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Nippon Life India Asset Management Ltd Q1FY24; 107% rise in Profits

Nippon Life India Asset Mgt. is engaged in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds and advisory mandates.

Financial Results:

Nippon Life India Asset Management Ltd reported Revenues for Q1FY24 of ₹354.00 Crores up from ₹316.00 Crore year on year, a rise of 12.03%.

Total Expenses for Q1FY24 of ₹161.00 Crores up from ₹145.00 Crores year on year, a rise of 11.03%.

Consolidated Net Profit of ₹236.00 Crores up 107.02% from ₹114.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.78, up 106.56% from ₹1.83 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: AMCFinance
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