Nippon Life India Asset Management Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 5,713 million compared to INR 3,974.8 million a year ago. Revenue was INR 6,920.8 million compared to INR 4,753.6 million a year ago. Net income was INR 3,601 million compared to INR 2,444.1 million a year ago. Basic earnings per share from continuing operations was INR 5.69 compared to INR 3.92 a year ago. Diluted earnings per share from continuing operations was INR 5.6 compared to INR 3.91 a year ago.
For the six months, sales was INR 10,762.6 million compared to INR 7,516.3 million a year ago. Revenue was INR 13,278.4 million compared to INR 9,463.8 million a year ago. Net income was INR 6,924.3 million compared to INR 4,801.3 million a year ago. Basic earnings per share from continuing operations was INR 10.96 compared to INR 7.7 a year ago. Diluted earnings per share from continuing operations was INR 10.78 compared to INR 7.64 a year ago.
Nippon Life India Asset Management Limited is an asset management company. The Companyâs principal activity is to act as an investment manager to Nippon India Mutual Fund. The Company is involved in managing mutual funds, such as exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds, and offshore funds and advisory mandates. Its four offshore schemes include UCITS Equity Fund, UCITS Fixed Income Fund, India Fixed Income ETF, and Managed Accounts. The Company acts as an advisor for India focused Equity & Fixed Income funds in Japan. It also manages offshore funds and distribution through its subsidiary Nippon Life India Asset Management (Singapore) Pte. Ltd. (NAM Singapore or NAMS), and also through its representative office in Dubai. The overseas subsidiary helps to cater to institutional and high net worth investors across Asia, Middle East, United Kingdom, United States, Latin America, and Europe.
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