Nippon Life India Asset Management consolidated net profit declines 97.54% in the March 2020 quarter

Sales decline 20.02% to Rs 274.50 crore

Net profit of Nippon Life India Asset Management declined 97.54% to Rs 3.72 crore in the quarter ended March 2020 as against Rs 151.08 crore during the previous quarter ended March 2019. Sales declined 20.02% to Rs 274.50 crore in the quarter ended March 2020 as against Rs 343.22 crore during the previous quarter ended March 2019.

For the full year,net profit declined 14.57% to Rs 415.25 crore in the year ended March 2020 as against Rs 486.09 crore during the previous year ended March 2019. Sales declined 18.64% to Rs 1202.98 crore in the year ended March 2020 as against Rs 1478.64 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales274.50343.22 -20 1202.981478.64 -19 OPM %58.8941.22 -50.5836.45 - PBDT36.25195.73 -81 593.06710.31 -17 PBT27.35212.08 -87 559.81700.24 -20 NP3.72151.08 -98 415.25486.09 -15

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