UTI AMC Q1 Results Review - Remains Cheapest Asset Manager Play: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.UTI Asset Management Company Ltd.'s calculated revenue yield was stable even after unfavorable product mix change:The share on equity quarterly average assets under management and Hybrid QAAUM in total QAAUM was down sequentially by -63 basis points and -11bps respectively. On the other hand, the share of exchange traded fund and Index fund QAAUM in total QAAUM was up by 126 bps sequentially. The revenue yield of Equity and Hybrid funds is much higher than ETF and Index fund’s yield. However, even after the unfavorable product mix change the calculated revenue yield for the quarter has remain stable sequentially..Higher operating efficiency leads to better operating margin:The Equity QAAUM has grown by 4.5% QoQ and Hybrid QAAUM has grown by 5.4% QoQ. Even after sequential business growth in key fund segments the employee cost in Q1 FY25 was down by -2.5% QoQ and other operating expense was down by - 9.4% QoQ. The total opex in 1Q was down -5.1% QoQ. This has led to an improvement in operating margin which came in at 47.1% in 1Q up by 617 bps QoQ and 653bps YoY..We maintain an ‘Add’ rating on UTI AMC with an unchanged price target of Rs 1225. .Click on the attachment to read the full report:.Chalet Hotels Q1 Results Review - Expands Into Leisure Markets: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

UTI AMC Q1 Results Review - Remains Cheapest Asset Manager Play: Yes Securities

Revenue yield was stable while operating margin improved, says the brokerage.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

UTI AMC Q1 Results Review - Remains Cheapest Asset Manager Play: Yes Securities

Revenue yield was stable while operating margin improved, says the brokerage.

Choose a plan

Follow Us

DOWNLOAD THE APP