UTI Asset Management Company Limited (UTIAMC) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

UTI Asset Management Company is one of India's leading asset managers, spanning mutual funds, passive funds, pension fund management and international investment solutions. With its mutual fund market share at 4.72% and SIP share at ~2.7%, the Q2 FY 2026-2027 print will speak to whether that share erosion is stabilising and how much of the Q1 fair-value-driven profit surge repeats after the Nifty's 5.67% September fall.

UTI Asset Management Company Limited Q2 Results Date and Time

The Board of UTI Asset Management Company will meet on Friday, October 23, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026.

The Q2 & H1 FY27 earnings call is scheduled for October 27, 2026, at 1600 hrs IST. Management representation includes MD & CEO Mr. Vetri Subramaniam, CFO Mr. Vinay Lakhotia, and Mr. Sandeep Samsi.

What to expect from UTI Asset Management Company Limited's Q2 FY27 results

The Q2 FY27 print will test whether UTI AMC's core earnings momentum holds after a Q1 where consolidated reported PAT of Rs. 293.86 Cr (+24.07% YoY) leaned on Rs. 187 Cr of fair-value gains, while the Nifty fell 5.67% in September — making the core-versus-fair-value split of Q2 profit the key earnings-quality read. The industry fee base held up through the quarter, with average AUM rising from Rs. 85.76 lakh crore in July to Rs. 87.09 lakh crore in September and folios adding 22.66 lakh in July and 26.54 lakh in August, supporting the SIP-anchored flow strategy management has called "the only way to get back to where we are on stock AUM". The company-specific swing variable is market share: MF QAAUM share has slid from 5.17% in September 2024 to 4.72% in June 2026 and SIP share from ~2.9% to ~2.7%, with management acknowledging "investment performance has not met expectations" and redemptions in some large schemes including flexi cap. On costs, Q1 FY27 tracked within guidance — standalone employee cost of Rs. 92 crore against the Rs. 90–95 crore band and consolidated at Rs. 122 crore below the Rs. 125–130 crore band — so the watch is whether VRS savings persist through Q2. The blended yield guide of 1–2 bps dilution for FY26-27 against a ~32 bps anchor will also be tested as ETF & Index QAAUM of Rs. 1,79,674 crore (yielding 8 bps) keeps growing. The call, on October 27, 2026, is also likely to cover the international subsidiary's trajectory after its Q1 swing to PAT of Rs. 60.6 crore and updates on the Section 270A tax penalty appeal.

Key Things To Watch

Guidance scorecard: Management's FY27 guidance bands and where Q1 FY27 tracked:

• Employee cost run rate — Rs. 90–95 cr/quarter standalone and Rs. 125–130 cr/quarter consolidated for FY27; Q1 FY27 tracked at Rs. 92 cr / Rs. 122 cr
• Other/admin expenses — +7–8% standalone, ~10% consolidated for FY27; reiterated as 8–10% on the FY25-26 base
• Blended yield — 1–2 bps dilution guided for FY26-27 against a ~32 bps weighted average
• Dividend payout — in excess of 95% of profits, open-ended guidance
• AUM doubling by 2031 under Mission 2031; AMC headcount guided flat; pension fund cost growth "dramatically over the next two years" without profitability dent

Market share trajectory

• Whether MF QAAUM share (4.72% in Jun'26, down from 5.17% in Sep'24) and SIP share (~2.7%, down from ~2.9%) stabilise or erode further
• Whether flexi cap redemptions abate and the large & mid-cap franchise (pushing ~3–3.5% of net sales) keeps gaining

Investment performance turnaround

• Updates on process and people enhancements in investment management after management acknowledged "investment performance has not met expectations"
• Redemption trends in the affected large schemes, notably flexi cap where net sales were negative

International recovery and tax penalty appeal

• Whether UTI International AUM (Rs. 14,027 cr at Jun'26, down from USD 2.66 billion at Sep'25) rebuilds after the FY26 loss of Rs. (140.9) cr; Q1 FY27 showed a swing to PAT of Rs. 60.6 cr
• Any update on the Section 270A income tax penalty of Rs. 3,31,66,997 (~Rs. 3.32 Cr) for AY 2020-21 and the company's planned appeal

Product pipeline execution

• Launches of the approved passive funds — UTI NIFTY 500 and UTI BSE Index Sector Leaders ETFs — plus the SIF fund, balanced hybrid and sectoral debt funds
• GIFT City outbound funds progress, with two pooled vehicles already at USD 206 million AUM and Retail FME approval received