Nippon AMC Q2FY23 PAT down -3.6% at Rs206.07 crore as other income falls amidst lower bond yields

24 Oct 2022 , 07:17 PM

Nippon AMC Ltd reported -2.73% fall in total revenues for the September 2022 quarter on consolidated basis at Rs413.47cr.

Revenue growth was 38.11% in sequential terms, helped by growth in folios. Nippon AMC has added over 53 lakh folios since September 2021 and has the largest folio base of 1.9 crore among AMCs in India.

In terms of AUM rankings, the AMC has moved up from sixth position to fourth positions. Its quarterly average AUM stood 7% higher in the September 2022 quarter at Rs2.85 trillion for equity and debt combined.

Consolidated Profit after tax (PAT) for September 2022 quarter was down -3.6% at Rs206.07cr due to lower other income in the midst of falling bond returns.

However, net profits were up 80.6% on a sequential basis due to better cost management. On a sequential basis, the operating profits were up 8% for the fund.

PAT margins were lower at 49.84% in the Sep-22 quarter compared to 50.28% in the Sep-21 quarter but higher than 38.11% in June 2022 quarter. Equity constitutes 43% of the total AUM of Nippon AMC.

Financial highlights for Sep-22 compared yoy and sequentially

	Nippon AMC
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 413.47	₹ 425.08	-2.73%	₹ 299.37	38.11%
Net Profit (Rs cr)	₹ 206.07	₹ 213.72	-3.58%	₹ 114.08	80.64%
Diluted EPS (Rs)	₹ 3.28	₹ 3.37		₹ 1.82
Net Margins	49.84%	50.28%		38.11%