Nippon Life India Asset Management’s shares jumped 10% to a high of Rs 739.80 on BSE following their Q2 results and interim dividend announcement. The company reported a significant 47% year-on-year increase in profit after tax for Q2 FY25, totaling Rs 3.60 billion.
For the first half of FY25, the operating profit soared by 57% year-on-year, reaching Rs 3.65 billion. This period also saw a 58% increase from the previous year, indicating strong operational growth and financial health.
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Total income for the quarter stood at Rs 6.92 billion. In a further boost to shareholders, the board declared an interim dividend of Rs 8 per equity share, with a record date set for November 6, 2024, and the dividend payable from November 14, 2024.
Throughout FY24, the company disbursed a total dividend of Rs 16.50 per share. Over the last decade, the cumulative dividend reached a substantial Rs 51 billion, reflecting a consistent return to shareholders.
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The mutual fund’s quarterly average assets under management (AUM) rose by 57% year-on-year to Rs 5.49 trillion. Systematic investment inflows for Q2 FY25 also increased dramatically by 91% year-over-year, amounting to Rs 90.3 billion.
Nippon Life India AMC stands as a leading ETF provider with an AUM of Rs 1.48 trillion, capturing an 18.17% market share. Their Gold ETF ranks as the 11th largest passive gold fund globally, underscoring their significant market presence.
