UTI Asset Management Company Q2 FY27 Results: Consolidated Net Profit ₹132 Crore on Total Income of ₹415 Crore
Earnings
asset management
Blacklitt Research3 min read
UTI Asset Management Company (NSE: UTIAMC) reported consolidated total income of ₹414.76 crore and net profit of ₹132.31 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹337.22 crore and net profit of ₹143.10 crore, it said in a filing on 23 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹414.76 crore, down 1.6% YoY and 29.1% QoQ
Net profit and EPS: ₹132.31 crore, up 0.1% YoY; basic EPS ₹10.29 against ₹8.82
Tax expense: ₹42.89 crore, 24.5% of profit before tax of ₹175.20 crore
Final dividend paid: ₹40 per equity share in the quarter, approved at the AGM on 21 Jul 2026
Standalone
The company on its own, without its subsidiaries
Total income: ₹337.22 crore, down 13.8% YoY and 23.2% QoQ
Net profit and EPS: ₹143.10 crore, down 13.9% YoY; basic EPS ₹11.13 against ₹12.97
Tax expense: ₹37.93 crore, 21.0% of profit before tax of ₹181.03 crore
Finance costs: ₹3.12 crore, 0.9% of total income
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
414.76
421.42
-1.6%
585.23
-29.1%
Revenue from operations
414.59
418.55
-0.9%
583.51
-28.9%
Other income
0.17
2.87
-94.1%
1.72
-90.1%
132.31
132.20
+0.1%
293.86
-55.0%
Finance costs
3.27
3.31
-1.2%
3.28
-0.3%
Depreciation
13.11
12.70
+3.2%
13.07
+0.3%
Tax expense
42.89
31.91
+34.4%
74.08
-42.1%
Net profit margin
31.90%
31.37%
+0.53 pp
50.21%
-18.31 pp
Tax as share of profit before tax
24.5%
19.4%
+5.04 pp
20.1%
+4.35 pp
EPS, basic (₹)
10.29
8.82
+16.7%
22.86
-55.0%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit was flat on the year-earlier quarter while income fell. Net profit of ₹132.31 crore was 0.1% above the ₹132.20 crore of a year earlier, but total income fell 1.6% to ₹414.76 crore. Profit before tax rose 6.8% to ₹175.20 crore, and tax expense rose 34.4% to ₹42.89 crore, so the tax share of profit before tax rose to 24.5% from 19.4%.
Revenue from operations is almost all of the income: other income fell to ₹0.17 crore from ₹2.87 crore, and revenue from operations fell 0.9% to ₹414.59 crore. Depreciation rose 3.2% to ₹13.11 crore, while finance costs were ₹3.27 crore, or 0.8% of total income, a small line.
Against the June quarter, consolidated net profit fell 55.0% from ₹293.86 crore, while total income fell 29.1% from ₹585.23 crore. The statements show an exceptional item, the impact of VRS 2025 and changes in Labour Codes, of ₹108.90 crore in the year ended 31 Mar 2026 column, and none in the quarters shown.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
337.22
391.12
-13.8%
438.91
-23.2%
Revenue from operations
336.63
390.22
-13.7%
437.72
-23.1%
Other income
0.59
0.90
-34.4%
1.19
-50.4%
143.10
166.21
-13.9%
217.80
-34.3%
Finance costs
3.12
3.18
-1.9%
3.11
+0.3%
Depreciation
11.33
11.19
+1.3%
11.24
+0.8%
Tax expense
37.93
27.69
+37.0%
69.32
-45.3%
Net profit margin
42.44%
42.50%
-0.06 pp
49.62%
-7.19 pp
Tax as share of profit before tax
21.0%
14.3%
+6.67 pp
24.1%
-3.19 pp
EPS, basic (₹)
11.13
12.97
-14.2%
16.95
-34.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 13.9% year on year to ₹143.10 crore, slightly more than the 13.8% fall in total income to ₹337.22 crore. Revenue from operations fell 13.7% to ₹336.63 crore, of which sale of services was ₹324.05 crore.
Tax took a larger share of a smaller profit before tax. Standalone tax expense rose 37.0% to ₹37.93 crore, 21.0% of profit before tax of ₹181.03 crore, against 14.3% a year earlier. Standalone net profit is ₹10.79 crore above consolidated net profit for the quarter.
The notes say the results are largely reflective of the asset management business, and that there are no separate reportable segments under Ind AS 108. The consolidated statement gives geographic revenue of ₹374.02 crore from the domestic segment and ₹24.38 crore from the international segment.
The company paid a final dividend of ₹40 per equity share in the quarter, approved at the AGM on 21 Jul 2026. Dividing consolidated net profit by basic EPS gives about 12.86 crore shares, which implies a payout of about ₹514.32 crore, close to the ₹514.14 crore consolidated cash outflow for dividends in the half year.
Inference
The dividend is the main cash item in the filing: at ₹40 per share, the payout on the share count implied by consolidated EPS is about ₹514.32 crore, close to the half-year cash outflow for dividends. Stock option exercises added 14,884 equity shares in the quarter, a small change to the share count.
Per share, consolidated basic EPS was ₹10.29 against ₹8.82 a year earlier, and standalone basic EPS was ₹11.13 against ₹12.97. The filing does not say why revenue and profit fell from the June quarter, nor how much of profit comes from net gains on fair value changes, and it does not say whether any interim dividend will be declared.
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UTIAMCUTI Asset Management Company Ltd.
