Nippon Life India AMC Q3: PBT jumps 18% to Rs 193 cr on rise in asset base

Management says post-rebranding several major investors have come back

Nippon Life India Asset Management (AMC) on Thursday reported Rs 193 crore of profit before tax (PBT) in December quarter, a jump of 18.4 per cent from corresponding period in last fiscal. For nine-month ending December, PBT increased nine per cent y-o-y to Rs 532 crore

However, the company's total income had slipped by 11 per cent on a y-o-y basis to Rs 360 crore in December quarter. Post-tax profits for the company had increased by 36 per cent on a y-o-y basis to Rs 149 crore in December quarter.

As of December 31, 2019, AMC's total assets under management