UTI AMC hit a 52-week high of Rs 965, while Nippon Life India AMC also traded in positive territory on BSE on Tuesday (January 30, 2024) after both mutual fund AMCs reported good December quarter numbers. 

UTI AMC share price and Q3 results

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

UTI Asset Management Company hit a 52-week high in morning deals on Tuesday and was soaring higher by 7.23 per cent, or Rs 62.70, at Rs 930.25 at 10:58 am. 

The AMC reported its Q3 numbers post market hours on Monday, reporting a 38 per cent rise in its standalone profit after tax (PAT) to Rs 150 crore against Rs 109 crore Year-on-Year (YoY)

Its standalone revenue also jumped by 23 per cent to Rs 346 crore in Q3 compared to Rs 281 crore reported in the same quarter last fiscal. 

UTI AMC's Ebidta, a key indicator to measure a company's profitability, also rose by 35 per cent to Rs 215 crore against Rs 159 crore YoY.

The margin in the December quarter stood at 62 per cent against 57 YoY.

Nippon Life Share Price and Q3 Results

The stock of Nippon Life India Asset Management Company was trading higher by 0.23 per cent, or Rs 1.20, at Rs 524.65. 

The company's standalone PAT jumped by 33.83 per cent to Rs 265 crore against Rs 198 crore YoY.

Its revenue from operations for the December quarter was up by 18.78 per cent to Rs 392 crore compared to Rs 330 crore in the third quarter last fiscal. 

Its Ebidta for the mutual fund firm stood at Rs 253.6 crore for the third quarter compared to Rs 209 crore in the same quarter last fiscal, a 21.34 percent rise.

The margin for the company stood at 64.68 per cent versus 63.33 per cent YoY.