UTI Asset Management Company (UTIAMC) Q4 23/24 earnings summary

Executive summary

• FY 2023-24 consolidated revenue from operations rose 37.11% YoY to ₹1,736.96 crore; PAT attributable to owners increased 75.07% to ₹765.68 crore, driven largely by fair-value gains and service revenue.

• Total AUM reached ₹18.48 lakh crore, including domestic mutual-fund QAAUM of ₹2.91 lakh crore; consolidated basic EPS was ₹60.26.

Financial highlights

• Consolidated total income was ₹1,743.93 crore vs ₹1,290.09 crore; PBT rose to ₹986.84 crore from ₹585.62 crore, while PAT attributable to owners was ₹765.68 crore vs ₹437.36 crore.

• Consolidated service revenue increased to ₹1,182.06 crore from ₹1,137.37 crore; total income growth also reflected higher net gains on fair-value changes.

• Operating cash flow was ₹325.12 crore vs ₹395.43 crore; investing cash outflow was ₹145.79 crore and financing cash outflow ₹237.88 crore. Cash ended at ₹150.90 crore vs ₹209.45 crore.

Outlook and guidance

• Priorities include deepening T30 coverage, developing B30 markets, strengthening distributor relationships, and expanding international, pension and alternatives businesses.

• Digital priorities include end-to-end digital KYC, enhanced apps and websites, analytics-led cross-selling, customer engagement and cybersecurity investment.

• Industry projections cited indicate mutual-fund AUM could reach ₹120 lakh crore by FY 2029 at 17–18% CAGR; equity AUM is projected to grow 20–21% CAGR and ETFs 22–23% over FY 2024–29.