Nippon Life India AMC Q2 Profit Falls 6 Per Cent To ₹324.4 Crore After ₹96.76 Crore SEBI-Related Charge

New Delhi, October 22, 2026: Nippon Life India Asset Management disclosed a 6 percent decrease in profit after tax to Rs 324.4 crore for Q2 FY27, primarily due to a one-time Rs 96.76 crore charge related to Securities and Exchange Board of India (Sebi) proceedings. The company posted a profit of Rs 344.64 crore in the same quarter last fiscal year.

Revenue from operations rose by 21 percent YoY to Rs 796 crore, up from Rs 658.1 crore in the previous year, as stated in the filing with the stock exchange. Sebi's settlement proceedings impacted Nippon Life India's profit, resulting in a one-time charge of Rs 96.76 crore. In FY25, the company received a show-cause notice from Sebi alleging non-compliance with securities laws concerning investments in Yes Bank's Additional Tier-1 (AT-1) bonds.

The company and affected officials submitted settlement applications, and in the quarter ending September 30, 2026, Sebi accepted the settlement terms. Consequently, Nippon Life India remitted Rs 7.68 crore towards settlement amounts for the company and officials, and Rs 89.08 crore for management fees on the invested amounts and applicable interest.

The board of directors approved an interim dividend of Rs 9.50 per share. Assets under management increased by 14 percent YoY to Rs 8.68 lakh crore as of September 2026, with Nippon India Mutual Fund's AUM growing by 20 percent YoY to Rs 7.87 lakh crore. The company's shares fell 3.14 percent on the BSE, closing at Rs 970 each.