Nippon Life India Asset Management Limited — Board Meeting, 23-01-2025: Outcome of Board Meeting

The Board of Directors of Nippon Life India Asset Management has approved the financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹603.30 Cr and a profit after tax of ₹295.26 Cr for the quarter. This reflects a 4% year-over-year increase in profit after tax, and a notable 29% increase for the nine-month period. The company's assets under management stood at ₹6.56 trillion, with significant growth in both retail and high net worth individual segments. The highest ever quarterly operating profit was also recorded at ₹376 Cr.