Nippon Life India Asset Management on Monday reported a 38.5% rise in profit after tax to Rs 284 crore for three months ended December 2023.
In comparison, the company posted a profit after tax of Rs 205 crore in the year-ago period, Nippon Life said in a regulatory filing.
The company's total revenue grew 27.6% to Rs 530.39 crore in the quarter under review from Rs 415.74 crore in the October-December period of the preceding financial year (2022-23).
Nippon Life is the asset manager of Nippon India Mutual Fund.
As on Dec. 31, 2023, Nippon Life's assets under management were at Rs 4.81 lakh crore, including NIMF's assets base of Rs 3.78 lakh crore.
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