Results - Announcements
Nippon Life India Asset Management Ltd share price softened by 3.14% to Rs 970.0 after the company's net profit plunged by 35.57% to Rs 324.14 crore, while revenue from operations improved marginally 3.77% to Rs 795.75 crore in Q3FY26 over Q2FY26.
The market capitalization of Asset Management Company industry group stocks on BSE stood at Rs 4.99 lakh crore, rising 7.57%. It has slipped by 5.78% over last one week and retreating 13.10% in last one month while the market capitalization of Nippon Life India Asset Management Ltd has eased by 8.51% and 12.72% in the same period respectively.
Profit before tax (PBT) of Nippon Life India Asset Management Ltd stood at Rs 449.8 crore in Q3 FY26, slipping 1.25% year-on-year, and nosediving by 32.31% quarter-on-quarter. EBITDA came in at Rs 513 crore, expanding by 31.07% YoY and jumping 52.57% sequentially.
Total expenses marginally dropped 0.10% to Rs 272.33 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 138.83 crore, remaining flat YoY.
For the TTM ended FY26, revenue from operations soared by 21.43% to Rs 2708.74 crore, while net profit rose by 18.85% to Rs 1528.13 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 115354% to Rs 1563.58 crore, and PBT improved 16.39% to Rs 1971.96 crore compared to previous TTM.
Nippon Life India Asset Management Ltd inched up 3.29% in last one year, significantly outperforming the benchmark BSE Sensex which has reduced by 13.37% during the same period.