UTI Asset Management Company Limited Core PAT Rises 22% in Q2

UTI Asset Management Company Limited reported consolidated core profit after tax of ₹131 crore for the quarter ended September 30, 2026, a 22% year-on-year increase. Its quarterly average mutual fund assets under management rose to ₹4.02 lakh crore from ₹3.93 lakh crore in the preceding quarter, while consolidated core revenue reached ₹398 crore.

What did UTI AMC report for Q2 FY27?

UTI AMC reported a 22% year-on-year rise in consolidated core profit after tax to ₹131 crore in Q2 FY27. Consolidated core revenue from the sale of services was ₹398 crore, compared with ₹390 crore in the corresponding quarter a year earlier, representing 2% growth.

The company’s standalone business also showed higher profitability. Standalone core income, described as sale of services, stood at ₹324 crore, up 2% year-on-year and 5% sequentially. Standalone core profit after tax was ₹136 crore, up 31% year-on-year and 14% quarter-on-quarter.

For the first half of FY27, UTI AMC reported consolidated core revenue of ₹777 crore and consolidated core profit after tax of ₹263 crore. The company said standalone core income for the six months was ₹632 crore, up 1% year-on-year, while standalone core profit after tax increased 14% to ₹253 crore.

How did UTI AMC’s assets under management change?

UTI AMC’s quarterly average mutual fund AUM increased to ₹4.02 lakh crore in Q2 FY27 from ₹3.93 lakh crore in Q1 FY27. The company said this translated into a 4.61% market share in the mutual fund industry.

Total group AUM stood at ₹16.28 lakh crore as of September 30, 2026. Group AUM is materially larger than mutual fund AUM because it includes assets handled across the wider group’s businesses and mandates.

The AUM movement came during a period of continued retail participation in Indian mutual funds. Industry equity-oriented schemes received net inflows of ₹92,333 crore during Q2 FY27, taking first-half equity-oriented inflows to ₹1.83 lakh crore, according to management’s remarks during the earnings call.

What was the mutual fund industry backdrop in the quarter?

The mutual fund industry backdrop remained supported by domestic activity and sustained systematic investing, according to UTI AMC. Management noted that India’s GDP grew 7.8% in the June quarter, supported by manufacturing and services activity.

Monthly SIP contributions for the industry reached a record ₹32,490 crore in September 2026. Industry SIP AUM stood at ₹17.86 lakh crore in the same month. These figures indicate that systematic investment plans continued to provide a recurring source of household participation in mutual funds.

Equity-oriented schemes recorded ₹38,307 crore of inflows in September 2026. For asset managers, persistent SIP contributions can support the scale of equity assets over time, although quarterly revenue and profitability also depend on product mix, market levels, fee structures and operating costs.

Why does the Q2 performance matter for investors?

The quarter matters because UTI AMC delivered stronger core profitability despite only modest growth in consolidated core revenue. Consolidated core PAT increased 22% year-on-year, while revenue rose 2%, showing that the company’s quarterly earnings performance improved faster than its reported core income.

The rise in average mutual fund AUM is also relevant because asset management fees are linked to assets managed. UTI AMC’s average mutual fund AUM rose by ₹9,000 crore from the preceding quarter, although the company’s reported market share remained at 4.61%.

Investors should distinguish between the company’s core measures and reported net profit figures where applicable. The earnings call highlighted core income and core profit after tax as measures tied to the sale of services, while other income or non-core items can affect total reported profit in a particular period.

What did management say about UTI AMC’s strategy and leadership?

UTI AMC said its discussion with investors would cover the macroeconomic environment, progress on strategic priorities in Q2 and H1 FY27, and the company’s long-term growth opportunities. Chief Financial Officer and Head of Corporate Strategy Vinay Lakhotia represented management on the call along with Sandeep Samsi, Head of Investor Experience and Corporate Affairs.

Managing Director and Chief Executive Officer Vetri Subramaniam did not attend the call due to what the company described as an urgent family exigency. The company said its quarterly and half-year financial results, investor presentation and press release had been shared with stock exchanges and published on its website.

The disclosed figures place focus on UTI AMC’s ability to maintain AUM growth and improve core earnings while operating in a competitive fund-management market. Industry-wide equity inflows and SIP contributions provide the broader context, but the company’s own fund flows, product mix and market share will remain important indicators.

Conclusion

UTI AMC’s Q2 FY27 results showed higher consolidated core profitability, with core PAT rising 22% year-on-year to ₹131 crore and average mutual fund AUM reaching ₹4.02 lakh crore. The result was supported by a domestic mutual fund industry that continued to receive substantial equity inflows and record monthly SIP contributions.

The next disclosures to watch are the company’s mutual fund AUM trend, its 4.61% market share, core revenue growth and the development of industry SIP and equity-fund flows. These metrics will indicate whether the stronger Q2 profitability is accompanied by sustained asset growth in subsequent quarters.