India's UTI Asset Management up after Q3 revenue rise

UTI Asset Management

22/01/2026 04:39

** Shares of UTI Asset Management Company UTIA.NS rise 3% to 1,066 rupees; set to gain the most since October

** Asset manager's Q3 consol total rev from ops up 24% y/y; PAT down 20% impacted by exceptional items

** Co's operating expenses jump 75% y/y, driven by a one‑time 1.1 billion rupee ($12.01 million) charge tied to new labour code implementation

** Total group AUM up 11.4% to 23.15 trillion rupees, helped by SIP inflows

** Centrum upgrades stock to "Buy" from "Neutral", expects core PAT to grow at a 10% CAGR over FY25-28

** Analysts have a "Buy" rating on avg; median PT is 1,355 rupees - data compiled by LSEG

** UTIA down ~5.5% so far in January

($1 = 91.5850 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))