Nippon Life India Asset Management edges higher on reporting 13% rise in Q4 consolidated net profit
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Nippon Life India Asset Management is currently trading at Rs. 235.90, up by 0.15 points or 0.06% from its previous closing of Rs. 235.75 on the BSE.
The scrip opened at Rs. 236.90 and has touched a high and low of Rs. 236.90 and Rs. 233.00 respectively. So far 17909 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 334.70 on 26-Apr-2022 and a 52 week low of Rs. 197.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 238.80 and Rs. 232.70 respectively. The current market cap of the company is Rs. 14697.90 crore.
The promoters holding in the company stood at 73.66%, while Institutions and Non-Institutions held 14.37% and 11.98% respectively.
Nippon Life India Asset Management has reported results for fourth quarter (Q4) and year ended March 31, 2023.
Nippon Life India Asset Management has reported 16.60% rise in its net profit at Rs 198.96 crore for the quarter under review as compared to Rs 170.64 crore for the same quarter in the previous year. Total income of the company increased by 6.60% at Rs 371.51 crore for Q4FY23 as compared to Rs 348.51 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 13.25% in its net profit at Rs 198.02 crore for fourth quarter ended March 31, 2023 as compared to Rs 174.85 crore for the same quarter in the previous year. Total income of the company increased by 4.19% at Rs 388.03 crore for Q4FY23 as compared to Rs 372.44 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported marginally rise of 0.52% in its net profit at Rs 714.94 crore as compared to Rs 711.21 crore for the previous year. Total income of the company increased by 0.19% at Rs 1,431.18 crore for year under review as compared to Rs 1,428.42 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 0.52% fall in its net profit at Rs 723.33 crore as compared to Rs 744.16 crore for the previous year. Total income of the company decreased by 1.24% at Rs 1,516.61 crore for year under review as compared to Rs 1,535.63 crore for year ended March 31, 2022.
