UTI AMC reported strong 67% YoY growth in Profit After Tax | Q2 FY22 Results Analysis
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2 years ago
Q1 FY22 Financial Highlights
Profit After Tax increased by 67% from Rs.119 Cr in Q2 FY21 to Rs.199 Cr in Q2 FY22, up 28% QoQ
Profit Before Tax increased by 53% from Rs.147 Cr in Q2 FY21 to Rs.225 Cr in Q2 FY22, up 18% QoQ
Revenue from operations grew by 38% to Rs.380 Cr in Q2 FY21, which include sale of services Rs.280 Cr, up 41% YoY.
Operating Profit margin stands at 62% compared to 58% in last quarter
Board has approved a final dividend of Rs.17 for FY21 as compared to Rs.7 for FY20
Total AUM of UTI has increased by 21% from Rs. 10,43,198 Cr in Sep-20 to Rs. 12,62,546 in Q2 FY22
Out of the total AUM, PMS constitute 66% of total AUM, MF – 16%, retirement services – 15% and alternate investment funds – 3%
Mutual Fund QAAUM (Quarterly Average Assets Under Management) has shown a YOY growth of 34.7% from Rs. 155,190 Cr in Sep-20 to Rs. 208,971 Cr in Sep-21
Total Equity and hybrid QAAUM has reported a growth of 49.3%. Equity QAAUM has grown by 60.8% and hybrid QAAUM has grown by 27.1%.
As of Sep-21, it has good equity mix
SIP AUM increased by 55.4% from Rs.11,187 Cr in Sep-20 to Rs.17,389 Cr in Sep-21
Number of digital purchase transactions grew by 106.5% and number of digital SIP transactions grew by 203.1% YoY. QoQ digital purchase transactions increased by 31.55%. Digital channel contributed 32.54% to total new purchase transactions.
Total number of employees have increased from 1457 in Q1 FY22 to 1426 in Q2 FY22
Other Key Highlights
Top priority strategy for sales engagement is to increase the number of SIP selling mutual fund distributors and their share.
UTI Capital has filed for two Category II Alternate Investment Funds for regulatory approval
UTI AMC has two more funds in the NFO pipeline. It has got SEBI approval to launch multicap fund and also some passive funds