Nippon Life India Asset Management Ltd Q1FY22 consolidated PAT up at Rs. 181.54 crores

Nippon Life India Asset Management Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.369.18 crores during the period ended June 30, 2021 as compared to Rs.361.96 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.181.54 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.166.77 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.2.89 for the period ended June 30, 2021 as compared to Rs.2.66 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 369.18 crs	₹ 361.96 crs	1.99%
Net Profit	₹ 181.54 crs	₹ 166.77 crs	8.86%
EPS	₹ 2.89	₹ 2.66	8.65%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.369.18 crores during the period ended June 30, 2021 as compared to Rs.336.18 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.181.54 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.156.30 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.89 for the period ended June 30, 2021 as compared to Rs.2.53 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 369.18 crs	₹ 336.18 crs	9.82%
Net Profit	₹ 181.54 crs	₹ 156.30 crs	16.15%
EPS	₹ 2.89	₹ 2.53	14.23%

Mr. Sundeep Sikka, ED & CEO, NAM India, said "I am happy to share that NAM India's continuous focus on strong profitable growth has been yielding positive results. In this quarter, we increased our market share and overall investor base, led by a keen retail-driven approach, robust product suite and, dedicated efforts to grow across all asset categories.

We are dedicated to the philosophy of consistently creating value for all stakeholders. In this journey, we began our association with United Nations supported Principles for Responsible Investment (UN-PRI). By successfully integrating the tenets of ESG with responsible investment and building a formidable digital presence, we are confident of regaining our market positioning as well as recreating and reinventing NAM India by continuously innovating and disrupting ourselves."

Business Highlights

- As on June 30, 2021, NAM India's assets under management was Rs. 3,78,769 crore (US$ 51.2 billion)

- For the quarter ended June 30, 2021, NIMF's overall AUM market share rose to 7.25% - an increase of 13 basis points as against the quarter ended March 31, 2021

- For the quarter ended June 30, 2021, NIMF's average assets under management was Rs. 2,40,364 crore (US$ 32.5 billion) - an increase of 33%

- For the quarter ended June 30, 2021, share of Equity Assets rose to 41.3% of NIMF's AUM as against 37.8% for the quarter ended June 30, 2020

- As on June 2021, NIMF has one of the largest retail assets in the Industry, at Rs. 69,579 crore (US$ 9.4 billion). Retail assets contributed 28% to NIMF's AUM

- As on June 2021, NIMF's AUM of Rs. 47,158 crore (US$ 6.4 billion) from 'Beyond the Top 30 cities' category. This segment forms 19% of NIMF's AUM vis-à-vis 16% for the Industry

- As on June 2021, Individual AUM was Rs. 123,673 crore (US$ 16.7 billion) and contributed 50% to NIMF's AUM

- As on June 2021, NIMF is one of the largest ETF players with AUM of Rs. 40,809 crore (US$ 5.5 billion) and a market share of 13%

- As on June 30, 2021, NIMF has 1.1 crore investor folios, with an annualised systematic book of over Rs. 7,000 crore (US$ 949 million)

- As on June 30, 2021, Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of approx. Rs. 3,800 crore (US$ 512 million) across various schemes

- As on June 30, 2021, NIMF has geographical presence at approx. 280 locations pan India, and is amongst the highest in the industry

- For the quarter ended June 30, 2021, digital purchase transactions rose to 6 lakh - an increase of 28% as against quarter ended March 31, 2021. Digital channel contributed 58% to total new purchase transactions

Shares of Nippon Life India Asset Management Ltd was last trading in BSE at Rs. 418.4 as compared to the previous close of Rs. 396.05. The total number of shares traded during the day was 670145 in over 12299 trades.

The stock hit an intraday high of Rs. 439 and intraday low of 397.75. The net turnover during the day was Rs. 284552016.

Source : Equity Bulls

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