTI AMC has geographical presence in 698 districts in India, amongst the highest in the industry

Business Highlights Q4 FY 22

- Gross Inflow mobilized through SIP for the quarter ended stood at ₹1,489 crore. SIP AUM as of March 31, 2022 stood at ₹ 18,311 crore, a growth of 1.02% as compared to December 31, 2021

- Digital purchase transactions rose by 28.55 lakh, an increase of 11.43% as against quarter ended December 31, 2021. Digital channel contributed 38.7% to total new purchase transactions

Shares of UTI Asset Management Company Limited was last trading in BSE at Rs. 928.15 as compared to the previous close of Rs. 926.65. The total number of shares traded during the day was 4719 in over 570 trades.

The stock hit an intraday high of Rs. 955.00 and intraday low of 920.45. The net turnover during the day was Rs. 4405389.00.

Source : Equity Bulls

Keywords

UTIAssetManagementCompany INE094J01016 UTIAMC KeyHighlights Q4FY22 FY2022