UTI Asset Management Company: 1Q27: Operating profit beat; performance challenges persist

Research evidence excerpt

UTI Asset Management Company: 1Q27: Operating profit beat; performance challenges persist

South Asia Financials Coverage Cluster

Investment rating Company BofA Ticker Bloomberg symbol Analyst

Bank Rakyat Indonesia BKRKF BBRI IJ Sukriti Bansal

Federal Bank XMTRF FB IN Madhur Sharma

Indusind Bank IDUBF IIB IN Madhur Sharma

Maybank MLYNF MAY MK Aiden Chionh

Punjab National Bank XQGRF PNB IN Madhur Sharma

RBL Bank XKITF RBK IN Madhur Sharma

SBI Cards XLJGF SBICARD IN Pujita Pasumarthi

Tisco Financial Group XTXGF TISCO TB Sarachada Sornsong

UTI Asset Management Company XUTTF UTIAM IN Pujita Pasumarthi

iQmethod SM Measures Definitions

Business Performance Numerator Denominator

Return On Capital Employed NOPAT = (EBIT + Interest Income) × (1 − Tax Rate) + Goodwill Amortization Total Assets − Current Liabilities + ST Debt + Accumulated Goodwill

Amortization

Return On Equity Net Income Shareholders’ Equity

Operating Margin Operating Profit Sales

Earnings Growth Expected 5 Year CAGR From Latest Actual N/A

Free Cash Flow Cash Flow From Operations − Total Capex N/A

Quality of Earnings Numerator Denominator

Cash Realization Ratio Cash Flow From Operations Net Income

Asset Replacement Ratio Capex Depreciation

Tax Rate Tax Charge Pre-Tax Income

Net Debt-To-Equity Ratio Net Debt = Total Debt − Cash & Equivalents Total Equity

Interest Cover EBIT Interest Expense

Valuation Toolkit Numerator Denominator

Price / Earnings Ratio Current Share Price Diluted Earnings Per Share (Basis As Specified)

Price / Book Value Current Share Price Shareholders’ Equity / Current Basic Shares

Dividend Yield Annualised Declared Cash Dividend Current Share Price

Free Cash Flow Yield Cash Flow From Operations − Total Capex Market Cap = Current Share Price × Current Basic Shares