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UTI Asset Management Company reports 53% fall in Q3 consolidated net profit

02 Feb 2023 Evaluate

UTI Asset Management Company has reported results for third quarter ended December 31, 2022.

The company has reported rise of 4.18% in its net profit at Rs 108.16 crore for Q3FY23 as compared to Rs 103.82 crore for the corresponding quarter previous year. Total income of the company increased by 12.62% to Rs 280.58 crore for the quarter under review as compared to Rs 249.14 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 52.72% in its net profit at Rs 60.01 crore for Q3FY23 as compared to Rs 126.93 crore for the same quarter in the previous year. Total income of the company decreased by 4.92% to Rs 293.39 crore for the quarter under review as compared to Rs 308.57 crore for the same quarter in the previous year.

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