Earnings call transcript: UTI AMC Q2 2026 beats revenue estimates

UTI Asset Management reported revenue of 3.98 billion during Q2 2026, exceeding the 3.90 billion forecast by 2.05%. Earnings per share came in at 14.7. The stock rose by 0.51%, or $4.15, to $810.70 from $806.55. Investors seemed content with the modest revenue beat but remained cautious due to slower core growth, outflows in some equity schemes, and a mixed profit picture.

UTI's core profit improved by 31% year-over-year, while reported profit after tax declined by 14% year-over-year and 55% quarter-over-quarter due to one-time factors. The company's SIP franchise remained resilient with a 70% closure rate, but equity and hybrid outflows remained a concern. UTI is expanding its product lineup, including passive funds and a specialized investment fund.

The company expects to launch several new funds in the second half of the fiscal year. UTI AMC's stock is still near the lower end of its 52-week range, with a gap indicating a conservative market view despite stable franchise and improving core profitability.