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Informist, Monday, Jul. 20, 2026

 

By Shweta

NEW DELHI – Nippon Life India Asset Management Ltd.'s consolidated net profit for the June quarter is expected to rise sharply on a year-on-year and sequential basis on the back of healthy growth in revenue and core income during the quarter, according to brokerages tracking the company.

 

The asset management company is likely to post a consolidated net profit of INR 4.59 billion for the June quarter, up nearly 16% on year, according to the average of estimates from nine brokerages. The bottom line is expected to grow over 19% sequentially. The estimates for the company's net profit range from INR 4.18 billion from Nuvama Wealth Management Ltd. to INR 4.89 billion from JM Financial Institutional Securities Pvt. Ltd. 

 

The company's revenue for the June quarter is expected to be INR 7.73 billion, up over 27% on year and nearly 5% on quarter, according to the average of estimates. The highest estimate for the revenue is INR 8.66 billion from Kotak Securities Ltd., and the lowest is INR 7.31 billion from Nuvama Wealth Management. 

 

The company's top line for the June quarter is expected to be INR 7.73 billion, up over 27% on year and nearly 5% on quarter, according to the average of estimates. The highest estimate for the revenue is INR 8.66 billion from Kotak Securities Ltd., and the lowest estimate is INR 7.31 billion from Nuvama Wealth Management. 

 

The company's other income is likely to improve to INR 1 billion-INR 1.2 billion in the June quarter from a negative INR 335 million a quarter ago, according to Motilal Oswal Financial Services Ltd. and PhillipCapital (India) Pvt. Ltd. The sequential growth in other income is likely to be supported by mark-to-market gains, according to Nuvama Wealth Management and Motilal Oswal. However, on a year-on-year basis, other income is expected to fall nearly 32%. 

 

The company's core income is expected to rise nearly 33% on year and around 2% on quarter to INR 5.01 billion in the first quarter of the current financial year, according to Prabhudas Lilladher Pvt. Ltd.

 

Nippon Life AMC is likely to see a 3-4% sequential growth in its assets under management in Apr-Jun due to broad-based growth across segments, according to the brokerages.

 

The company's earnings before interest, tax, depreciation, and amortisation are expected to rise between INR 4.91 billion and INR 6.50 billion in the June quarter, as per the average of estimates from three brokerages. The highest estimate for the company's EBITDA is by PhillipCapital and the lowest is by Nuvama Wealth. "EBITDA margin is expected to improve sequentially, supported by operating leverage," analysts at Motilal Oswal said.

 

The company's total operating expenses are expected to grow nearly 14% on year and 6% on quarter to INR 2.6 billion, analysts at Prabhudas Lilladher said.

 

Of the 12 research reports on the company available with Informist, all have a 'buy' recommendation on the stock. The average target price for the buy recommendation is INR 1,126, which is almost 5% lower than the current market price. Monday, shares of Nippon Life India Asset Management Co. ended 0.3% lower at INR 1,183.20 on the National Stock Exchange. The shares have risen nearly 18% since the March quarter earnings on Apr. 27. The company will detail its June quarter earnings on Wednesday.

 

The following are the Apr-Jun earnings estimates for Nippon Life India Asset Management Co. from nine brokerages in descending order of the estimate of net profit in INR billion:

 

Respondent	Net sales	Net Profit
JM Financial Institutional Securities Pvt Ltd	7.90	4.89
Prabhudas Lilladher Pvt Ltd	7.61	4.87
PhillipCapital (India) Pvt Ltd	7.76	4.83
Kotak Securities Ltd	8.66	4.67
Nomura Equity Research	7.61	4.53
YES Securities (India) Ltd	7.60	4.49
Emkay Global Financial Services Ltd	7.54	4.43
Motilal Oswal Financial Services Ltd	7.56	4.42
Nuvama Wealth Management Ltd	7.31	4.18
Average	7.73	4.59

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

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