Nippon Life AMC reports 25.56% surge in revenue

1 Feb 2022 , 01:30 PM

Nippon Life India Asset Management Ltd. announced its results for the quarter ending December 2021 and reported robust financial performance over the last quarter.

The company reported net sales of Rs 315.00 crore for the quarter ending December 2021, as against Rs 250.87 crore for the previous corresponding quarter, up by 25.56% YoY.

Nippon AMC reported PAT of Rs 168.88 crore for Q3 FY’22 against Rs  201.78 crore for Q3 FY’21, registering a decline of 16.3 % YoY.
Its EBITDA for the quarter ended December 2021 stood at Rs 234.97 crore against Rs 266.08 crore for the same quarter last year, showing a decline of 11.69% YoY.

Nippon Life India Asset Management Ltd witnessed a decline in its EPS from the existing Rs 3.29 to Rs 2.72 for the current quarter.

Reliance’s Nippon Life Asset Management Limited (RNAM) is one of the largest asset management companies in India; managing (directly & indirectly) assets across mutual funds, managed accounts, pension funds, offshore funds and alternative investments. RNAM is the asset manager of Reliance Mutual Fund (RMF) Schemes.

Nippon AMC was last seen at Rs 340.20 against previous closing price of Rs 343.50, down by Rs 3.30 or 0.96%. Its scrip touched an intraday high and low of Rs 352.50 and Rs 338.40 respectively.