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. Presenting below are its Q2 FY26 earnings results.
Q2 FY26 Earnings Results
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Revenue from Operations (Standalone): ₹390.22 crore, down 6.3% YoY from ₹416.64 crore and down 11% QoQ from ₹438.31 crore in Q1 FY26, impacted by soft performance fees and lower other income.
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Net Profit (Standalone): ₹166.21 crore, down 17.4% YoY from ₹201.2 crore and down 23% QoQ from ₹216.1 crore in Q1 FY26.
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Revenue from Operations (Consolidated): ₹418.55 crore, down 22% YoY from ₹538.4 crore due to one-offs in the prior period and weaker other income contributions.
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Consolidated PAT: ₹132.2 crore, down 48% QoQ and down 5% YoY.
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EPS: ₹8.82 (vs ₹12.97 in Q1 FY26 and ₹10.91 in Q2 FY25).
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Core Income (Consolidated): ₹390 crore, up 5% YoY and 3% QoQ on strong core management fees.
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Core PAT: ₹107 crore, normalized PAT ₹133 crore adjusting for one-offs in Q2 FY26.
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Dividend: Declared a final dividend of ₹26 per share and a special dividend of ₹22 per share, reflecting high cash reserves and profitability sustainability.
Operational and Business Highlights
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Average Assets Under Management (AUM):
Total Group AUM stood at ₹22.41 lakh crore, up 13% YoY and 3% QoQ.-
Mutual Fund QAAUM: ₹3.78 lakh crore.
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Equity AUM share: 69%, higher than the industry average (~60%).
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SIP AUM: ₹42,267 crore, up 6% YoY; SIP inflows: ₹2,338 crore for the quarter.
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Live retail folios: 1.36 crore across 698 districts in India, reflecting deep distribution penetration.
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Market Share: Overall market share declined slightly due to active competition and strong inflows into passive funds led by new entrants.
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Cost Metrics:
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Employee Costs: Up 23% YoY owing to one-time Voluntary Retirement Scheme (VRS) settlement and revised family pension obligations (~₹25 crore impact).
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EBITDA Margin: Dropped 1980 basis points QoQ due to expense normalization and weaker other income streams.
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Balance Sheet:
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Zero long-term debt.
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Maintained net cash of ₹5,000+ crore, reflecting one of the strongest balance sheets in the AMC industry.
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Management Commentary (Q2 FY26)
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The management acknowledged short-term profit compression due to extraordinary employee-related expenses and weaker market-to-market income but highlighted that core operational momentum remains strong, with steady equity inflows and deepening retail participation.
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UTI AMC reiterated its focus on expanding passive and retirement fund offerings while continuing to digitalize distribution, customer service, and SIP onboarding.
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Management expects sustained growth in core AMC revenues and margin recovery in H2 FY26 as one-time costs phase out.
Q1 FY26 Earnings Results
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Revenue: ₹438.31 crore, up 3% YoY.
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Net Profit: ₹216.13 crore, up 16% YoY and 39.9% QoQ.
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Total Group AUM: ₹21.93 lakh crore, up 13.3% YoY.
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Mutual Fund QAAUM: ₹3.61 lakh crore, up 16.1% YoY.
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Passive AUM: Surged 60% YoY.
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Dividend: ₹26 final + ₹22 special dividend approved
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.