E-PaperUTI Asset Management Company Q3 FY24 Results Live: Profit Rise by 209.45% YoY
UTI Asset Management Company Q3 FY24 Results Live: Revenue increased by 10.61% YoY & profit increased by 209.45% YoY
UTI Asset Management Company declared their Q3 FY24 results on 29 Jan, 2024. The topline increased by 10.61% & the profit increased by 209.45% YoY. As compared to the previous quarter the revenue grew by 7.65% and the profit increased by 1.58%.
The Selling, general & administrative expenses declined by 5.27% q-o-q & increased by 1.2% Y-o-Y.
The operating income was up by 16.05% q-o-q & increased by 12.67% Y-o-Y.
The EPS is ₹14.6 for Q3 FY24 which increased by 209.32% Y-o-Y.
UTI Asset Management Company has delivered 0.27% return in the last 1 week, 8.07% return in last 6 months and 0.02% YTD return.
Currently the UTI Asset Management Company has a market cap of ₹11029.63 Cr and 52wk high/low of ₹927 & ₹608 respectively.
As of 31 Jan, 2024 out of 12 analysts covering the company, 1 analyst has given Strong Sell rating, 1 analyst has given Sell rating, 3 analysts have given Hold rating, 4 analysts have given Buy rating & 3 analysts have given Strong Buy rating.
The consensus recommendation as on 31 Jan, 2024 was to Buy.
UTI Asset Management Company Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 322.93 | 299.99 | +7.65% | 291.95 | +10.61% |
| Selling/ General/ Admin Expenses Total | 105.31 | 111.17 | -5.27% | 104.06 | +1.2% |
| Depreciation/ Amortization | 10.43 | 10.44 | -0.1% | 10.28 | +1.46% |
| Total Operating Expense | 183.47 | 179.82 | +2.03% | 168.17 | +9.1% |
| Operating Income | 139.46 | 120.17 | +16.05% | 123.78 | +12.67% |
| Net Income Before Taxes | 260.7 | 219.76 | +18.63% | 102.4 | +154.59% |
| Net Income | 185.7 | 182.81 | +1.58% | 60.01 | +209.45% |
| Diluted Normalized EPS | 14.6 | 14.4 | +1.39% | 4.72 | +209.32% |
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