Page 2 - Uti Amc

UTI AMC's profit after tax soars 59% to Rs 86 cr in March quarter

UTI Asset Management Company (AMC) on Wednesday reported 59 per cent jump in profit after tax (PAT) at Rs 86 crore for the three months ended March 2023. In comparison, the company posted a PAT of Rs 54 crore for the same quarter a year ago, UTI AMC said in a regulatory filing. Total income grew marginally to Rs 309 crore in the quarter under review from Rs 305 crore in January-March 2021-22. The company's board recommended a final dividend of Rs 22 per share for FY23 as against Rs 21 per share for FY22. The final dividend for FY23 is subject to approval of shareholders. As of March 2023, UTI AMC's assets under management stood at Rs 15.56 lakh crore. "As the brand UTI is completing six decades of being a front runner in promoting the development of the financial sector, we remain steadfast in our commitment towards our stakeholders. Our focus on offering innovative and customized solutions that cater to the diverse needs of our investors has been instrumental in our success over

UTI AMC reports 60% jump in Q4 net profit to Rs 86 cr on lower expenses

The revenue from operations remained flat at Rs 301 crore for the quarter under review

HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow

Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts

UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.

Early pivot unlikely in the face of persistent inflation: UTI AMC's Chopra

"Credit funds have performed quite well in 2022, on the back of an improving economic cycle, low-interest rates, and easing liquidity as domestic and global economies opened up"

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it

BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the expo

Known for his successful efforts in restructuring the erstwhile Unit Trust of India into UTI AMC and Specified Undertaking of UTI (SUUTI), Meleveetil Damodaran chaired Sebi from Feb 2005 to Feb 2008

Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities

If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India

UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz

According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.

UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally

The overall trend for asset management shares continues to remain bullish, say charts.

UTI AMC, Punjab National Bank shares jump on the stake sale plans

The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5

PNB surges 8% to hit 21-month high on govt's nod to divest stake in UTI AMC

PNB received the government's approval to divest its entire stake in UTI Asset Management Company (AMC) as part of its non-core asset sale plan and shore up its capital base.

PNB gets Centre's approval to divest its entire stake in UTI AMC

The bank holds 15.22 per cent stake in UTI AMC worth around Rs 1300 crore at current valuation

Listed asset management companies see subdued profit growth in Q2

The brokerage has set a March 2024 target of Rs 2,470 for HDFC AMC and Rs 400 for Nippon India AMC

Investors could continue to allocate to equity funds, says UTI AMC CIO

Investors should be guided by valuations in determining risk and allocation rather than events that cannot be predicted, said Vetri Subramaniam

UTI AMC falls 5% as co denies reports of stake sale to Tata Group

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC

According to technical analyst from HDFC Securities, Chalet Hotels is trying to find support at 50 days EMA, whereas, UTI AMC has formed a bullish 'hammer' candlestick pattern on the chart.

Listed AMCs see a muted January-March quarter due to pressure on yields

UTI AMC saw its profit after tax drop 60 per cent year-on-year (YoY), while Aditya Birla Sun Life AMC saw its profits increase just 1 per cent

UTI AMC slides 7% on disappointing December quarter earnings

In Q3, the company's revenue from operation declined 10 per cent YoY at Rs 309 crore, while profit after tax was down 9 per cent YoY at Rs 127 crore.