Nippon Life India Asset Management Limited has informed the Exchange regarding Board meeting held on July 28, 2025.
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Awaiting price reaction for this filing.
Nippon Life India Asset Management reported its highest-ever quarterly profit after tax of ₹396 crore (consolidated) for Q1 FY26, up about 19% year-on-year from ₹332 crore. Standalone revenue from operations grew around 21% YoY to ₹564 crore, while standalone PAT rose nearly 22% to ₹385 crore. Average assets under management of mutual funds stood at ₹6.13 trillion, up 27% YoY, with overall market share improving 29 basis points to 8.49%. The Board also approved amending the ESOP 2019 plan to extend the exercise period from 7 years to 9 years, subject to shareholder approval. A final dividend of ₹10 per share for FY25 was already paid on July 21, 2025.
Strong quarterly results with healthy growth in revenue, profits and AUM should be viewed positively by shareholders. The SEBI show cause notice remains a lingering concern, but no financial provision has been made as the company believes it has complied with regulations.