Thứ Sáu, Tháng Sáu 9, 2023
HomeBusinessUTI AMC Q4 FY23 net profit up 59% to ₹54 crore

UTI AMC Q4 FY23 net profit up 59% to ₹54 crore

Asset management company UTI has announced that its net profit increased by 59% to ₹86 crore in the quarter ended March fiscal 2023 compared to ₹54 crore recorded in the same period last year.

The fund house declared a dividend of $22 per share.

Operating revenue for the March quarter increased slightly at ₹309 crore (₹305 crore), while total expenses fell to ₹191 crore (₹208 crore).

Also read: Broker Call: UTI Asset Management (Buy)

Assets under management of the fund increased 15% to 15.56 lakh crore (13.49 lakh crore).

Portfolio management services accounted for 67% of AUM at 10.53 lakh crore, followed by MF’s business and retirement solution services which added up to 16% and 15% respectively at 2.39 lakh crore. crore and 2.41 lakh crore.

Inflows through the systematic investment scheme increased by 8% at ₹573 crore (₹531 crore).

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