UTI Asset Management Company Q1 Results Live : profit rise by 8.43% YOY
UTI Asset Management Company Q1 Results Live : Revenue increased by 18.89% YoY & profit increased by 8.43% YoY
UTI Asset Management Company Q1 Results Live : UTI Asset Management Company declared their Q1 results on 25 Jul, 2024. The topline increased by 18.89% & the profit increased by 8.43% YoY. As compared to the previous quarter the revenue grew by 6.03% and the profit increased by 56.16%.
The Selling, general & administrative expenses declined by 2.45% q-o-q & increased by 6.87% Y-o-Y.
The operating income was up by 22.77% q-o-q & increased by 37.61% Y-o-Y.
The EPS is ₹19.91 for Q1 which increased by 7.85% Y-o-Y.
UTI Asset Management Company has delivered -1.42% return in the last 1 week, 22.17% return in last 6 months and 21.07% YTD return.
Currently the UTI Asset Management Company has a market cap of ₹13086.39 Cr and 52wk high/low of ₹1088.91 & ₹716.02 respectively.
As of 26 Jul, 2024 out of 13 analysts covering the company, 1 analyst has given Strong Sell rating, 3 analysts have given Sell rating, 4 analysts have given Hold rating, 3 analysts have given Buy rating & 2 analysts have given Strong Buy rating.
The consensus recommendation as on 26 Jul, 2024 was to Hold.
UTI Asset Management Company Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 346.09 | 326.4 | +6.03% | 291.09 | +18.89% |
| Selling/ General/ Admin Expenses Total | 113.65 | 116.51 | -2.45% | 106.34 | +6.87% |
| Depreciation/ Amortization | 11.19 | 11.76 | -4.85% | 9.63 | +16.2% |
| Total Operating Expense | 185.55 | 195.64 | -5.16% | 174.43 | +6.38% |
| Operating Income | 160.54 | 130.76 | +22.77% | 116.66 | +37.61% |
| Net Income Before Taxes | 341.32 | 217.96 | +56.6% | 288.42 | +18.34% |
| Net Income | 254.17 | 162.76 | +56.16% | 234.41 | +8.43% |
| Diluted Normalized EPS | 19.91 | 12.76 | +56.03% | 18.46 | +7.85% |
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