{"id":102131,"date":"2023-04-27T11:40:00","date_gmt":"2023-04-27T06:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102131"},"modified":"2023-04-27T11:37:47","modified_gmt":"2023-04-27T06:07:47","slug":"uti-amc-q4-results-profit-after-tax-soars-59-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/uti-amc-q4-results-profit-after-tax-soars-59-yoy\/","title":{"rendered":"UTI AMC Q4 results: Profit after tax soars 59% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-303217948\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2079720286\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>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.<\/p><p>Total income grew marginally to Rs 309 crore in the quarter under review from Rs 305 crore in January-March 2021-22. &nbsp; &nbsp; The company&#8217;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.<\/p><p>As of March 2023, UTI AMC&#8217;s assets under management stood at Rs 15.56 lakh crore. &nbsp; &nbsp; &nbsp; &#8220;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 the years,&#8221; Imtaiyazur Rahman, MD and CEO at&nbsp;UTI AMC said.<\/p><div class=\"trade-content_5\" id=\"trade-443712041\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In entire 2022-23, PAT declined 18 per cent year-on-year to Rs 437 crore, and total income dropped three per cent to Rs 1,290 crore.<\/p><div class=\"trade-after-content\" id=\"trade-4292796350\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":102132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-102131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UTI AMC Q4 results: Profit after tax soars 59% YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=102131\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UTI AMC Q4 results: Profit after tax soars 59% YoY\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=102131\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T06:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/04\/uti-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/04\/uti-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=102131\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=102131\",\"name\":\"UTI AMC Q4 results: Profit after tax soars 59% YoY - 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