UTI Asset Management Company Limited Announces Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2021
April 29, 2021 at 03:45 am
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UTI Asset Management Company Limited announces consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2021. For the quarter, on consolidated basis the company reported total revenue from operations of INR 2,892.4 million against INR 1,363.2 million a year ago. Total income was INR 2,929.8 million against INR 1,459.8 million a year ago. Profit for the year was INR 1,336.3 million against loss of INR 275.8 million a year ago. Basic and diluted earnings per share was INR 10.56 against loss of INR 2.01 a year ago.
For the quarter, on standalone basis, the company reported total revenue from operations of INR 2,442.4 million against INR 1,797.7 million a year ago. Total income was INR 2,476.6 million against INR 1,846.7 million a year ago. Profit after tax was INR 1,134.6 million against INR 306.5 million a year ago. Basic and diluted earnings per share was INR 8.95 against INR 2.42 a year ago.
For the year, on consolidated basis, the company reported total revenue from operations of INR 11,685.2 million against INR 8,540.3 million a year ago. Total income was INR 11,986.3 million against INR 8,899.6 million a year ago. Profit after tax was INR 4,943.3 million against INR 2,749.2 million a year ago. Basic and diluted earnings per share was INR 38.97 against INR 21.41 a year ago.
For the year, on standalone basis, the company reported total revenue from operations of INR 9,405.6 million against INR 8,315.3 million a year ago. Total income was INR 9,681.5 million against INR 8,617.9 million a year ago. Profit after tax was INR 3,516.7 million against INR 3,091.6 million a year ago. Basic and diluted earnings per share was INR 27.74 against INR 24.38 a year ago.
UTI Asset Management Company Ltd is an India-based asset management company. The Company is engaged in the business of providing asset management services, portfolio management, advisory services and providing point of presence service to National Pension System (NPS) subscribers. The Company manages assets across different businesses, which includes domestic mutual fund, portfolio management services, international business, retirement solutions, and alternate investment assets. It provides portfolio management services (PMS) to institutional clients and high net worth individuals (HNIs). The Company provides discretionary PMS to the Employeesâ Provident Fund Organization (EPFO), the Coal Mines Provident Fund Organization (CMPFO), the Employeesâ State Insurance Corporation (ESIC), the National Skill Development Fund (NSDF), non-discretionary PMS to Postal Life Insurance (PLI) and advisory PMS to various offshore and domestic accounts.