UTI AMC's Q2 Profit Plunges 53% Amid Market Share Woes

Management Company (UTI AMC) faced a tough quarter as it announced a sharp 53% drop in consolidated net profit to ₹113 crore for the July-September period of FY26, down from ₹239 crore a year ago. Revenue from operations also slid over 22% year-on-year to ₹418.55 crore, compared to ₹538.40 crore in the prior quarter. Profit after tax (PAT) margins contracted to 42% from 48%, reflecting pressures in the asset management sector. Adding to the gloom, JM Financial downgraded UTI AMC's stock to 'reduce' from 'hold' and slashed its target price to ₹1,350 per share from ₹1,500. The brokerage highlighted ongoing erosion in the firm's market share, particularly in systematic investment plan (SIP) inflows and equity assets under management (AUM). Shares of UTI AMC traded lower in early sessions, underscoring investor concerns over competitive headwinds in India's mutual fund industry.