UTI AMC Q1 results show revenue up from 308.68 crores to 468.57 crores, a 51.80% increase in growth. EPS rise from ₹6.75 to ₹18.46, up by 173.48%.
First, Let’s Begin with Quarter-on-Quarter Basis:
UTI AMC shared its Q1 results on Tuesday. They earned 468.57 crores in revenue this quarter, but that’s more than the 308.68 crores they made last quarter. The company’s growth increased by 51.80 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 234.41 crores, up from 85.70 crores in the previous quarter. Their quarter-to-quarter growth increased by 173.52 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹18.46, which is an increase of 173.48% from the ₹6.75 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 468.57 crores this year (2023), which is 53.15 percent higher than last year’s total revenue of 305.96 crores.
This year’s PAT (Profit After Tax) is 234.41 crores, which is also 156.16% higher than last year’s PAT of 91.51 crores.
The EPS (Earnings Per Share) for this year is ₹18.46, which is 156.39% more than the EPS of ₹7.20 earned last year.
Also Read: Jubilant Foodworks Q1FY24 Results: Consolidated PAT of Rs. 28.91 Cr
UTI AMC Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About UTI AMC:
UTI Mutual Fund emerged as a separate entity from the former Unit Trust of India on 1st February 2003. It became a registered mutual fund under the Securities and Exchange Board of India (SEBI). This restructuring led to the repeal of the Unit Trust of India Act 1963 and resulted in the division of UTI into two parts: the Specified Undertaking of Unit Trust of India and UTI Mutual Fund.
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