UTI Asset Management Company (UTIAMC) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue from operations rose 6.6% to ₹1,851.09 crore; PAT attributable to owners fell 4.5% to ₹731.49 crore, while reported core PAT rose 43% to ₹492 crore.

• Total Group AUM increased 14% YoY to ₹21.05 lakh crore; mutual fund QAAUM reached ₹3.40 lakh crore, up 16.8%.

• The Board recommended a ₹48 per-share final dividend, comprising ₹26 normal and ₹22 special; proposed payout ratio is 94% of PAT, versus 99% a year earlier.

Financial highlights

• Consolidated revenue from operations was ₹1,851.09 crore versus ₹1,736.96 crore; PBT rose 6.6% to ₹1,052.17 crore and PAT was ₹812.96 crore versus ₹802.03 crore.

• PAT attributable to owners was ₹731.49 crore, down 4.5% YoY from ₹765.68 crore; the decrease reflected higher PAT attributable to non-controlling interests.

• Standalone revenue from operations rose to ₹1,449.21 crore from ₹1,337.31 crore; standalone PAT increased to ₹653.52 crore from ₹600.52 crore.

• Core revenue from operations increased 22% to ₹1,445 crore and core PAT rose 43% to ₹492 crore, as reported in the MD & CEO's review.

• Net cash from operating activities was ₹536.35 crore, versus ₹325.12 crore; dividends paid were ₹598.66 crore, versus ₹279.36 crore.

Outlook and guidance

• Industry mutual fund AUM is projected to grow at a 16–18% CAGR from FY25 to FY30, reaching ~₹150 lakh crore; industry revenue and PAT are forecast to grow at 15–16% and 18–19% CAGRs.

• Industry equity AUM is projected to grow at a 21–22% CAGR through FY30; debt AUM at 12–13% and liquid/money-market AUM at 9–10%.

• Pension fund management targets ₹4.30 lakh crore AUM by March 2026, ~20% above March 2025, and expansion from 21 to at least 40 operating locations.

• Vetri Subramaniam was selected as the next MD & CEO; appointment remained subject to trustee approval and subsequent shareholder approval, with a transition plan to follow.