Earnings Review
Nippon Life AMC Q1 PAT up 27% on better revenue, beats view
This story was originally published at 19:20 IST on 22 July 2026
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--Nippon Life Apr-Jun consol net profit INR 5.04 bln
--Analysts saw Nippon Life Apr-Jun consol net profit at INR 4.59 bln
--Nippon Life Apr-Jun consol revenue INR 7.67 bln
--Analysts saw Nippon Life Apr-Jun consol revenue at INR 7.73 bln
--Nippon Life Apr-Jun consol PAT INR 5.04 bln vs INR 3.96 bln year ago
--Nippon Life MD: Saw highest market share increase in Q1 in the industry
--Nippon Life AUM at INR 8.62 tln on Jun 30, up 16% on year
--Nippon Life MF Apr-Jun systematic flows INR 110.3 bln, up 13% on year
By Shweta
NEW DELHI – Nippon Life India Asset Management Ltd. Wednesday posted a healthy on-year rise in its consolidated net profit for the June quarter as an increase in assets under management translated into strong revenue for the company. Though net profit grew at the slowest pace in three quarters on an on-year basis, it surpassed analysts' view.
The asset management company's net profit rose over 27% on year to INR 5.04 billion in Apr-Jun. Sequentially, the net profit grew nearly 31%. Analysts had estimated the company's bottom line at INR 4.59 billion.
"We continued our strong growth, with the highest market share increase in the Industry in Q1 FY27," its Managing Director and Chief Executive Officer Sundeep Sikka said. The company reported its quarterly earnings post market hours. Wednesday, shares of Nippon Life closed INR 1,147.90 on the National Stock Exchange, down 1.6% from the previous close.
Total income was INR 9.37 billion in the June quarter, up nearly 25% on year and 33% on quarter. Of this, revenue from operations grew over 26% on year and nearly 4% on quarter to INR 7.67 billion, and other income was INR 1.70 billion, up nearly 17% on year. The company's top line missed Street's view of INR 7.73 billion but surpassed their other income estimate of INR 1 billion-INR 1.2 billion.
Nippon Life India's assets under management grew 16% on year to INR 8.62 trillion. Nippon India Mutual Fund's quarterly averaged assets under management rose 23% on year to INR 7.52 trillion. Its equity mutual fund quarterly averaged assets under management increased 22% on year to INR 3.51 trillion, helping its market share grow 34 basis points on year and its exchange traded funds quarterly averaged assets under management climbed 40% on year to INR 2.43 trillion with market share rising 159 bps on year, the company said in a press release.
"Net Sales market share improved QoQ (Quarter-on-Quarter), while SIP (systematic investment plan) market share was steady - importantly both remain well above Equity AUM (assets under management) market share," Sikka said in the release.
The company's total expenses rose over 19% on year and 11% sequentially to INR 2.73 billion. Among the top items in the company's expenditure, employee benefit expenses and other expenses rose 13% on year and over 29% on year, respectively. During Apr-Jun, Nippon Life's employee benefits expenses rose to INR 1.39 billion, up over 10% sequentially. "The total non-cash component of Employee Benefits Expenses on account of above grants (Employees Stock Option Plan 2023 and Performance linked Stock Unit Scheme 2023) is INR 6.64 crore (INR 66.4 million) for the quarter ended June 30, 2026," according to the company. Other expenses were INR 999 million in the June quarter, 17% on quarter.
The company paid INR 1.61 billion as tax during Apr-Jun. Taxes during the period under review rose largely in sync with the revenue from operations on a year-on-year basis. However, tax outgo jumped over 114% sequentially. End
Edited by Deepshikha Bhardwaj
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