UTI Asset Management (NSE:UTIAMC) Full Year 2024 Results
Key Financial Results
- Revenue: ₹17.4b (up 38% from FY 2023).
- Net income: ₹7.66b (up 75% from FY 2023).
- Profit margin: 44% (up from 35% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: ₹60.26 (up from ₹34.47 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
UTI Asset Management Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 14% growth forecast for the Capital Markets industry in India.
Performance of the Indian Capital Markets industry.
The company’s shares are up 8.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we’ve spotted 3 warning signs for UTI Asset Management you should be aware of, and 2 of them don’t sit too well with us.
Valuation is complex, but we’re helping make it simple.
Find out whether UTI Asset Management is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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