Nippon Life India Asset Management
Other income increased 11.62% to Rs 146 crore. Interest cost increased 10.43% to Rs 1.8 crore. Depreciation moved up 23.57% to Rs 8.44 crore. PBT moved up 19.41% to Rs 523.89 crore.
The effective tax rate increased to 24.47% in Q1FY2026 compared to 24.29% in Q1FY2025. Provision for tax was expense of Rs 128.21 crore, compared to Rs 106.58 crore. Profit after tax rose 19.12% to Rs 395.68 crore.
Profit attributable to non-controlling interest was nil in both the periods. The share of profit of associate companies increased 175% to Rs 0.44 crore. Finally, Net profit attributable to owners moved up 19.19% to Rs 396.12 crore.
Book value of the company stood at Rs 72.6 per share end June 2025.
Business highlights:
NAM India?s assets under management stood at Rs 7.44 lakh crore. For Q1FY2026, NIMF?s average assets under management stood at Rs 6.13 lakh crore up 21% YoY. The share of Equity Assets rose to 46.9% of NIMF?s AUM as against 46.7% end June 2024. NIMF has one of the largest retail assets in the industry, at Rs 1.88 lakh crore. Retail assets contributed 29% to NIMF?s AUM against Industry average of 27%. High Networth Individual (HNI) AUM at Rs 1.90 lakh crore, +32% YoY & market share up 63 bps YoY. Sustained market share gain for 14 successive quarters. Corporate AUM was Rs 2.61 lakh crore, +24% YoY & market share growth of 2 bps YoY. NIMFs AUM from Beyond the Top 30 cities (B-30) stood at Rs 1.26 lakh crore, +26% YoY. This forms 19.6% of NIMF?s AUM against 18.4% for the Industry. NIMF?s quarterly systematic flows rose by 30% YoY to Rs 9770 crore. This increase resulted in an annualized systematic book of Rs 39800 crore. NIMF is one of the largest ETF players with AUM of Rs 1.74 lakh crore and a market share of 19.76%. Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of Rs 8100 crore across various schemes (up 25% YoY). NIMF has geographical presence at 266 locations pan India and is amongst the highest in the industry. Digital purchase transactions rose to 3.57 mn in Q FY26, up from 2.82 mn in Q1FY25. Digital channel contributed 75% to new purchase transactions in Q1 FY26 Sundeep Sikka, ED & CEO, NAM India, said ?We witnessed double digit Equity Net Sales and SIP market share, with both remaining well above Equity AUM market share. SIP flows remained robust and Industry flows touched another all-time high in June-2025. We remain humbled to have the trust of 21.2 mn unique investors i.e. over 1 in every 3 mutual fund investors ? highest in the Industry.?Financial Performance FY2025
The income from operation of Nippon Life India Asset Management increased 36% to Rs 2230.69 crore in FY2025. Overall OPM has increased to 64.6% in FY2025 from 60.5% in FY2024, leading to 45% rise in operating profit to Rs 1441.63 crore. Other income declined 26% to Rs 290.03 crore. Interest cost increased 8% to Rs 6.74 crore. Depreciation rose 5% to Rs 30.60 crore. PBT moved up 25% to Rs 1694.32 crore. The effective tax rate increased to 24.1% in FY2025 compared to 18.2% in FY2024. Provision for tax was expense of Rs 408.59 crore, compared to Rs 246.23 crore. Profit after tax increased 16% to Rs 1285.73 crore. Profit attributable to non-controlling interest was nil in both the periods. The share of profit of associate companies decreased 38% to Rs 0.66 crore. Finally, Net profit attributable to owners increased 16% yoy to Rs 1286.39 crore in FY2025.?
| Nippon Life India Asset Management: Consolidated Results | ||||||
| ? | 2506 (3) | 2406 (3) | Var % | 2503 (12) | 2403 (12) | Var % |
| Sales | 606.61 | 504.96 | 20 | 1664.15 | 1174.95 | 42 |
| OPM % | 63.98 | 62.66 | ? | 64.69 | 59.83 | ? |
| OP | 388.13 | 316.41 | 23 | 1076.46 | 702.99 | 53 |
| Other Income | 146.00 | 130.80 | 12 | 266.99 | 301.82 | -12 |
| PBDIT | 534.13 | 447.21 | 19 | 1343.45 | 1004.81 | 34 |
| Interest | 1.80 | 1.63 | 10 | 4.94 | 4.64 | 6 |
| PBDT | 532.33 | 445.58 | 19 | 1338.51 | 1000.17 | 34 |
| Depreciation | 8.44 | 6.83 | 24 | 22.00 | 21.80 | 1 |
| PBT | 523.89 | 438.75 | 19 | 1316.51 | 978.37 | 35 |
| Tax | 128.21 | 106.58 | 20 | 329.10 | 214.75 | 53 |
| PAT | 395.68 | 332.17 | 19 | 987.41 | 763.62 | 29 |
| Minority interest | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Profit/Loss of Associate Company | 0.44 | 0.16 | 175 | 0.38 | 0.78 | -51 |
| PAT | 396.12 | 332.33 | 19 | 987.79 | 764.40 | 29 |
| EPS (Rs)* | 24.9 | 20.9 | ? | 20.8 | 16.1 | ? |
| *EPS is annualized on latest equity of Rs 635.35 crore, face value of Rs 10 each, Source: Capitaline Corporate Database | ||||||
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