UTI Asset Management Company Ltd - A Success Story:

04 August 2023

UTI Asset Management Company (UTI AMC) is one of the leading mutual fund companies in India. In 2021, UTI AMC went public through an IPO. The IPO was a success, and the shares were listed on the stock exchange at a price of Rs.552.

Now share is trading at Rs. 780 above our investment price, which was Rs. 550.

And investors have made an absolute return of 42%.

Financial Highlights for Q1 FY 24:

·       Total Revenue from Operations for the Q1 was ₹ 468 cr., up 60% YoY & 56% QoQ.

·       The Profit before Tax for this quarter was ₹ 288 cr., up by 177% YoY & 144% QoQ.

·       Q1 FY 24 Profit after Tax (PAT) was at ₹ 234 cr., up 154% YoY and 172% QoQ.