Q4 2026 UTI Asset Management Company Ltd Earnings Call Transcript
Key Points
- UTI Asset Management Co Ltd (BOM:543238) reported a significant increase in its mutual fund AUM, reaching INR3.88 lakh crore, up from INR3.39 lakh crore the previous year.
- The company successfully launched the UTI multi-cap fund, mobilizing about INR1,000 crore, and the UTI arbitrage fund crossed the INR10,000 crore AUM milestone.
- UTI's passive business continues to scale well, with ETF AUM at INR18,963 crore and index fund AUM at INR5,934 crore, maintaining leadership in the smart beta category.
- The company has made significant strides in digital transformation, including a 234% increase in digital revenue and the launch of AI-powered contact center solutions.
- UTI AMC declared a dividend of INR40 per share for the financial year, reflecting a strong commitment to returning value to shareholders.
- The company's normalized PAT for FY26 decreased to INR643 crore from INR653 crore in FY25, indicating a slight decline in profitability.
- Employee costs increased due to a one-time item related to family pension benefits, impacting overall expenses.
- Despite growth in AUM, the company faces challenges in maintaining a high yield due to the increasing share of low-yielding ETF and index funds.
- The international business segment faced headwinds due to global investors pulling out funds from India, impacting overall performance.
- The company is operating below its capacity, with a need to improve efficiency and productivity to leverage its existing infrastructure and workforce.
Ladies and gentlemen, good day, and welcome to the UTI Asset Management Company Limited Q4 and FY26 earnings conference call.
From the management, we have with us Mr. Vetri Subramaniam, Managing Director and Chief Executive Officer; Mr. Vinay Lakhotia, Chief Financial Officer and Head corporate strategy; and Mr. Sandeep Samsi, Head, Investor Relations, Marketing and Corporate Communications.
We also have Investor Relations team from Adfactors PR. (Operator Instructions) and there will be an opportunity for you to ask questions after the presentation concludes. (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 may be 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 over the conference to Mr. Vetri Subramaniam for opening remarks. Thank you, and over to you, sir.
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