UTI AMC Q4 PAT Surges 59% YoY to Rs 86 Crore

UTI AMC Q4 PAT Surges 59% YoY to Rs 86 Crore

UTI Asset Management Company has announced a 59% surge in profit after tax (PAT) to Rs 86 crore for the three months ended March 2023, compared to Rs 54 crore for the same quarter a year ago. The company reported this growth in PAT in its regulatory filing on Wednesday. UTI AMC’s total income increased marginally to Rs 309 crore in the quarter under review from Rs 305 crore in January-March 2021-22. This growth in PAT is a positive sign for UTI AMC, which has been expanding its customer base and launching new products to compete with other players in the asset management space.