2 weeks Ago
UTI Asset Management Company Q2 Results Live : UTI Asset Management Company announced its Q2 results on October 25, 2024, showcasing a significant growth in its financial metrics. The company's topline surged by 27.58% year-over-year, while profit saw an impressive increase of 30.
83% compared to the same period last year. However, when compared to the previous quarter, the revenue experienced a growth of only 10.59%, and profit faced a decline of 5.
9%. This indicates a mixed performance on a quarter-on-quarter basis. The company's Selling, General & Administrative expenses climbed by 1.
49% quarter-over-quarter and increased by 3.75% year-over-year, suggesting a rise in operational costs amidst growing revenue. Operating income reflected a positive trend, rising by 15.
29% from the previous quarter and a remarkable 54.02% year-over-year, signaling strong operational efficiency and profitability. Earnings per share (EPS) reached ₹ 18.
77 for Q2, marking a 30.35% increase year-over-year, which is a good indicator of the company's profitability per share. In terms of market performance, UTI Asset Management Company has delivered a -6.
2% return over the past week, but it has shown robust returns of 31.88% in the last six months and an impressive 44.19% year-to-date.
The company currently holds a market capitalization of ₹ 15,603.66 Crores, with a 52-week high of ₹ 1342.1 and a low of ₹ 725.
62, reflecting its strong position in the market. As of October 26, 2024, analysts' ratings present a diverse outlook for the company. Out of 14 analysts, 1 has given a Strong Sell rating, 3 have rated it as Sell, 4 as Hold, 3 as Buy, and 3 as Strong Buy.
The consensus recommendation as of October 26, 2024, stands at Hold, indicating a cautious but stable outlook for UTI Asset Management Company moving forward. UTI Asset Management Company Financials.
