Reliance Nippon Life Asset Management standalone net profit rises 24.39% in the March 2018 quarter

Sales rise 16.38% to Rs 412.00 crore

Net profit of Reliance Nippon Life Asset Management rose 24.39% to Rs 153.00 crore in the quarter ended March 2018 as against Rs 123.00 crore during the previous quarter ended March 2017. Sales rose 16.38% to Rs 412.00 crore in the quarter ended March 2018 as against Rs 354.00 crore during the previous quarter ended March 2017.

For the full year,net profit rose 24.69% to Rs 505.00 crore in the year ended March 2018 as against Rs 405.00 crore during the previous year ended March 2017. Sales rose 20.72% to Rs 1532.00 crore in the year ended March 2018 as against Rs 1269.00 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales412.00354.00 16 1532.001269.00 21 OPM %32.0437.29 -34.3336.96 - PBDT209.00172.00 22 740.00600.00 23 PBT201.00162.00 24 707.00582.00 21 NP153.00123.00 24 505.00405.00 25

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