Q4FY22 Result Update - Nippon Life India AMC - ICICI Direct

Posted On : 2022-04-28 19:01:41( TIMEZONE : IST )

Q4FY22 Result Update - Nippon Life India AMC - ICICI Direct

Steady quarter with marginal uptick in market share.

- QAAUM was at Rs. 283300 crore, up 24% YoY, flat QoQ. Market share was up 26 bps

- Operational revenue up 12% YoY at Rs. 338 crore; sequentially flat due to lower yields

- PAT up 5% YoY, flat QoQ at Rs. 174.5 crore, due to subdued topline

Key triggers for future price performance

- Continued focus on AUM growth and robust pipeline of new products will boost profitability and aid market share gain

- Strong brand franchise, distribution strength and operational capabilities

For details, click on the link below: Link to the report

Shares of Nippon Life India Asset Management Limited was last trading in BSE at Rs. 320.00 as compared to the previous close of Rs. 320.95. The total number of shares traded during the day was 56864 in over 2047 trades.

The stock hit an intraday high of Rs. 330.70 and intraday low of 318.80. The net turnover during the day was Rs. 18367080.00.

Source : Equity Bulls


NipponLifeIndiaAssetManagement INE298J01013 ICICIDirect Q4FY22 ResultUpdate