Nippon Life India Asset Management Q1FY21 results; consolidated net profit rises by 24.64% yoy

The company recorded a consolidated profit of Rs156.3cr in Q1FY21.

Jul 27, 2020 05:07 IST India Infoline News Service

Quarterly Results
Nippon Life India Asset Management Ltd. announced its quarterly results on July 27, 2020. Consolidated net revenue in Q1FY21 stood at Rs233.12cr, which declined by 28.3% yoy from Rs325.11cr in Q1FY20.     

EBITDA stood at Rs108.37cr in Q1FY21 that decreased by 29.89% yoy. For Q1FY20, it had posted EBITDA of Rs154.58cr. EBITDA margin as of Q1FY21 was at 46.49% that declined by 1.06% yoy against the same quarter, the previous year.     

The consolidated net profit in Q1FY21 came in at Rs156.3cr that increased by 24.64% yoy, as compared to Q1FY20, when it had reported Rs125.4cr. The net profit margin in Q1FY21 came in at 67.05% that increased by 28.48% yoy. The net profit margin for Q1FY20 was at 38.57%.

The share closed at Rs270 with a decline of 3.49% in today’s session on BSE.     

Particulars Q1FY21
(Rs in cr)
Q1FY20
(Rs in cr)
% VAR
Net Revenue 233.12 325.11 -28.30
Operating Profit 108.37 154.58 -29.89
Net Profit 156.30 125.40 24.64
EBITDAM% 46.49 47.55 -1.06
PATM% 67.05 38.57 28.48

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