Nippon Life India Asset Management consolidated net profit rises 4383.06% in the March 2021 quarter

Sales rise 9.98% to Rs 301.90 crore

Net profit of Nippon Life India Asset Management rose 4383.06% to Rs 166.77 crore in the quarter ended March 2021 as against Rs 3.72 crore during the previous quarter ended March 2020. Sales rose 9.98% to Rs 301.90 crore in the quarter ended March 2021 as against Rs 274.50 crore during the previous quarter ended March 2020.

For the full year,net profit rose 63.84% to Rs 680.33 crore in the year ended March 2021 as against Rs 415.25 crore during the previous year ended March 2020. Sales declined 11.71% to Rs 1062.14 crore in the year ended March 2021 as against Rs 1202.98 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales301.90274.50 10 1062.141202.98 -12 OPM %54.9458.89 -52.4950.58 - PBDT224.9736.25 521 910.29593.06 53 PBT217.8727.35 697 877.02559.81 57 NP166.773.72 4383 680.33415.25 64

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