Earnings call transcript: Nippon Life India posts record Q2 profit, shares fall
Nippon Life India Asset Management reported a record quarterly operating profit of INR 5.23 billion in Q2 FY 2027, marking its highest ever for a quarter, as reported in their earnings call. However, its shares fell 3.11% to $968.9 from $1,000 after the report due to concerns over a modest revenue shortfall and an exceptional settlement charge.
Revenue increased 21% year on year to INR 7.96 billion, slightly below the 8.12 billion forecast. Operating profit rose 25% from a year earlier and 6% quarter on quarter. The company's total assets under management (AUM) stood at INR 8.68 trillion, with 24.3 million unique investors, making it the fastest-growing among the top 10 asset managers in H1 FY 2027.
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