UTI AMC Reports 73% Decline in Q4 Net Profit Despite Stable Revenue
UTI Asset Management Company's Q4 results revealed a challenging quarter with net profit plummeting 73% to ₹330 million from ₹1.24 billion year-on-year. Despite this significant profitability decline, the company maintained revenue stability at ₹3.17 billion compared to ₹3.16 billion in the previous year's corresponding quarter. The results highlight operational pressures faced by the asset management company while demonstrating its ability to preserve top-line performance.
UTI AMC Reports 17.9% Drop in Q4 Profit, Declares ₹48 Final Dividend
UTI Asset Management Company announced its Q4 and FY23 results, showing a 17.9% decrease in Q4 net profit to ₹124.00 crore. For FY23, total income marginally increased by 0.37% to ₹1,320.21 crore, while net profit declined by 8.25% to ₹491.19 crore. The company declared a total dividend of ₹48.00 per equity share, including a final dividend of ₹26.00 and a special dividend of ₹22.00.