Latest News | Nippon Life India Q3 PAT Rises 39 Pc to Rs 284 Cr

New Delhi, Jan 29 (PTI) Nippon Life India Asset Management on Monday reported a 38.5 per cent rise in profit after tax to Rs 284 crore for three months ended December 2023.

In comparison, the company posted a profit after tax (PAT) of Rs 205 crore in the year-ago period, Nippon Life said in a regulatory filing.

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The company's total revenue grew 27.6 per cent 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 (NIMF).

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As on December 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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)