UTI AMC Q2 CONCALL : CORE PAT JUMPS 22% YOY, MUTUAL FUND AUM REACHES ₹4.02 LAKH CR; SIP REGISTRATIONS IMPROVE, BUT EQUITY REDEMPTIONS REMAIN A CONCERN

• MANAGEMENT MAINTAINS STANDALONE EMPLOYEE COST GUIDANCE OF APPROXIMATELY ₹95 CR PER QUARTER & CONSOLIDATED EMPLOYEE COST OF ₹130 CR PER QUARTER • MANAGEMENT TARGETS LAUNCH OF ITS FIRST SPECIALIZED INVESTMENT FUND (SIF) IN Q3 FY27, FOLLOWING SEBI APPROVAL FOR A HYBRID LONG-SHORT STRATEGY • MANAGEMENT PLANS TO LAUNCH TWO INTERNATIONAL FUNDS BY Q3–Q4 FY27, SUPPORTING EXPANSION ACROSS GLOBAL INSTITUTIONAL MARKETS • MANAGEMENT EXPECTS EQUITY INFLOWS TO IMPROVE AS FUND PERFORMANCE RECOVERS, BUT HAS NOT PROVIDED NUMERICAL FY27 AUM OR REVENUE GROWTH GUIDANCE • Q2 CONSOLIDATED CORE REVENUE GREW 2% YOY TO ₹398 CR, WHILE CORE NET PROFIT JUMPED 22% TO ₹131 CR • Q2 CONSOLIDATED REPORTED NET PROFIT GREW 17% YOY TO ₹132 CR, BUT DECLINED 55% QOQ, REFLECTING VOLATILITY IN NON-CORE EARNINGS • H1 FY27 CONSOLIDATED CORE REVENUE GREW 1% YOY TO ₹777 CR, WHILE CORE NET PROFIT INCREASED 15% TO ₹263 CR • MUTUAL FUND QUARTERLY AVERAGE AUM INCREASED 2.3% QOQ TO ₹4.02 LAKH CR, WITH MARKET SHARE AT 4.61% & EQUITY-ORIENTED AUM CONTRIBUTING APPROXIMATELY 72% • TOTAL GROUP AUM STOOD AT ₹16.28 LAKH CR, INCLUDING PENSION AUM OF ₹4.32 LAKH CR, WHICH GREW 10.97% YOY • MONTHLY SIP & STP INFLOWS REACHED ₹982 CR, WHILE SIP AUM STOOD AT ₹45,572 CR & GROSS SIP SALES REACHED ₹2,583 CR DURING Q2 • COMPANY REGISTERED 5.96 LAKH NEW SIPs DURING Q2, CAPTURING 4.08% OF INDUSTRY NEW SIP REGISTRATIONS, WITH 87% ACQUIRED THROUGH DIGITAL CHANNELS • MANAGEMENT ACKNOWLEDGED CONTINUED EQUITY & HYBRID REDEMPTIONS, PARTICULARLY IN FLEXICAP, DESPITE IMPROVEMENT IN SHORT-TERM FUND PERFORMANCE • EQUITY & HYBRID FUNDS IN THE TOP TWO PERFORMANCE QUARTILES REACHED 51% ON A THREE-MONTH BASIS, WHILE FLEXICAP FUND PERFORMANCE IMPROVED TO THE FIRST QUARTILE • UTI ALTERNATIVES AUM SURGED 52% YOY TO ₹4,045 CR, WHILE FINTECH PARTNERS CONTRIBUTED 67% OF NEW INVESTOR ACQUISITION DURING Q2 • MANAGEMENT REMAINS FOCUSED ON SIP GROWTH, DIGITAL DISTRIBUTION & FUND PERFORMANCE RECOVERY, BUT FLEXICAP REDEMPTIONS, PASSIVE FUND YIELD DILUTION, MARKET SHARE PRESSURE & STAGNANT CORE REVENUE GROWTH REMAIN KEY RISKS

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