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Informist, Monday, Jul. 28, 2025

--Nippon Life AMC Apr-Jun consol PAT INR 3.96 bln vs INR 3.32 bln year ago

--Analysts saw Nippon Life AMC Apr-Jun consol net profit INR 3.76 bln 
--Nippon Life AMC Apr-Jun consol revenue INR 6.07 bln vs INR 5.05 bln yr ago

By Rati Chaphekar

MUMBAI – Nippon Life India Asset Management Co. reported higher-than-expected consolidated net profit of INR 3.96 billion for the June quarter as its revenue growth was higher than the rise in its expenses. Analysts had estimated the asset manager's net profit at INR 3.76 billion. The company's revenue from operations rose 20% on year while expenses grew 16%. The asset manager's operating profit and net profit were its highest ever, it said in an exchange filing.

Sequential data showed a different picture, however. Revenue grew 7% on quarter while total expenses were up 8%. The company's quarterly average assets under management rose 27% on year to INR 6.13 trillion, making it the fastest growing asset manager in the industry.

The total income of the asset manager rose to INR 7.53 billion, up nearly 28% on quarter and over 18% on year. Total income was substantially higher than analysts' estimate of INR 6.10 billion, primarily driven by higher other income of INR 1.46 billion, up six-fold on quarter and almost 12% on year.

The total expenses of the mutual fund were INR 2.29 billion, up 8% on quarter and 16% on year. Its tax expense rose 20% on year and 61% on quarter to INR 1.28 billion. 

The equity market share of the fund manager was 7%, up 19 basis points on year, it said in the filing. The systematic investment plan inflows for the company in Apr-Jun were INR 97.70 billion, up 30% on year. This resulted in an annualised systematic book of INR 398.00 billion for the reporting quarter. The total assets under management of the mutual fund at the end of the June quarter were INR 6.39 trillion. 

Shares of Nippon Life Monday closed at INR 793.35 on National Stock Exchange, down 2% from Friday's close.  End

Edited by Nishant Maher

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