UTI Asset Management Company Q2 Results Live : UTI Asset Management Company announced its Q2 results on October 25, 2024, showcasing a significant growth in its financial metrics. The company’s topline surged by 27.58% year-over-year, while profit saw an impressive increase of 30.83% compared to the same period last year.
However, when compared to the previous quarter, the revenue experienced a growth of only 10.59%, and profit faced a decline of 5.9%. This indicates a mixed performance on a quarter-on-quarter basis.
The company’s Selling, General & Administrative expenses climbed by 1.49% quarter-over-quarter and increased by 3.75% year-over-year, suggesting a rise in operational costs amidst growing revenue.
Operating income reflected a positive trend, rising by 15.29% from the previous quarter and a remarkable 54.02% year-over-year, signaling strong operational efficiency and profitability.
Earnings per share (EPS) reached ₹18.77 for Q2, marking a 30.35% increase year-over-year, which is a good indicator of the company’s profitability per share.
In terms of market performance, UTI Asset Management Company has delivered a -6.2% return over the past week, but it has shown robust returns of 31.88% in the last six months and an impressive 44.19% year-to-date.
The company currently holds a market capitalization of ₹15,603.66 Crores, with a 52-week high of ₹1342.1 and a low of ₹725.62, reflecting its strong position in the market.
As of October 26, 2024, analysts’ ratings present a diverse outlook for the company. Out of 14 analysts, 1 has given a Strong Sell rating, 3 have rated it as Sell, 4 as Hold, 3 as Buy, and 3 as Strong Buy.
The consensus recommendation as of October 26, 2024, stands at Hold, indicating a cautious but stable outlook for UTI Asset Management Company moving forward.
UTI Asset Management Company Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 382.74 | 346.09 | +10.59% | 299.99 | +27.58% |
| Selling/ General/ Admin Expenses Total | 115.34 | 113.65 | +1.49% | 111.17 | +3.75% |
| Depreciation/ Amortization | 11.24 | 11.19 | +0.45% | 10.44 | +7.66% |
| Total Operating Expense | 197.65 | 185.55 | +6.52% | 179.82 | +9.92% |
| Operating Income | 185.09 | 160.54 | +15.29% | 120.17 | +54.02% |
| Net Income Before Taxes | 335.66 | 341.32 | -1.66% | 219.76 | +52.74% |
| Net Income | 239.17 | 254.17 | -5.9% | 182.81 | +30.83% |
| Diluted Normalized EPS | 18.77 | 19.91 | -5.73% | 14.4 | +30.35% |
