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Nippon Life India Asset Management Limited Q2FY21 consolidated PAT at Rs. 145.31 crore

Posted On: 2020-10-27 04:20:38


Nippon Life India Asset Management Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.322.36 crores during the period ended September 30, 2020 as compared to Rs.336.18 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.145.31 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.156.30 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.34 for the period ended September 30, 2020 as compared to Rs.2.53 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 322.36 crs₹ 336.18 crsDown Tick -4.11%
Net Profit₹ 145.31 crs₹ 156.30 crsDown Tick -7.03%
EPS₹ 2.34₹ 2.53Down Tick -7.51%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.322.36 crores during the period ended September 30, 2020 as compared to Rs.322.60 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.145.31 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.136.81 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.34 for the period ended September 30, 2020 as compared to Rs.2.24 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 322.36 crs₹ 322.60 crsDown Tick -0.07%
Net Profit₹ 145.31 crs₹ 136.81 crsUp Tick 6.21%
EPS₹ 2.34₹ 2.24Up Tick 4.46%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.658.54 crores during the 6 months period ended September 30, 2020 as compared to Rs.683.01 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.301.61 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.262.21 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.4.87 for the 6 months period ended September 30, 2020 as compared to Rs..27 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 658.54 crs₹ 683.01 crsDown Tick -3.58%
Net Profit₹ 301.61 crs₹ 262.21 crsUp Tick 15.03%
EPS₹ 4.87₹.27Up Tick 1703.7%

Business Highlights

- As on September 30, 2020, NAM India's assets under management was Rs. 2,76,774 crore (US$ 37.4 billion)

- For the quarter ended September 30, 2020, NIMF's average assets under management was Rs. 2,00,030 crore (US$ 27.0 billion)

- For the quarter ended September 30, 2020, share of Equity Assets rose to 39% of NIMF's AUM as against 38% for the quarter ended June 30, 2020

- As on September 2020, NIMF has one of the largest retail assets in the Industry, at Rs. 52,020 crore (US$ 7.0 billion). Retail assets contributed 26% to NIMF's AUM

- As on September 2020, NIMF garnered AUM of Rs. 36,278 crore (US$ 4.9 billion) from 'Beyond the Top 30 cities' category. This segment forms 18.2% of NIMF's AUM vis-à-vis 16.1% for the Industry

- As on September 30, 2020, NIMF has approx. 93 lakh investor folios, with an annualised Systematic book of over Rs. 7,400 crore (US$ 1.0 billion)

- As on September 2020, Individual AUM was Rs. 98,533 crore (US$ 13.3 billion) and contributed 49% to NIMF's AUM

- For the quarter ended September 30, 2020, NIMF is one of the largest ETF players with AUM of Rs. 28,579 crore (US$ 3.9 billion) and a market share of 13.5%

- As on September 30, 2020, Nippon India AIF offers Category II and Category III Alternative Investment Funds and has a total commitment of approx. Rs. 3,400 crore (US$ 458 million) across various schemes

- As on September 30, 2020, NIMF has geographical presence at approx. 290 locations pan India, and is amongst the highest in the industry

- For the quarter ended September 30, 2020, digital purchase transactions rose to 5 lakh - an increase of 31% as against quarter ended September 30, 2019. Digital channel contributed 48% to total new purchase transactions

Mr. Sundeep Sikka, ED & CEO, NAM India, said "the integration process with Nippon Life, which began in Oct 2019, is now complete. We have successfully established the "Nippon India Mutual Fund" brand in India, especially in smaller cities and towns, both amongst institutional and retail investors. The new brand has also received positive feedback from our 77,000+ distributors.

Out of the last 12 months, we have witnessed full or partial lockdown for over six months. Despite challenges, NIMF completed one of the largest digital NFOs (Multi Asset Fund) in August, garnering over Rs. 700 crore. Further, NIMF expanded its product suite in the passive fund category, and launched the India's 1st IT ETF and, the Nifty Smallcap 250 Index Fund. The mandate to manage POLIF and RPOLIF's funds greatly enhances our credibility across domestic and foreign investors.

In H1, profit improved by 15% driven by steady growth in assets, and gains from superior cost optimisation initiatives."

Shares of Nippon Life India Asset Management Ltd was last trading in BSE at Rs.273 as compared to the previous close of Rs. 271.8. The total number of shares traded during the day was 25901 in over 1904 trades.

The stock hit an intraday high of Rs. 274.5 and intraday low of 269.25. The net turnover during the day was Rs. 7048122.


Source: Equity Bulls

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