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Corporate Results

Profit or loss trends for various companies

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

24-Apr-24 14:39Hrs IST

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.

Particulars	Quarter Ended			Year Ended
?	Mar. 2024	Mar. 2023	% Var.	Mar. 2024	Mar. 2023	% Var.
Sales	468.27	348.34	34	1643.22	1349.82	22
OPM %	62.09	59.95	-	60.48	58.88	-
PBDT	381.45	247.37	54	1381.62	957.53	44
PBT	374.11	239.21	56	1352.48	927.74	46
NP	342.92	198.02	73	1107.32	723.33	53

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