- Nippon Life India AM’s net income for the third quarter was 2.95 billion rupees, which is up by 3.9% compared to last year but falls short of the estimated 3.14 billion rupees.
- The company’s revenue reached 5.88 billion rupees, an increase of 39% from the previous year, but slightly below the anticipated 5.92 billion rupees.
- Other income significantly decreased by 86% year-on-year, totaling 154.1 million rupees.
- The average assets under management surged, reaching 6.56 trillion rupees, marking a 19% increase quarter-on-quarter.
- Total costs rose to 2.12 billion rupees, registering a 23% increase from the previous year.
- Analyst recommendations include 17 buys, 3 holds, and 2 sells.
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A look at Nippon Life India Asset Management Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investment analysts foresee a promising long-term outlook for Nippon Life India Asset Management as indicated by the Smartkarma Smart Scores. The company excels in areas such as dividend, growth, resilience, and momentum, showcasing strong performance across these key factors. With a solid score in dividend and impressive growth potential, Nippon Life India Asset Management stands out as a company with a stable financial stance and promising expansion prospects in the market.
Nippon Life India Asset Management operates as an investment management firm in India, offering a range of financial services to various clients. The company’s high scores in growth, resilience, and momentum point towards a robust foundation for future success and continued growth in the investment management sector. With a diversified portfolio and strong advisory services, Nippon Life India Asset Management is positioned to capitalize on emerging opportunities and deliver value to its stakeholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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