Earnings Review
Nippon Life AMC consol PAT down 13% YoY, beats Street view
This story was originally published at 18:17 IST on 28 April 2025
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--Nippon Life AMC Jan-Mar consol net profit INR 2.99 bln
--Analysts saw Nippon Life AMC Jan-Mar consol net profit INR 2.71 bln
--Nippon Life AMC Jan-Mar consol PAT INR 2.99 bln vs INR 3.43 bln year ago
--Nippon Life AMC Jan-Mar consol revenue INR 5.67 bln vs INR 4.68 bln
--Nippon Life AMC FY25 consol PAT INR 12.86 bln vs INR 11.07 bln year ago
--Nippon Life AMC FY25 consol revenue INR 22.31 bln vs INR 16.43 bln yr ago
--Nippon Life AMC to pay INR 10 per share final dividend, record date Jul 4
By Kshipra Petkar
MUMBAI – Nippon Life India Asset Management Co. Ltd.'s consolidated net profit for the quarter ended March fell nearly 13% on year to INR 2.99 billion. Sequentially, the bottomline was up merely 1.1%. Analysts had estimated the net profit at INR 2.71 billion. For the financial year ended March, the consolidated net profit stood at INR 12.86 billion.
Consolidated revenue of the company was up 21% on year at INR 5.67 billion in the latest quarter. On a quarter-on-quarter basis, the revenue fell nearly 4%. Other income fell sharply by 75% on year to INR 230.4 million. In the corresponding quarter a year ago, the other income was INR 923 million. Together, the total income was INR 5.90 billion, up 5.2% on year and down 2.3% on quarter. On a year on year basis, the expenses were up 13.6% on year to INR 2.11 billion in Jan-Mar.
As on Mar. 31, the quarterly average assets under management stood at INR 5.57 trillion. It is the fourth largest asset management company based on quarterly average AUM. The share of quarterly average equity AUM was down from 51.1% in Dec. 31 to 49.8% Mar. 31 in the latest quarter and the share of debt was down to 15.0% from 15.2% in the previous quarter
Share of quarterly average liquid funds and exchange traded funds to the total quarterly average assets under management increased and stood at 7.6% and 27.6%, respectively.
The systematic investment plans for the reporting quarter stood at INR 97.2 billion, up 39% on year. However, the SIP book has fallen from INR 99.1 billion in the previous quarter. Within this quarter, in January, the fund house reported SIPs of INR 33.5 billion and in February and March, the book has been stable at INR 31.8 billion. "In volatile markets, folios with lower ticket size demonstrated longer vintage," the fund house said in its investor presentation. The fund house has 20.8 million unique investors.
The board has recommended a final dividend of INR 10 per share. On the National Stock Exchange, the shares of Nippon Life India AMC closed 0.7% lower at INR 635.65 on Monday. End
Edited by Akul Nishant Akhoury
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