Nippon Life India Asset Management Ltd's Q3FY25 Quarter Results
- 25 Jan 2025
Result Summary
- Nippon Life India Asset Management Ltd reported a 12.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.7%.
- Its expenses for the quarter were up by 2.7% QoQ and 22.8% YoY.
- The net profit decreased 18.0% QoQ and increased 3.9% YoY.
- The earnings per share (EPS) of Nippon Life India Asset Management Ltd stood at 4.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 603.30 | 692.08 | 530.39 | -12.8% | 13.7% |
Total Expenses | 211.59 | 206.03 | 172.34 | 2.7% | 22.8% |
Profit Before Tax | 391.71 | 486.05 | 358.05 | -19.4% | 9.4% |
Tax | 96.45 | 126.07 | 74.05 | -23.5% | 30.2% |
Profit After Tax | 295.36 | 360.10 | 284.27 | -18.0% | 3.9% |
Earnings Per Share | 4.60 | 5.60 | 4.50 | -17.9% | 2.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Nippon Life India Asset Management Ltd is one of India's leading asset management companies. The company is involved in managing mutual funds across various asset classes, including equity, debt, and hybrid funds, offering a wide range of investment solutions to retail and institutional clients. The firm operates within the financial services industry, with a focus on wealth management and investment solutions. Nippon Life India Asset Management Ltd is part of the global Nippon Life Insurance Group, a prominent player in the insurance sector. As of the latest data, there are no specific recent major developments provided in the dataset for the company. However, it is known that the company continues to expand its product offerings and enhance its digital capabilities to better serve its clients.
Revenue
In the third quarter of the fiscal year 2025, Nippon Life India Asset Management Ltd reported a total income of ₹603.30 crores. This marks a decline of 12.8% from the previous quarter's income of ₹692.08 crores. However, when compared to the same quarter in the previous fiscal year, there was a 13.7% increase from ₹530.39 crores. This year-over-year growth indicates an improvement in revenue generation compared to the previous year, despite a quarter-over-quarter decline. The fluctuation in total income can be attributed to various factors affecting the market conditions and investment inflows, which are not detailed in the provided data.
Profitability
For the third quarter of fiscal year 2025, the company achieved a Profit Before Tax (PBT) of ₹391.71 crores, which reflects a decrease of 19.4% from the previous quarter's PBT of ₹486.05 crores. On a year-over-year basis, the PBT increased by 9.4% from ₹358.05 crores. The tax expenses for this quarter stood at ₹96.45 crores, showing a significant decrease of 23.5% from the previous quarter, but an increase of 30.2% compared to the same quarter last year. Profit After Tax (PAT) for Q3FY25 was ₹295.36 crores, down 18.0% from the previous quarter's ₹360.10 crores, while reflecting a modest increase of 3.9% from Q3FY24's ₹284.27 crores. The decline in profitability from the previous quarter is evident, though the year-over-year figures show a slight improvement.
Operating Metrics
The Earnings Per Share (EPS) for Nippon Life India Asset Management Ltd in Q3FY25 was ₹4.60, which is a decrease from ₹5.60 in the preceding quarter, representing a 17.9% decline. Compared to the same quarter in the previous fiscal year, the EPS saw an increase of 2.2% from ₹4.50. This indicates a decrease in shareholder returns on a quarter-over-quarter basis, while maintaining a slight improvement year-over-year. Total expenses for the third quarter amounted to ₹211.59 crores, showing an increase of 2.7% compared to the previous quarter's ₹206.03 crores, and a significant rise of 22.8% year-over-year from ₹172.34 crores. These changes in operating metrics highlight the variations in the company’s cost structure and its impact on profitability. Specific financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not available from the provided data.
