UTI Asset Management Company Limited reported a 6% year-on-year increase in consolidated profit after tax (PAT) to ₹129 crore for the first quarter of FY27, driven by stable core revenue and disciplined cost management. The asset manager’s quarterly average assets under management (AUM) reached ₹3,92,691 crore, approaching the ₹4 lakh crore milestone, while total group AUM stood at slightly over ₹20 lakh crore. Management highlighted a high-quality asset mix, with equity-oriented schemes accounting for 70% of average mutual fund AUM, compared to the industry’s 62% equity share.

The company declared a final dividend of ₹40 per equity share at its Annual General Meeting held on July 21, 2026, representing a payout ratio of 95%. Standalone core revenue from operations remained flat year-on-year at ₹308 crore but rose 1% quarter-on-quarter. Standalone EBITDA increased 1% year-on-year to ₹171 crore, while standalone PAT grew 1% year-on-year to ₹119 crore. On a consolidated basis, core revenue was ₹379 crore, stable year-on-year, with consolidated EBITDA rising 3% year-on-year to ₹178 crore.

Operational Highlights

UTI AMC expanded its investor base significantly during the quarter, adding approximately 3.89 lakh new folios to reach a total live folio base of 1.42 crore. The company also onboarded 2.51 lakh new investors measured by PAN. Systematic Investment Plan (SIP) inflows remained robust, with gross SIP inflows totaling ₹2,502 crore and SIP AUM growing 8.05% year-on-year to ₹45,595 crore. Digital engagement accelerated, with digital purchase transactions reaching 60.9 lakh in June 2026, a 23.93% increase from 49.14 lakh in June 2025.

Subsidiary Performance

UTI Pension Fund Limited, a wholly-owned subsidiary, recorded a 13% year-on-year growth in AUM to approximately ₹4.31 lakh crore as of June 30, 2026, managing 24.16% of the National Pension System (NPS) industry’s AUM. UTI International managed an AUM of USD 1.48 billion (₹14,027 crore), with its flagship India Dynamic Equity Fund holding USD 511.56 million. UTI Alternatives saw its total commitment across active funds rise to ₹3,843 crore from ₹2,679 crore in June 2025. The Structured Debt Opportunities Fund IV secured commitments of approximately ₹900 crore as of June 30, 2026.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the contribution of subsidiaries. While standalone PAT grew modestly by 1%, consolidated PAT expanded by 6%, indicating that subsidiary operations, particularly in pension and alternatives, are beginning to offset international headwinds. The company’s decision to maintain a 95% payout ratio despite investing heavily in pension headcount expansion suggests management confidence in cash flow stability. However, the absence of non-controlling interest in this quarter’s balance sheet, due to the exit from SDOF II and partial stake sale in SDOF III, artificially boosts net profit margins compared to prior periods where consolidation requirements existed.

UTI Asset Management Company Ltd has appointed Ms. P V Bharathi as the new Chairperson of the Board and the Company, effective July 29, 2026. The decision was taken during a board meeting held on July 22, 2026. Ms. Bharathi, a Non-Executive Independent Director, succeeds Mr. Deepak Kumar Chatterjee, who will step down following the completion of his second term as Non-Executive Independent Director on July 28, 2026.

Mr. Deepak Kumar Chatterjee (DIN: 03379600) will cease to be the Chairperson of the Board and a member of the Risk Management Committee, Stakeholders Relationship Committee, Unitholder Protection Committee, and FINCON Governance Committee from the close of business hours on July 28, 2026. The Board acknowledged his valuable contributions and guidance during his tenure with the company.

Ms. P V Bharathi (DIN: 06519925) brings 37 years of professional banking experience to the role. She began her career as a Probationary Officer at Canara Bank in December 1982 and retired as Executive Director (WTD) in September 2016. Her extensive experience includes serving as the MD & CEO of Corporation Bank, where she led the bank out of Prompt Corrective Action, and as a Chief Risk Officer where she implemented advanced risk management frameworks.

The appointment follows the disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting, which commenced at 1400 hrs IST and concluded at 1745 hrs IST, also reviewed the requisite regulatory filings attached as Annexure-A and Annexure-B.

Key Directorial Changes