Nippon India AMC AMC reported 10.59% growth in revenues for the Dec-20 quarter on consolidated basis at Rs398.84cr. The core fund management revenues have come down on a yoy basis due to the consistent redemptions in equity funds. However, this was more than compensated for by the sharp spike in other income.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 41.94% at Rs211.95cr on the back of lower employee costs and also lower miscellaneous expenses as the company imposed stringent controls on costs in the light of falling core revenues. PAT margins improved from 41.40% in Dec-19 to 53.14% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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|
Nippon Life India AMC |
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 398.84 |
₹ 360.64 |
10.59% |
₹ 322.36 |
23.73% |
|
Net Profit (Rs cr) |
₹ 211.95 |
₹ 149.32 |
41.94% |
₹ 145.31 |
45.86% |
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|
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Diluted EPS (Rs) |
₹ 3.40 |
₹ 2.39 |
|
₹ 2.34 |
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Net Margins |
53.14% |
41.40% |
|
45.08% |
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