Nippon Life India Asset Management adds 1.39% to 682.15 after the company's consolidated net profit jumped 47.33% to 360.10 crore on 45.59% rise in total income to 692.08 crore in Q2 FY25 over Q2 FY24.

Revenue from operations have started at 571.30 crore in Q2 FY25, while registering a growth of 43.73% on YoY basis. Profit before tax (PBT) rises by 56.59% to Rs 486.05 crore in the month of September quarter from 310.39 crore which is recorded in the corresponding quarter previous year.

Total expenses of the company added 24.88% to 206.03 crore in Q2 FY25 as compared with 164.97 crore in Q2 FY24. Core operating profit stood at 3,653 crore in Q2 FY25, up 57% from 2,325 crore in Q2 FY24.

As of June 2024, the revenue of NAM India assets under management stood at 6.54 lakh crore ($ 78.1 billion). NIMFs average assets under management stood at Rs 5.49 lakh crore ($65.5 billion), up 57% YoY in Q2 FY25.

During the quarter, share of equity assets rises up to 51.1% of NIMFs AUM as against 46.8% as on 30 September 2023. Individual AUM (retail + HNI) was at 3.39 lakh crore ($40.billion), registering a growth of 14% QoQ. This segment contributed 60% to NIMFs AUM.

NIMF is one of the largest retail assets in the industry, at 1.74 lakh crore ($ 20.7 billion). Retail assets contributed 31% to NIMFs AUM as against industry average of 28%.

The company’s’ net profit recover 44.21% to 692.43 crore on 43.19% rise in revenue to 1076.26 crore in H1 FY25 over H1 FY24.

Meanwhile, the company's board approves the declaration of an interim dividend of 8.00 per equity share. The company has fixed the record date which is 6 November 2024 for the purpose of establishing the entitlement of the shareholders to the interim share.