Earnings Review
Nippon India Life AMC PAT surpasses view as other income up
This story was originally published at 19:00 IST on 29 January 2026
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--Nippon Life AMC Oct-Dec consol net profit INR 4.04 bln
--Analysts saw Nippon Life AMC Oct-Dec consol net profit INR 3.87 bln
--Nippon Life AMC Oct-Dec consol PAT INR 4.04 bln vs INR 2.95 bln year ago
--Nippon Life AMC Oct-Dec consol revenue INR 7.05 bln vs INR 5.88 bln
--Nippon Life AMC Apr-Dec consol PAT INR 11.45 bln vs INR 9.88 bln year ago
--Nippon Life AMC Apr-Dec consol revenue INR 19.70 bln vs INR 16.64 bln
By Udita S. Jaiswal
MUMBAI – Nippon Life India Asset Management Co.'s net profit surpassed Street expectations in the December quarter due to strong growth in net sales and other income. However, the company's total expenses rose on year due to higher employee benefit expenses, which limited the growth in net profit.
The company reported a consolidated net profit of INR 4.04 billion for the quarter, up nearly 37% on year and over 17% sequentially. Analysts had expected a bottom line of INR 3.87 billion. Its top line for the quarter was INR 7.05 billion, up nearly 20% on year and over 7% on quarter. Analysts had expected the company to report net sales of INR 6.94 billion.
The company's net profit for Apr-Dec was INR 11.44 billion, up nearly 16% on year, and its net sales for the same period was INR 19.70 billion, up over 18% on year.
The asset manager's total expenses grew over 17% to INR 2.48 billion due to increase in employee benefit costs, which rose over 25% on year to INR 1.33 billion. Its assets under management stood at INR 8.16 trillion, and its average assets under management was at INR 7.01 trillion, up 23% on year.
"The company maintained its rank of fourth largest AMC based on total and Equity QAAUM (quarterly average AUM)," it said in a press release.
The equity market share of the company rose 11 basis point on year to 7.13% and exchange=traded funds market share rose 217 bps on year to 20.31%.
Inflows into the company's monthly systematic investment plans in December were at INR 109.8 billion, up 11% on year. The company's systematic investment plan's assets under management rose 22% on year to INR 16.63 trillion. Nippon India Mutual Fund's retail assets were INR 2.01 trillion at the end of the December quarter and they contributed 28% to its AUM, the company said.
On Thursday, shares of the company closed over 3% higher at INR 861.60 on the National Stock Exchange. The company declared its December quarter results just after the market closed. End
Edited by Tanima Banerjee
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