Nippon Life India AMC Q2 FY27 consolidated PAT at Rs 324.37 cr, down 5.9% YoY

What the numbers show

• Net margin was 40.73% of revenue, against 52.31% a year earlier.

• Revenue rose 20.9% while total expenses rose 13.9%.

• Employee benefits accounted for Rs 15.55 cr of the Rs 33.13 cr rise in total expenses (46%).

• Employee benefits took 17.4% of revenue, against 18.7% a year earlier.

• Basis: Consolidated statement of unaudited profit and loss for the quarter ended 30-Sep-26

• Period reported: Quarter ended 30-Sep-26 vs quarter ended 30-Sep-25 (Reviewed)

• Revenue from operations: Rs 795.75 cr vs Rs 658.12 cr

• Other income: Rs 23.14 cr vs Rs 36.59 cr

• Total income: Rs 818.89 cr vs Rs 694.71 cr

• Total expenses: Rs 272.33 cr vs Rs 239.20 cr

• Finance cost: Rs 1.64 cr vs Rs 1.80 cr

• Fee and Commission expenses: Rs 22.02 cr vs Rs 19.79 cr

• Employee benefits expenses: Rs 138.83 cr vs Rs 123.28 cr

• Depreciation and amortization expenses: Rs 12.41 cr vs Rs 8.82 cr

• Other expenses: Rs 97.43 cr vs Rs 85.51 cr

• Profit before exceptional items and tax: Rs 546.56 cr vs Rs 455.51 cr

• Exceptional items: Rs 96.76 cr vs Rs -

• Profit Before Tax: Rs 449.80 cr vs Rs 455.51 cr

• Total tax expense: Rs 125.66 cr vs Rs 111.26 cr

• Profit after tax: Rs 324.14 cr vs Rs 344.25 cr

• Share of profit in associate: Rs 0.23 cr vs Rs 0.39 cr

• Net profit after tax and share of profit in associate: Rs 324.37 cr vs Rs 344.64 cr

• Earnings per share (Basic): Rs 5.07 vs Rs 5.42

• Earnings per share (Diluted): Rs 4.98 vs Rs 5.32

According to the consolidated statement of profit and loss for the quarter ended 30-Sep-26, Nippon Life India Asset Management Limited reported revenue from operations of Rs 795.75 cr, higher than Rs 658.12 cr in the corresponding quarter ended 30-Sep-25. Including other income of Rs 23.14 cr (vs Rs 36.59 cr a year earlier), total income for the quarter stood at Rs 818.89 cr compared with Rs 694.71 cr in the prior-year quarter.

Total expenses rose to Rs 272.33 cr from Rs 239.20 cr. Within this, employee benefits expenses increased to Rs 138.83 cr from Rs 123.28 cr, depreciation and amortization expenses to Rs 12.41 cr from Rs 8.82 cr, fee and commission expenses to Rs 22.02 cr from Rs 19.79 cr, and other expenses to Rs 97.43 cr from Rs 85.51 cr. Finance cost was Rs 1.64 cr versus Rs 1.80 cr in the same quarter last year.

Profit before exceptional items and tax was Rs 546.56 cr, up from Rs 455.51 cr in the year-ago quarter. The company recorded exceptional items of Rs 96.76 cr in Q2 FY27, compared with no exceptional items in Q2 FY26, and the statement of financial results (note referenced in the table) identifies this as an exceptional item for the quarter and half year ended September 30, 2026. After this exceptional charge, profit before tax came in at Rs 449.80 cr versus Rs 455.51 cr a year earlier.

Total tax expense increased to Rs 125.66 cr from Rs 111.26 cr. Profit after tax was Rs 324.14 cr compared with Rs 344.25 cr in the corresponding quarter. After including share of profit in associate of Rs 0.23 cr (vs Rs 0.39 cr), net profit after tax and share of profit in associate stood at Rs 324.37 cr against Rs 344.64 cr in Q2 FY26. Basic earnings per share for the quarter were Rs 5.07 (vs Rs 5.42), and diluted earnings per share were Rs 4.98 (vs Rs 5.32), as per the statement of financial results.