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Nippon Life India Asset Management Ltd Q3FY24; 39% 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 Q3FY24 of ₹423.00 Crores up from ₹354.00 Crore year on year, a rise of 19.49%.

Total Expenses for Q3FY24 of ₹173.00 Crores up from ₹150.00 Crores year on year, a rise of 15.33%.

Consolidated Net Profit of ₹284.00 Crores up 38.54% from ₹205.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.53, up 37.69% from ₹3.29 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.

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