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Nippon Life India Asset Management Q1 Results Total Income Reaches ₹635.76 Crores, Profit After Tax at ₹332.33 Crores
Nippon Life India Asset Management Q1 Results show a total income of ₹635.76 crores, up 13.38% YoY, and profit after tax of ₹332.33 crores, down 3.10% YoY. Nippon Life IndiAsset Management Q1 Results also highlight a revenue increase of 7.79% QoQ and a strong operating margin of 60.99%, up 11.87% YoY.
by Madhumitha
Updated Sep 10, 2024
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Table of Content
Nippon Life India Asset Management (NAM India) recently reported its financial results for the quarter ending June 30, 2024. For this period, NAM India achieved a total income of ₹635.76 crores, representing a significant increase of 13.38% year-over-year (YoY) compared to ₹560.57 crores in the same quarter last year.
The company's revenue from operations rose by 7.79% quarter-over-quarter (QoQ), from ₹468.27 crores in the previous quarter to ₹504.96 crores. Meanwhile, other income saw a remarkable jump of 41.73% YoY, from ₹92.30 crores to ₹130.80 crores.
In terms of expenses, NAM India experienced a slight rise of 5.72% YoY in total expenses, amounting to ₹197.01 crores compared to ₹186.46 crores a year earlier. Despite these increased expenses, the company's profit before tax increased by 17.28% YoY, reaching ₹438.75 crores from ₹374.11 crores.
The profit after tax for the quarter was ₹332.33 crores, showing a decrease of 3.10% YoY compared to ₹342.92 crores last year. This reflects a stable yet slightly lower performance as the company navigates its financial landscape.
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Nippon Life India Asset Management Q1 Results 2024-2025
Nippon Life India Asset Management (NAM India) has released its financial results for the first quarter of 2024.
| Particulars | Q1 FY24 (Reviewed) | Q4 FY23 (Audited) |
|---|---|---|
| Total Income | ₹635.76 crores | ₹560.57 crores |
| Revenue from Operations | ₹504.96 crores | ₹468.27 crores |
| Other Income | ₹130.80 crores | ₹92.30 crores |
| Total Expenses | ₹197.01 crores | ₹186.46 crores |
| Profit Before Tax | ₹438.75 crores | ₹374.11 crores |
| Profit After Tax | ₹332.33 crores | ₹342.92 crores |
| Earnings Per Share (Basic) | ₹5.27 | ₹5.45 |
| Paid-Up Equity Share Capital | ₹631.76 crores | ₹630.00 crores |
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Nippon Life India Asset Management Current Market Overview
Nippon Life India Asset Management is currently performing well in the market, with its stock trading at ₹686 as of September 10, showing a 2.03% increase. The company’s market capitalization is substantial at ₹43,417 crores, and its shares have ranged between ₹740 and ₹318 recently.
The stock has a price-to-earnings (P/E) ratio of 36.1, which indicates its valuation relative to earnings, and a dividend yield of 2.40%, offering some return to investors. The company also has strong financial indicators, including a return on capital employed (ROCE) of 36.2% and a return on equity (ROE) of 29.5%, reflecting its strong profitability and effective use of capital.
| Aspect | Value |
|---|---|
| Current Price | ₹686 |
| Change | +2.03% |
| Market Cap | ₹43,417 Cr. |
| High / Low | ₹740 / ₹318 |
| Stock P/E Ratio | 36.1 |
| Book Value | ₹63.2 |
| Dividend Yield | 2.40% |
| ROCE | 36.2% |
| ROE | 29.5% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a focused summary of Nippon Life India Asset Management's quarterly results for December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Crores) | 423 | 468 | 505 |
| Expenses (₹ Crores) | 164 | 178 | 189 |
| Operating Profit (₹ Crores) | 259 | 291 | 316 |
| OPM (%) | 61% | 62% | 63% |
| Other Income (₹ Crores) | 107 | 92 | 131 |
| Interest (₹ Crores) | 2 | 2 | 2 |
| Depreciation (₹ Crores) | 7 | 7 | 7 |
| Profit Before Tax (₹ Crores) | 358 | 374 | 439 |
| Tax % | 21% | 8% | 24% |
| Net Profit (₹ Crores) | 284 | 343 | 332 |
| EPS (₹) | 4.53 | 5.44 | 5.26 |
About Nippon Life India Asset Management
Nippon Life India Asset Management (NAM India) is a leading asset management company in India, overseeing the Nippon India Mutual Fund. Originally known as Reliance Nippon Life Asset Management, the company rebranded in January 2020. It is promoted by Nippon Life Insurance Company, which holds a majority stake of 72.66% as of June 2024.
NAM India is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company offers a range of investment products and services, including mutual funds and portfolio management, catering to various investor needs and aiming to deliver strong financial returns.
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Nippon Life India Asset Management Q1 Results- FAQs
1. What is the total income of Nippon Life India Asset Management for Q1 FY24?
The total income for Nippon Life India Asset Management for Q1 FY24 is ₹635.76 crores.
2. How did Nippon Life India Asset Management’s revenue from operations change in Q1 FY24?
Nippon Life India Asset Management’s revenue from operations increased to ₹504.96 crores in Q1 FY24.
3. What was Nippon Life India Asset Management’s other income in Q1 FY24?
Nippon Life India Asset Management’s other income for Q1 FY24 was ₹130.80 crores.
4. How much did total expenses rise for Nippon Life India Asset Management in Q1 FY24?
Total expenses for Nippon Life India Asset Management rose to ₹197.01 crores in Q1 FY24.
5. What was the profit before tax for Nippon Life India Asset Management in Q1 FY24?
Nippon Life India Asset Management reported a profit before tax of ₹438.75 crores in Q1 FY24.
6. What is the profit after tax for Nippon Life India Asset Management in Q1 FY24?
The profit after tax for Nippon Life India Asset Management in Q1 FY24 is ₹332.33 crores.
7. How much did Nippon Life India Asset Management’s earnings per share (EPS) decrease from Q4 FY23 to Q1 FY24?
Nippon Life India Asset Management’s EPS decreased from ₹5.45 in Q4 FY23 to ₹5.27 in Q1 FY24.
8. What was the paid-up equity share capital of Nippon Life India Asset Management in Q1 FY24?
The paid-up equity share capital of Nippon Life India Asset Management in Q1 FY24 was ₹631.76 crores.
9. How much did Nippon Life India Asset Management’s other income increase in Q1 FY24 compared to Q4 FY23?
Other income increased from ₹92.30 crores in Q4 FY23 to ₹130.80 crores in Q1 FY24 for Nippon Life India Asset Management.
10. What was the percentage change in total expenses for Nippon Life India Asset Management in Q1 FY24?
Total expenses increased to ₹197.01 crores in Q1 FY24 for Nippon Life India Asset Management.
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