Nippon Life India Sees Record Profits Amid Market Gains

Nippon Life India Asset Management announced a 29% year-on-year increase in its consolidated Profit After Tax (PAT) to Rs 384.48 crore for the quarter ending March 2026. The company had posted a PAT of Rs 298.32 crore in the same quarter of the previous fiscal year.

According to a regulatory filing, the firm experienced a rise in total income to Rs 705.20 crore compared to Rs 589.58 crore in the year-ago period. 'Driven by our focus on execution, we continued to improve our market share,' stated Sundeep Sikka, MD & CEO, as the firm claimed the highest increase in the industry for FY26.

The board proposed a final dividend of Rs 12.50 per equity share, with total dividends for FY 2025-26 reaching Rs 21.50 per equity share. The firm's full-year PAT climbed to Rs 1,529.38 crore from Rs 1,286.39 crore in FY25, with total income rising to Rs 2,933 crore from Rs 2,521 crore. Shares closed 1.63% higher at Rs 995.40 on BSE.

(With inputs from agencies.)