UTI Asset Management Reports Q2 FY26 Profit Decline Amid Market Challenges

UTI Asset Management Company Limited (UTI AMC), one of India's leading asset management firms, has reported its financial results for the second quarter of fiscal year 2026, revealing a decline in profitability amid challenging market conditions.

Key Financial Highlights

UTI AMC's standalone financial performance for Q2 FY26 shows a significant year-on-year decrease in profits:

Particulars (Standalone)	Q2 FY26	Q2 FY25	YoY Change
Profit	₹166.21	₹201.20	-17.4%
Revenue from Operations	₹390.22	₹416.64	-6.3%

For the half-year ended September 30, 2025, the company's standalone profit stood at ₹382.34 crore, compared to ₹387.01 crore in the corresponding period of the previous year, indicating a marginal decline.

Consolidated Performance

On a consolidated basis, the company's performance showed a more pronounced decline:

Particulars (Consolidated)	Q2 FY26	Q2 FY25	YoY Change
Profit Attributable to Owners	₹113.01	₹239.17	-52.7%

Dividend Distribution

UTI AMC has declared substantial dividends:

Final dividend of ₹26 per share
Special dividend of ₹22 per share

These dividends were paid during the reported period, reflecting the company's focus on maintaining shareholder value despite the challenging financial landscape.

Strategic Initiatives

The company has undertaken several strategic measures to address its operational structure and employee benefits:

Voluntary Retirement Scheme (VRS): The Board of Directors approved a VRS for certain categories of employees, effective from October 01, 2025. This move may be aimed at optimizing the company's workforce and improving operational efficiency.
Family Pension Benefits Revision: The company has revised family pension benefits for eligible employees. This revision resulted in an incremental liability of ₹24.91 crore, which has been accounted for in the Q2 FY26 financial results.

Market Position and Outlook

Despite the profit decline, UTI AMC continues to be a significant player in India's asset management industry. The company's ability to maintain a strong dividend payout in a challenging quarter suggests confidence in its long-term financial health and liquidity position.

The asset management sector in India faces various challenges, including market volatility and regulatory changes. UTI AMC's strategic initiatives, such as the VRS and pension benefit revisions, indicate proactive measures to adapt to the evolving business environment.

As the financial markets continue to navigate through uncertainties, UTI AMC's focus on operational efficiency and shareholder returns may help in maintaining its competitive position in the asset management landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.69%	+6.89%	+2.70%	+36.26%	+7.46%	+182.54%

UTI Asset Management Company Limited (UTI AMC) has appointed Vetri Subramaniam as its new Managing Director and Chief Executive Officer (CEO) following shareholder approval at the company's 8th Extraordinary General Meeting (EGM) held on September 30, 2025.

Key Decisions

The EGM, conducted via video conferencing, saw the passage of two significant resolutions:

Appointment of Vetri Subramaniam (DIN: 11106784) as a Director of the company, not liable to retire by rotation.
Approval of Subramaniam's appointment and remuneration as Managing Director & CEO, also not liable to retire by rotation.

Voting Results

Both resolutions were passed with a substantial majority:

Resolution	Votes in Favor
Appointing Subramaniam as a Director	99.75%
Approving his appointment and remuneration as MD & CEO	92.29%

Meeting Details

The EGM, chaired by Dinesh Kumar Mehrotra, Non-Executive Chairman and Independent Director, saw participation from 66 members. The meeting commenced at 14:00 hours IST and concluded at 14:22 hours IST.

E-Voting Process

UTI AMC provided remote e-voting facilities through KFin Technologies Limited, allowing shareholders to cast their votes electronically from September 27 to September 29, 2025. Additional e-voting was made available during the EGM for those who hadn't participated in remote voting.

Management Presence

Key management personnel present at the EGM included:

Imtaiyazur Rahman, outgoing Managing Director & CEO
Vinay Lakhotia, Chief Financial Officer
Vetri Subramaniam, MD & CEO-Designate

Several other executives, including heads of various departments, also attended the meeting.

The appointment of Vetri Subramaniam marks a new chapter for UTI AMC, one of India's leading asset management firms. Shareholders have shown strong support for this leadership transition, reflecting confidence in the company's future direction under Subramaniam's guidance.