Q2 2025 Nippon Life India Asset Management Ltd Earnings Call Transcript
Key Points
- Nippon Life India Asset Management Ltd (BOM:540767) achieved its highest ever quarterly profit after tax of INR3.6 billion and highest ever quarterly operating profit of INR3.65 billion.
- The company reported a significant increase in its mutual funds quarterly average AUM, growing 14% quarter-on-quarter and 57% year-on-year to INR5.49 trillion.
- The SIP market share increased by 52 basis points to 9.8% over June 2024 to September 2024, representing an increase of 385 basis points since March 2023.
- Nippon Life India Asset Management Ltd continues to be one of the largest ETF players with an AUM of INR1.48 trillion and a market share of 18.2%, which increased by 37 basis points quarter-on-quarter.
- The company declared an interim dividend of INR8 per share along with the Q2 FY25 results, reflecting strong financial performance and shareholder returns.
- The fixed income category witnessed a net inflow of INR507 billion, which was lower on a quarter-on-quarter basis.
- Employee headcount decreased by 85 employees in Q2 FY25, indicating potential challenges in workforce management.
- The tax component in the quarter included a one-off impact due to changes in the tax regime, affecting the overall tax rate.
- Despite strong growth in overall AUM, revenue yields remained stable, indicating potential pressure on yields across different segments.
- The managed account book, including AIF business, remained largely flat between June and September, suggesting challenges in growth momentum.
Ladies and gentlemen, good day, and welcome to Nippon Life India Asset Management Q2 FY25 Earnings Conference Call hosted by InCred Equities. (Operator Instructions). Please note that this conference is being recorded. I now hand the conference over to Mr. Jignesh Shial from InCred Equities. And over to you, sir.
Yes. Thank you, Steve, and good evening, everyone. On behalf of InCred Equities, I welcome all to Nippon Life India Asset Management Q2 FY25 Earnings Conference Call.
We have along with us Mr. Sundeep Sikka, Executive Director and Mr. Parag Joglekar, the Chief Financial Officer; and the senior management team of Nippon Life India Asset Management. We are thankful to the management for allowing us this opportunity.
I would now like to hand it over to Mr. Sundeep Sikka, Executive Director and CEO of Nippon Life India Asset Management for his opening remarks. Over to you, sir.
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