More Stories

Informist, Thursday, Oct. 30, 2025

By Durva A. Shivalkar

MUMBAI – Nippon Life India Asset Management Co.'s net profit for the September fell mid-single digit on year but beat the Street view, while it reported a mid-double digit growth in revenue. The net profit was weighed down by lower other income, which was down almost 70% on year at INR 365.9 million. However, the company recorded its highest-ever quarterly operating profit.

The company reported a consolidated net profit of INR 3.45 billion for the quarter under review, down 4.3% on year and 13% sequentially. Analysts had expected a bottom line of INR 3.34 billion. Its top line for the quarter was INR 6.58 billion, up 15.2% on year and 8.5% on quarter. Analysts had expected the company to report net sales of INR 6.40 billion. The company's operating profit for the September quarter rose 15% on year to INR 4.19 billion.

The asset manager's total expenses grew over 16% to INR 2.39 billion due to increase in employee benefit costs, which rose over 15% on year to INR 1.23 billion. Its assets under management stood at INR 7.61 trillion and it reported a 20% on year rise in its average assets under management to INR 6.57 billion.

For the half year ended Sept. 30, the consolidated net profit of the company grew over 7% on year to INR 7.41 billion. Revenue from operations was up 17.5% on year at INR 12.65 billion. The board has approved an interim dividend of INR 9 per share and set Nov. 6 as the record date.

The company's quarterly average assets under management rose 22 basis points on year to 8.51% and equity market share rose 17 bps on year to 7.13%. Its systematic flows stood at INR 107.2 billion, up 19% on year.

The company has appointed Sundeep Sikka as the managing director and chief executive officer for five years, from Apr. 22, 2026 to Apr. 21, 2031.  More

The company's quarterly systematic flows rose by 19% on year to INR 107.2 billion in Jul-Sept, taking the annualised systematic book value to INR 437 billion, according to the company's investor presentation. Its quarterly average AUM of exchange-traded funds rose 24% on year to INR 1.83 trillion and the company currently has a market share of almost 20%.

The inflows in the company's monthly systematic investment plans in September were at an all-time high of INR 294 billion. The mutual fund's quarterly average AUM rose 20% on year to INR 6.57 trillion and its market share rose 22 bps to 8.51%.

The company's digital transactions in the first half of FY26 rose 15% on year to 7.8 million. Digital channel contributed 75% to new purchase transactions during Apr-Sept, it said in a press release.

Nippon India Mutual Fund's retail assets were INR 1.93 trillion at the end of September quarter and they contributed 29% to its AUM. The company's high net worth individual AUM stood at INR 2.04 trillion, up 23% on year, the company said.

Thursday, shares of the company closed 1.6% higher at INR 871.80 on the National Stock Exchange. The company declared its September quarter results just after the market closed.  End

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.