'Nippon Life India Asset Management has posted
strong 41% jump in the net profit to Rs 332.33 crore in the quarter ended June
2024 (Q1FY2025). The income from operation galloped 43% to Rs 504.96 crore in
Q1FY2025. Overall OPM has increased to 62.7% in Q1FY2025 from 57.2% in Q1FY2024,
leading to 56% surge in operating profit to Rs 316.41 crore. Other expenditure as a
percentage of total income moved down to 16.52% from 20.82%. The staff cost as a percentage of total
income declined to 20.82% from 22.02%.
Other income increased 12% to Rs 130.80
crore. Interest cost increased 26% to Rs 1.63 crore. Depreciation moved down 16%
to Rs 6.83 crore. PBT moved up 42% to Rs 438.75 crore.
The effective tax rate rose slightly to 24.3%
in Q1FY2025 compared to 24.1% in Q1FY2024. Provision for tax was expense of Rs 106.58
crore, compared to Rs 74.56 crore. Profit after tax increased 41% to Rs 332.17
crore.
Profit attributab...
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Revenue up 11% YoY to Rs 33562.9 crore in Q2FY2025
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(18-Nov-2024)
Bharat Forge
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