UTI Asset Management Company (UTIAMC) Q4 21/22 earnings summary

Executive summary

• FY22 consolidated revenue from operations was ₹1,319.08 crore and PAT attributable to owners was ₹534.29 crore; reported growth was 13.17% in total income and 8.13% in PAT YoY.

• Mutual Fund QAAUM grew 22.42% to ₹2.24 lakh crore; market share rose to 5.83% from 5.70%, with assets growing faster than the industry for a second consecutive year.

• Board recommended a final dividend of ₹21 per share for FY22, subject to shareholder approval; this was 23.53% above FY21’s ₹17 per share.

Financial highlights

• Consolidated revenue from operations reached ₹1,319.08 crore versus ₹1,168.52 crore; total income was ₹1,327.27 crore versus ₹1,172.82 crore.

• Consolidated EBITDA was ₹706.18 crore versus ₹646.87 crore; PAT attributable to owners was ₹534.29 crore versus ₹494.14 crore.

• Consolidated basic EPS was ₹42.12 versus ₹38.97; diluted EPS was ₹41.96 versus ₹38.97.

• Standalone revenue from operations was ₹1,059.63 crore versus ₹940.56 crore; PAT was ₹417.78 crore versus ₹351.67 crore.

• Employee benefits included a one-time ₹2 crore cost for higher medical expenses; variable-pay provision rose ₹17 crore and fixed pay increased ₹8 crore.

Outlook and guidance

• Industry AUM was projected to reach ~₹74 lakh crore by FY27 at 13–15% CAGR from FY22, supported by economic growth, savings, investor awareness and technology adoption.

• Industry debt-fund AUM was forecast to grow 11–13% in FY23, with fresh inflows expected to recover in H2 as interest rates stabilise.

• Industry equity-fund AUM was projected to grow 21–23% YoY in FY23, including 14–15% net inflow growth and 6–8% market gains.

• Strategic priorities included expanding digital services, strengthening B30 distribution and growing international, retirement and alternative businesses.