India's pioneer AMC, running mutual funds, PMS, NPS pension funds, AIFs and international advisory
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 337 | −13.6% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 58.0 | +5.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 143 | −13.9% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 12.55 | −6.0 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 21.47 | −4.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 8.30 | −14.5 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Guidance
4 of 16 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Standalone Blended Yield Benchmark | 34 bps | Q4 FY24 | Target period (Q1 FY25) has passed. The final verdict of 'achieved' remains. | Achieved |
| Effective Tax Rate | 20-21% | Q2 FY24 | Target period (FY24) has passed. The final verdict of 'ghosted' remains. | Ghosted |
| Tax Rate | 23% to 24% | Q4 FY25 | Target period (FY26) has passed. The final verdict of 'revised_up' remains. | Revised Up |
12 of UTI AMC's 27 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 24 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹1,340.3 on 24 Oct 2025 → ₹806.55. High ₹1,340.3 (24 Oct 2025), low ₹806.55 (26 Oct 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
UTI Asset Management Company manages investor money across mutual funds, portfolio management services (PMS), National Pension System (NPS) funds, alternative investment funds (AIFs), and offshore advisory mandates, earning fee income on assets under management. It distributes mutual fund products through a network of direct distributors, mutual fund distributors (MFDs), banks, national distributors and fintech partners spread across most of India's districts, alongside a network of company-run investor service branches. It also runs a dedicated NPS point-of-presence branch network for government and non-government pension subscribers. Its subsidiaries UTI International, UTI Pension Fund, UTI Alternatives and UTI HART Financial and Investment Services extend the group into offshore funds, pension management, alternative funds and other financial services.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
4 of 16 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Standalone Blended Yield Benchmark | 34 bps | Q4 FY24 | Target period (Q1 FY25) has passed. The final verdict of 'achieved' remains. | Achieved |
| Effective Tax Rate | 20-21% | Q2 FY24 | Target period (FY24) has passed. The final verdict of 'ghosted' remains. | Ghosted |
| Tax Rate | 23% to 24% | Q4 FY25 | Target period (FY26) has passed. The final verdict of 'revised_up' remains. | Revised Up |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 27 tracked commitments, with each call’s wording and source.
Call summaries
UTI AMC Q1 FY27
UTI AMC reported a strong Q1 FY27 with consolidated PAT up 6% YoY and EBITDA up 3% YoY, driven by robust Mutual Fund AUM growth and significant digital adoption. While PMS AUM saw a QoQ decline due to an EPFO mandate transfer and the international business faced cyclical headwinds, the company remains focused on its Mission 2031 strategy, emphasizing long-term wealth creation and expanding its distribution and digital capabilities.
Read the full callUTI AMC Q4 FY26
UTI AMC reported a resilient Q4 and FY26, marked by strong AUM growth, significant new investor additions, and robust SIP contributions. The company achieved substantial efficiency gains through digital transformation and maintained a high dividend payout. However, consolidated profitability saw a decline, and employee costs rose due to strategic investments. The international business faced macro-economic headwinds, and equity net flows remained negative, prompting a strategic focus on SIP growth and product diversification.
Read the full callUTI AMC Q2 & H1 FY26
UTI AMC reported a quarter of steady AUM growth despite market volatility, underpinned by strong performance in its Pension Fund and digital channels. The period was marked by significant strategic shifts, including the announcement of a leadership succession plan and a major Voluntary Retirement Scheme (VRS) aimed at workforce rejuvenation. While one-time pension costs impacted reported profits, normalized core profitability showed sequential improvement.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: −14% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 329 | 317 | 437 | 390 | 423 | 317 | 438 | 337 |
| Expenses | 129 | 136 | 140 | 183 | 143 | 253 | 137 | 142 |
| Operating profit | 200 | 181 | 297 | 207 | 280 | 64 | 300 | 195 |
| Operating margin | 61.0% | 57.0% | 68.0% | 53.0% | 66.0% | 20.0% | 69.0% | 58.0% |
| Other income | 1 | 1 | 1 | 1 | -108 | 14 | 1 | 1 |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Profit before tax | 187 | 169 | 284 | 194 | 158 | 63 | 287 | 181 |
| Tax rate | 24.0% | 27.0% | 24.0% | 14.0% | 22.0% | 46.0% | 24.0% | 21.0% |
| Net profit | 142 | 124 | 216 | 166 | 124 | 34 | 218 | 143 |
| EPS (₹ per share) | 11.14 | 9.69 | 16.88 | 12.96 | 9.62 | 2.62 | 16.95 | 11.13 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,324 | 1,336 | 1,450 | 1,567 |
| Expenses | 713 | 525 | 529 | 719 |
| Operating profit | 612 | 813 | 919 | 848 |
| Other income | 23 | 3 | 7 | -92 |
| Interest | 8 | 11 | 12 | 12 |
| Depreciation | 40 | 38 | 41 | 44 |
| Profit before tax | 586 | 766 | 874 | 699 |
| Net profit | 440 | 599 | 653 | 540 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 127 | 127 | 128 | 128 | 129 | 129 |
| Reserves | 3,221 | 3,558 | 3,658 | 4,257 | 3,607 | 3,442 |
| Borrowings | 0 | 0 | 139 | 0 | 129 | 128 |
| Other liabilities | 270 | 296 | 254 | 1,050 | 327 | 341 |
| Total liabilities | 3,618 | 3,981 | 4,179 | 5,435 | 4,191 | 4,040 |
| Fixed assets | 365 | 401 | 400 | 408 | 386 | 380 |
| Capital work in progress | 9 | 3 | 9 | 2 | 4 | 3 |
| Investments | 2,879 | 3,334 | 3,501 | 4,414 | 3,505 | 3,377 |
| Other assets | 366 | 243 | 269 | 612 | 296 | 279 |
| Total assets | 3,618 | 3,981 | 4,179 | 5,435 | 4,191 | 4,040 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 7 | 13 | 18 | 8 | 11 | 8 |
| Cash conversion cycle | 7 | 13 | 18 | 8 | 11 | 8 |
| Working capital days | -60 | -42 | -39 | -41 | -15 | -32 |
| Return on capital employed | 17.0% | 18.0% | 17.0% | 22.0% | 23.0% | 21.0% |
| Dividend payout | 61.0% | 64.0% | 66.0% | 100.0% | 94.0% | 95.0% |
The businesses behind the company’s reported revenue.
Domestic Segment (India) contributes 84.2% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹491.48 crore
₹92.03 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Domestic Segment (India) | 491.48 | 84.2% |
| International Segment | 92.03 | 15.8% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
International Segment grew from 8% to 16% of revenue over the last two years.
| Segment | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Domestic Segment (India) | — | — | — | — | — | 91% | 93% | 84% | — |
| International Segment | 8% | 17% | 11% | 9% | 8% | 9% | 7% | 16% | +97.4% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Domestic institutions hold 59.12% as of Sept 2026; institutions cut 0.68 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of UTI AMC above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 22.69% | unchanged | |
| Bank | 15.03% | unchanged |
| Bank | 9.85% | unchanged |
| Insurer | 9.85% | unchanged |
| Bank | 9.85% | unchanged |
| Mutual fund | 5.28% | +0.61 pp |
| Mutual fund | 2.89% | −1.56 pp |
| Mutual fund | 2.82% | +0.47 pp |
| Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 1 added, 4 trimmed, 2 sold out — net −3.51 L shares (−3.3%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Small Cap Fund HDFC Mutual Fund | ₹412 Cr | +5.07 L | Jun '25 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹149 Cr | held | May '23 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹133 Cr | held | Apr '23 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹88 Cr | held | Apr '26 |
| HDFC Large & Mid Cap Fund HDFC Mutual Fund | ₹48 Cr | held | Feb '25 |
| Nippon India Aggressive Hybrid Fund Nippon India Mutual Fund | ₹39 Cr | held | Dec '22 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹29 Cr | held | Dec '22 |
| HDFC Multi Asset Allocation Fund HDFC Mutual Fund | ₹9 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 4 trimmed — net −3.51 L shares (−3.3%)
Shares held by these funds −17%
Oct '23 1.04 cr shares Sep '26
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