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Stock Report
Nippon Life India Asset Management Ltd Q3 FY2024 consolidated PAT rises to Rs. 284.27 crores
Posted On : 2024-01-29 19:52:01( TIMEZONE : IST )
Nippon Life India Asset Management Limited has reported Consolidated financial results for the period ended December 31, 2023.
Financial Results (Q3 FY2024) - QoQ Comparison
The company has reported total income of Rs. 530.39 crores during the period ended December 31, 2023 as compared to Rs. 475.36 crores during the period ended September 30, 2023.
The company has posted net profit / (loss) of Rs. 284.27 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 244.41 crores for the period ended September 30, 2023.
The company has reported EPS of Rs. 4.48 for the period ended December 31, 2023 as compared to Rs. 3.91 for the period ended September 30, 2023.
| Financials | Q3 FY2024 | Q2 FY2024 | % Change |
| Total Income | ₹ 530.39 crs | ₹475.36 crs |  11.58% |
| Net Profit | ₹284.27 crs | ₹244.41 crs | 16.31% |
| EPS | ₹4.48 | ₹3.91 | 14.58% |
Financial Results (Q3 FY2024) - YoY Comparison
The company has reported total income of Rs. 530.39 crores during the period ended December 31, 2023 as compared to Rs.415.74 crores during the period ended December 31, 2022.
The company has posted net profit / (loss) of Rs.284.27 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.205.16 crores for the period ended December 31, 2022.
The company has reported EPS of Rs.4.48 for the period ended December 31, 2023 as compared to Rs.3.27 for the period ended December 31, 2022.
| Financials | Q3 FY2024 | Q3 FY2023 | % Change |
| Total Income | ₹ 530.39 crs | ₹415.74 crs | 27.58% |
| Net Profit | ₹284.27 crs | ₹205.16 crs | 38.56% |
| EPS | ₹4.48 | ₹3.27 | 37.00% |
Financial Results (9 Months Ended FY2024) - YoY Comparison
The company has reported total income of Rs.1476.77 crores during the 9 Months period ended December 31, 2023 as compared to Rs.1128.58 crores during the 9 Months period ended December 31, 2022.
The company has posted net profit / (loss) of Rs.764.40 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.525.31 crores for the 9 Months period ended December 31, 2022.
The company has reported EPS of Rs.12.13 for the 9 Months period ended December 31, 2023 as compared to Rs.8.36 for the 9 Months period ended December 31, 2022.
| Financials | 9 Months Ended FY2024 | 9 Months Ended FY2023 | % Change |
| Total Income | ₹1476.77 crs | ₹1128.58 crs | 30.85% |
| Net Profit | ₹764.40 crs | ₹525.31 crs | 45.51% |
| EPS | ₹12.13 | ₹8.36 | 45.10% |
Shares of Nippon Life India Asset Management Limited was last trading in BSE at Rs. 523.45 as compared to the previous close of Rs. 515.50. The total number of shares traded during the day was 35457 in over 1666 trades.
The stock hit an intraday high of Rs. 526.00 and intraday low of 511.70. The net turnover during the day was Rs. 18404121.00.
