Nippon Life Asset Management's consolidated net profit for the fourth quarter saw 29% increase, according to an exchange filing from the company on Monday.
The firm also declared a dividend of Rs 12.5 per share. The record date, for determining the eligibility of shareholders to receive the payment of final dividend will be on June 26, 2026. The payment date for final dividend will be on and from July 10, 2026, the filing said.
The firm saw its net profit go up to Rs 385 crore YoY (Year-On-Year) compared to Rs 299 crore in the year ago period. The company's total income increased by 19.6% to Rs 705 crore YoY from the previous fiscal's Rs 590 crore. It other loss was at Rs 33.5 crore YoY compared to Rs 23 crore in the preceding financial year.
Nippon Life Asset Management Q4FY26 Highlights (Consolidated,YoY)
- Net Profit Up 28.8% At Rs 385 crore Vs Rs 299 crore
- Total Income Up 19.6% At Rs 705 crore Vs Rs 590 crore
- Other Loss At Rs 33.5 crore Vs Income Of Rs 23 crore
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The firm has also granted 3.87 lakh stock units under the ‘Nippon Life India Asset Management Ltd – Performance linked Stock Unit Scheme 2023' (“PSU 2023”) at Rs. 10.00 per stock unit.
It has also granted 15.96 lakh stock options under the ‘Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023' (“ESOP 2023”) at Rs. 898.04 per stock option.
Sundeep Sikka also occupied the managing director and chief executive officer roles of the company with effect from April 22, 2026 for a fresh term of five years.
Share price of Nippon Life Asset Management saw a 1.06% increase to Rs 989.70 at the end of the day's trade, compared to a 0.81% uptick of the NSE Nifty 50.
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