Nippon Life India AMC Q2 FY26 Profit Declines 4% YoY to ₹344.6 Crore; Declares ₹9 Interim Dividend

Mumbai, October 30, 2025: Nippon Life India Asset Management Ltd (NSE: NAM-INDIA | BSE: 540767) reported a 4% year-on-year (YoY) decline in consolidated net profit to ₹344.64 crore for Q2 FY26, compared to ₹360.10 crore in the same period last year, while sequentially, profit dropped 13% from ₹396.12 crore in Q1 FY26.

Despite the softer earnings, investor sentiment remained positive, with the share price of NAM India closing 1.64% higher at ₹872.00 on the NSE. The stock touched an intraday high of ₹882.65 and a low of ₹841.70, taking the company’s market capitalisation to ₹32,700 crore, as investors viewed the results as broadly stable amid short-term profit moderation.

Nippon Life India Asset Management Ltd (NAM India), part of Japan’s Nippon Life Insurance Group, is among India’s largest asset managers. The company manages mutual funds, ETFs, PMS, and alternative investments, while advising India-focused funds across Japan and Thailand. It also operates a Singapore subsidiary and a Dubai representative office to cater to international investors.

Financial Performance

The company’s total income rose marginally by 0.4% YoY to ₹694.71 crore – supported by a 15% increase in revenue from operations to ₹658.12 crore. Profit before tax stood at ₹455.51 crore, down 6.3% YoY, while basic earnings per share fell to ₹5.42 from ₹5.69 last year. Total expenses increased 16.1% YoY to ₹239.20 crore.

For the first half of FY26, NAM India’s consolidated profit grew 7% YoY to ₹740.76 crore – on total income of ₹1,447.32 crore – up 9% from the year-ago period.

Dividend and Board Decisions

The Board declared an interim dividend of ₹9 per equity share, with November 6, 2025, set as the record date. Dividend payments will begin on November 14, 2025. The Board also reappointed Sundeep Sikka as Managing Director and CEO for a five-year term starting April 22, 2026, and approved the relocation of the registered office to One Lodha Place, Lower Parel, Mumbai, effective November 10, 2025.

Operational and Business Highlights

NAM India recorded its highest-ever quarterly operating profit of ₹419 crore, driven by growth in assets under management (AUM) and consistent market share gains. Total AUM stood at ₹7.61 trillion as of September 30, 2025, with mutual fund QAAUM rising 20% YoY to ₹6.57 trillion, the fastest growth among the top 10 AMCs.

Retail AUM contributed 29% of total assets, while SIP inflows rose 19% YoY to ₹10,720 crore. Beyond Top 30 (B-30) city investments grew 15% YoY, now accounting for 19.8% of total AUM. ETF AUM reached ₹1.83 trillion, with a market share of 19.77%.

Management Commentary

Sundeep Sikka, Executive Director and CEO, stated that NAM India continues to strengthen its leadership position with expanding investor participation and strong digital adoption. He added that the firm now serves 21.9 million unique investors, representing over one-third of mutual fund investors in India.

REF:https://nsearchives.nseindia.com/corporate/RNLAM_30102025153652_Outcome_Oct_2025_final_VV.pdf

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