Nippon Life India Reports Mixed Financial Results

Nippon Life India Asset Management reported a 13% drop in consolidated profit after tax (PAT) to Rs 298.6 crore for the March quarter. However, revenue rose 21% to Rs 566.5 crore. For the fiscal year 2024-25, PAT increased 16% to Rs 1,286.4 crore, with revenue up 36% to Rs 2,231 crore.

Nippon Life India Asset Management announced a 13% decline in its consolidated profit after tax (PAT) to Rs 298.6 crore for the March quarter, compared to Rs 343 crore a year earlier.

The company, however, recorded a 21% surge in revenue from operations, reaching Rs 566.5 crore during the same period as per the FY24 financial results.

For FY25, Nippon posted a 16% rise in PAT to Rs 1,286.4 crore, and a 36% jump in operational revenue to Rs 2,231 crore, underlining its robust performance despite quarterly profit challenges.

(With inputs from agencies.)