UTI Asset Management Company Limited reported a consolidated net profit of ₹294 crore for the quarter ended June 30, 2026, representing a 24% increase compared to ₹237 crore in the corresponding period of the previous year. The asset manager's revenue from operations grew to ₹584 crore from ₹547 crore in Q1FY26, primarily driven by a net gain on fair value changes which amounted to ₹187 crore. On a standalone basis, the company recorded a profit of ₹218 crore for the quarter, slightly higher than the ₹216 crore reported in the same quarter last year.

Financial Performance

The company's total income on a consolidated basis stood at ₹585 crore for Q1FY27, up from ₹549 crore in the prior year. Total expenses for the quarter were ₹217 crore, a marginal decrease from ₹223 crore in Q1FY26. The profit before tax for the quarter was ₹368 crore, compared to ₹326 crore in the previous year. The basic earnings per share (EPS) for the quarter increased to ₹22.86 from ₹18.50 in the year-ago period.

Consolidated Financial Results (₹ in crore)

Standalone Results

In its standalone financial results, UTI AMC posted a total revenue from operations of ₹438 crore for the quarter ended June 30, 2026, compared to ₹437 crore in the same quarter of the previous year. The standalone profit for the period was ₹218 crore, while the total comprehensive income for the quarter stood at ₹205 crore. The standalone basic EPS was reported at ₹16.95.

Operational Details

The Board of Directors approved the unaudited standalone and consolidated financial results in its meeting held on July 22, 2026. The results were subjected to a limited review by the statutory auditors, B S R & Co. LLP. During the quarter, the company allotted 5,302 equity shares of face value ₹10 each pursuant to the exercise of stock options. Additionally, shareholders approved a final dividend of ₹40 per equity share at the Annual General Meeting held on July 21, 2026.

The company's consolidated financial results include the performance of subsidiaries such as UTI International Limited, UTI Pension Fund Limited, and UTI Alternatives Private Limited. The geographical revenue data indicates that the Domestic Segment (India) contributed ₹353.33 crore, while the International Segment contributed ₹25.41 crore to the total revenue from operations for the quarter.

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