Nippon Life AMC Q4 PAT up 4.84% at Rs174.85cr on higher revenues and lower other expenses

27 Apr 2022 , 10:23 PM

Nippon Life India AMC Ltd reported 2.90% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs372.44cr. On a sequential basis, revenues were higher for the quarter by 0.95%.

For the full year FY22, the revenues were higher by 8.25% at Rs1,536cr. Overall, while the rates of fees for the AMCs has come down on a percentage basis, the sharp spike in SIPs and AUM is more than making up for the lower fees.

However, revenues are flat at best. Board declared dividend of Rs.7.50 per share subject to approval.

The consolidated net profit for Q4 was up 4.84% at Rs174.85cr while it was up on a sequential basis by 0.46%.

The company broadly gained from higher total income and lower operating expenses resulting in a marginal growth in profits. Net cash from operations in FY22 is sharply up 27.2% at Rs580 crore on lower fair value losses in FY22 compared to the year FY21.

Net margins stood at an impressive 46.95% in Mar-22 quarter compared to 46.07% in Mar-21. NPM was actually lower sequentially compared to 47.18% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Nippon India AMC
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 372.44	₹ 361.96	2.90%	₹ 368.93	0.95%
Net Profit (Rs cr)	₹ 174.85	₹ 166.77	4.84%	₹ 174.05	0.46%
Diluted EPS (Rs)	₹ 2.78	₹ 2.66		₹ 2.74
Net Margins	46.95%	46.07%		47.18%