Nippon Life India Asset Management Ltd Q4FY21 consolidated PAT drops QoQ to Rs. 166.77 crore

Reliance Nippon Life Asset Management Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.361.96 crores during the period ended March 31, 2021 as compared to Rs.398.84 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.166.77 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.211.95 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.66 for the period ended March 31, 2021 as compared to Rs.3.40 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 361.96 crs	₹ 398.84 crs	-9.25%
Net Profit	₹ 166.77 crs	₹ 211.95 crs	-21.32%
EPS	₹ 2.66	₹ 3.40	-21.76%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.361.96 crores during the period ended March 31, 2021 as compared to Rs.149.56 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.166.77 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.3.72 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.66 for the period ended March 31, 2021 as compared to Rs.0.06 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 361.96 crs	₹ 149.56 crs	142.02%
Net Profit	₹ 166.77 crs	₹ 3.72 crs	4383.06%
EPS	₹ 2.66	₹ 0.06	4333.33%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1419.34 crores during the 12 months period ended March 31, 2021 as compared to Rs.1193.21 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.680.33 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.415.25 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.10.90 for the 12 months period ended March 31, 2021 as compared to Rs.6.69 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 1419.34 crs	₹ 1193.21 crs	18.95%
Net Profit	₹ 680.33 crs	₹ 415.25 crs	63.84%
EPS	₹ 10.90	₹6.69	62.93%

Mr. Sundeep Sikka, ED & CEO, NAM India, said "In FY21, we continued our journey towards strong profitable growth, and remain focused on longer term returns, while expanding our investor base. I am very happy to state that NAM India recorded its highest-ever profit driven by robust asset growth, and better operating efficiencies.

The "Investor First" philosophy remains at our very core. By expanding our reach into growthoriented geographies globally, we will enable domestic & foreign investors to achieve portfolio diversification and superior risk-adjusted returns. As a conscious corporate citizen, we have begun the journey to wholeheartedly embrace the concept of 'responsible investing'. By incorporating ESG principles across all facets of business, we aim for sustainable, long term value creation."

Business Highlights

- As on March 31, 2021, NAM India's assets under management was Rs. 3,55,053 crore (US$ 48.0 billion)

- For the quarter ended March 31, 2021, NIMF's average assets under management was Rs. 2,28,586 crore (US$ 30.9 billion) - an increase of 12%

- For the quarter ended March 31, 2021, share of Equity Assets rose to 40.6% of NIMF's AUM as against 39.1% for the quarter ended December 31, 2020

- As on March 2021, NIMF has one of the largest retail assets in the Industry, at Rs. 64,345 crore (US$ 8.7 billion). Retail assets contributed 28% to NIMF's AUM

- As on March 2021, NIMF's AUM of Rs. 41,260 crore (US$ 5.6 billion) from 'Beyond the Top 30 cities' category. This segment forms 18% of NIMF's AUM vis-à-vis 16% for the Industry

- As on March 2021, Individual AUM was Rs. 115,090 crore (US$ 15.6 billion) and contributed 50% to NIMF's AUM

- As on March 31, 2021, NIMF is one of the largest ETF players with AUM of Rs. 37,372 crore (US$ 5.1 billion) and a market share of 13%

- As on March 31, 2021, NIMF has approx. 1 crore investor folios, with an annualised systematic book of approx. Rs. 7,900 crore (US$ 1.1 billion)

- As on March 31, 2021, Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of over Rs. 3,700 crore (US$ 504 million) across various schemes

- As on March 31, 2021, NIMF has geographical presence at approx. 290 locations pan India, and is amongst the highest in the industry

- For the quarter ended March 31, 2021, digital purchase transactions rose to 5 lakh - an increase of 38% as against quarter ended March 31, 2020. Digital channel contributed 56% to total new purchase transactions

Shares of Reliance Nippon Life Asset Management Ltd was last trading in BSE at Rs.340.3 as compared to the previous close of Rs. 330.5. The total number of shares traded during the day was 38803 in over 942 trades.

The stock hit an intraday high of Rs. 343.3 and intraday low of 329. The net turnover during the day was Rs. 13126070.

Source : Equity Bulls

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