UTI Asset Management Company Limited Announces Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020
January 29, 2021 at 05:48 pm
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UTI Asset Management Company Limited announced standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2020. For the quarter, on standalone basis, the company reported total revenue from operations was INR 2,603.2 million against INR 2,194.3 million a year ago. Total income was INR 2,663.0 million against INR 2,269.5 million a year ago. Profit after tax was INR 807.3 million against INR 870.8 million a year ago. Basic and diluted earnings per share was INR 6.37 against INR 6.87 a year ago.
For the nine months, on standalone basis, the company reported total revenue from operations was INR 6,963.2 million against INR 6,517.6 million a year ago.
Total income was INR 7,204.9 million against INR 6,771.2 million a year ago. Profit after tax was INR 2,382.1 million against INR 2,785.1 million a year ago. Basic and diluted earnings per share was INR 18.79 against INR 21.97 a year ago.
For the quarter, on consolidated basis, the company reported total revenue from operations was INR 3,419.3 million against INR 2,445.0 million a year ago. Total income was INR 3,482.6 million against INR 2,484.6 million a year ago. Profit for the year was INR 1,402.2 million against INR 897.5 million a year ago. Basic and diluted earnings per share was INR 11.06 against INR 6.63 a year ago.
For the nine months, on consolidated basis, the company reported total revenue from operations was INR 8,792.8 million against INR 7,177.1 million a year ago. Total income was INR 9,056.5 million against INR 7,439.8 million a year ago. Profit for the year was INR 3,607.0 million against INR 3,025.0 million a year ago. Basic and diluted earnings per share was INR 28.41 against INR 23.42 a year ago.
UTI Asset Management Company Ltd is an India-based asset management company. The Company provides portfolio management services and advisory services to its clients. It also provides point of presence service to National Pension System (NPS) subscribers. The Company's diverse businesses includes domestic mutual fund, portfolio management services, international business, retirement solutions, and alternate investment assets. The Company offers Discretionary portfolio management services (PMS) to the Employeesâ Provident Fund Organisation (EPFO), the Coal Mines Provident Fund Organisation (CMPFO), the Employeesâ State Insurance Corporation (ESIC), and the National Skill Development Fund (NSDF), Non-Discretionary PMS to the Directorate of Postal Life Insurance (PLI), and Advisory PMS to various offshore accounts.
UTI Asset Management Company Limited Announces Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020