Nippon Life India Asset Management Ltd Q3FY21 consolidated PAT at Rs. 211.95 crore

Reliance Nippon Life Asset Management Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.398.84 crores during the period ended December 31, 2020 as compared to Rs.322.36 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.211.95 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.145.31 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.3.40 for the period ended December 31, 2020 as compared to Rs.2.34 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 398.84 crs	₹ 322.36 crs	23.73%
Net Profit	₹ 211.95 crs	₹ 145.31 crs	45.86%
EPS	₹ 3.40	₹ 2.34	45.3%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.398.84 crores during the period ended December 31, 2020 as compared to Rs.360.64 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.211.95 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.149.32 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.3.40 for the period ended December 31, 2020 as compared to Rs.2.39 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 398.84 crs	₹ 360.64 crs	10.59%
Net Profit	₹ 211.95 crs	₹ 149.32 crs	41.94%
EPS	₹ 3.40	₹ 2.39	42.26%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1057.38 crores during the 9 months period ended December 31, 2020 as compared to Rs.1043.65 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.513.56 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.411.53 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.8.27 for the 9 months period ended December 31, 2020 as compared to Rs.6.66 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1057.38 crs	₹ 1043.65 crs	1.32%
Net Profit	₹ 513.56 crs	₹ 411.53 crs	24.79%
EPS	₹ 8.27	₹6.66	24.17%

Mr. Sundeep Sikka, ED & CEO, NAM India, said "In the last six months, global and domestic economic activity has seen a sharp rebound. The Indian mutual fund industry's assets have increased at a strong pace in this period and, are poised to grow exponentially in the next 3 - 5 years. Our priority is to be 'Future Ready' and capture this long-term opportunity.

To execute a profitable growth strategy, with the "Investor First" philosophy at its core, we place relentless emphasis on four key pillars viz. superior fund performance in the active category, comprehensive product offering in the passive category, business de-risking by increasing share of non-MF segments, and a robust digitech architecture that provides wide reach and best-in-class customer service.

In Q3 FY21, profit rose by 42% driven by strong growth in assets, and improved cost efficiencies."

Shares of Nippon Life India Asset Management Ltd was last trading in BSE at Rs.317 as compared to the previous close of Rs. 314. The total number of shares traded during the day was 66185 in over 1828 trades.

The stock hit an intraday high of Rs. 326.8 and intraday low of 309.2. The net turnover during the day was Rs. 21046009.

Source : Equity Bulls

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