Nippon Life India Asset Management consolidated net profit rises 73.17% in the March 2024 quarter

Sales rise 34.43% to Rs 468.27 crore

Net profit of Nippon Life India Asset Management rose 73.17% to Rs 342.92 crore in the quarter ended March 2024 as against Rs 198.02 crore during the previous quarter ended March 2023. Sales rose 34.43% to Rs 468.27 crore in the quarter ended March 2024 as against Rs 348.34 crore during the previous quarter ended March 2023.

For the full year,net profit rose 53.09% to Rs 1107.32 crore in the year ended March 2024 as against Rs 723.33 crore during the previous year ended March 2023. Sales rose 21.74% to Rs 1643.22 crore in the year ended March 2024 as against Rs 1349.82 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales468.27348.34 34 1643.221349.82 22 OPM %62.0959.95 -60.4858.88 - PBDT381.45247.37 54 1381.62957.53 44 PBT374.11239.21 56 1352.48927.74 46 NP342.92198.02 73 1107.32723.33 53

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