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UTI Asset Management Company Ltd.
Q3FY23 Quarterly Result Announced for UTI Asset Management Company Ltd.
UTI Asset Management Company announced Q3FY23 results:
- Q3FY23:
- The core income for the Q3FY23 quarter stood at Rs 284 crore, growing 1% YoY and slightly down by 2% QoQ basis.
- Total revenue from operations for the quarter was Rs 295 crore, down 5% YoY and 32% QoQ.
- The operating expenses for Q3FY23 were at Rs 174 crore, up 8% YoY and down 2% QoQ basis.
- The core profit before tax for the third quarter of fiscal 2023 was at Rs 110 crore, witnessing a decline of 9% YoY and 4% QoQ.
- The profit before tax for this quarter was Rs 102 crore, down by 31% YoY and 61% QoQ.
- The core profit after tax for the quarter ended December 31, 2022, was Rs 76 crore, witnessing a 16% YoY and 10% QoQ decline.
- Q3FY23 Profit after Tax (PAT) was at Rs 60 crore, down 53% YoY and 70% QoQ, primarily down on account of M2M impact on investments
- The total assets under management for UTI Asset Management Company stood at Rs 14,97,777 crore
Commenting on the performance, Mr. Imtaiyazur Rahman, Managing Director & Chief Executive Officer, UTI Asset Management Company Limited said, “As India assumes its Presidency of the G20 Summit with “Vasudhaiva Kutumbakam” as the motto, we continue to flourish as the fastest growing emerging economy, despite the geopolitical tension and inflation headwinds all over the globe. The Indian Mutual fund industry has remained resolute and continued to create wealth for the investors.”
He also added, “Being a trusted partner of the people in the process of nation-building and wealth creation for the last six decades, we, at UTI AMC, believe that our growth and that
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