Q2 2025 UTI Asset Management Company Ltd Earnings Call Transcript
Key Points
- UTI Asset Management Co Ltd (BOM:543238) reported a significant increase in total assets under management, reaching INR 20.16 lakh crores as of September 30, 2024, up from INR 16.89 lakh crores in the previous year.
- The company launched new products, including the UTI Nifty 200 Quality 30 Index Fund and the UTI Nifty Private Bank Index Fund, which have performed well in their respective categories.
- UTI AMC's SIP AUM witnessed a growth of 50.26% year-on-year, reaching INR 39,882 crores as of September 2024.
- The company posted a consolidated net profit of INR 239 crores for the second quarter, marking a 31% increase year-on-year.
- UTI AMC has been expanding its geographical presence, with new offices opened in New York and Paris, and plans to hire more professionals in key geographies to accelerate business development.
- Despite the growth in assets under management, UTI AMC experienced a minor decline in market share this quarter.
- The company faced higher employee and administrative costs due to expansion efforts, impacting short-term profitability.
- There was a rationalization of branches, with some closures due to insufficient AUM to justify their operation.
- The company incurred an additional deferred tax liability of INR 12.10 crores due to changes in capital gains tax rates, affecting net profit.
- UTI AMC's equity and hybrid funds have seen outflows, and the company is working to improve fund performance and market share in these segments.
Ladies and gentlemen, good day and welcome to the UTI Asset Management Company Limited Q2 and H1 FY25 earnings conference call. From the management we have with us Mr. Imtaiyazur Rahman, Managing Director & Chief Executive Officer; Mr. Vinay Lakhotia, Chief Financial Officer and Head Corporate Strategy; Mr. Surojit Saha, Group Financial Advisor; and Mr. Sandeep Samsi, Head Investor Relations, Marketing & Corporate Communication. We also have with us our Investor Relations team from Adfactors PR.
(Operator Instructions) Please note that this conference is being recorded. Before we begin, I would like to mention that some of the statements made in today's discussion maybe forward-looking in nature and may involve risks and uncertainties. Please note the disclaimer mentioning these risks and uncertainties are on the disclaimer slide of the investor presentation that has been shared earlier.
I will now hand the conference over to Mr. Imtaiyazur Rahman for the opening remarks. Thank you.
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