UTI Asset Management Company (UTIAMC) Q2 25/26 earnings summary

Executive summary

• Leadership transition announced: Vetri Subramaniam to become MD & CEO from February 2026, with Imtaiyazur Rahman moving to a strategic advisor role until June 2026.

• Total group AUM reached ₹22,41,837 crore, up 11.18% YoY and 2.22% QoQ as of September 2025.

• UTI MF QAAUM grew 10.47% YoY to ₹3,78,413 crore, with equity assets comprising 69% of total AUM.

• Digital transactions surged, with 52.74 lakh digital purchase transactions in Q2 FY26, up 17.97% YoY.

• UTI AMC maintains a strong presence in B30 cities, supporting higher-margin growth and client acquisition.

Financial highlights

• Consolidated core income for Q2 FY26: ₹390 crore, up 5% YoY and 3% QoQ.

• Consolidated core PAT for Q2: ₹107 crore (includes family pension impact); normalized PAT: ₹133 crore.

• Standalone core PAT for Q2: ₹104 crore (with pension impact); normalized: ₹124 crore, up 7% YoY, 5% QoQ.

• Employee benefit expense included a one-time impact of ₹25 crore due to family pension revision.

• Standalone total income for Q2 FY26 was ₹391.12 crore, down from ₹418.18 crore in Q2 FY25.

Outlook and guidance

• Focus remains on hybrid fund category, B30 cities, and leveraging digital platforms for growth.

• Continued emphasis on SIPs and digital client acquisition to drive AUM and folio growth.

• Strategic initiatives to deepen presence in Tier 2/3 markets and capitalize on SEBI incentives for women investors.

• Cost structure guidance to be updated post-VRS implementation; brand investment and digital expansion planned.

• Full-year tax rate expected at 26-27% due to VRS cost amortization.