Nippon Life Q4 profit jumps to Rs 343 crore

| | New Delhi
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Nippon Life Q4 profit jumps to Rs 343 crore

Thursday, 25 April 2024 | PTI | New Delhi

Nippon Life India Asset Management Ltd on Wednesday reported its highest-ever quarterly profit after tax (PAT) at Rs 343 crore for the March quarter, marking a 73 per cent jump from the year-ago period.

The company had posted a PAT of Rs 198 crore in the year-ago period, the asset management firm said in a stock exchange filing.

Total income rose to Rs 560.57 crore during the fourth quarter of FY24 from Rs 388.03 crore in the year-ago period.

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