UTI Asset Management Company Ltd Q2FY24; 9% fall in Profits

UTI Asset Management Company Ltd is primarily engaged in the activities of raising funds for and to render investment management services to schemes of UTI Mutual Fund. It is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996. It was the first to introduce Mutual Funds in India and is focused solely on Investment management and related services.

Financial Results:

UTI Asset Management Company Ltd reported Revenues for Q2FY24 of ₹404.00 Crores down from ₹435.00 Crore year on year, a fall of 7.13%.

Total Expenses for Q2FY24 of ₹186.00 Crores up from ₹177.00 Crores year on year, a rise of 5.08%.

Consolidated Net Profit of ₹183.00 Crores down 9.41% from ₹202.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹14.39, down 8.52% from ₹15.73 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.