HDFC AMC and Nippon Life India AMC have posted stellar results for the financial year 2020-21.
While HDFC AMC's net profit has grown by 5% to Rs 1,325 crore, Nippon Life India AMC posted its highest-ever yearly profit of Rs 680 crore, an increase of 64%.
|
AMC |
Profit (FY21) |
Profit (FY20) |
Rise |
Growth % |
|
HDFC AMC |
1326 |
1263 |
63 |
5 |
|
Nippon Life |
680 |
413 |
267 |
64 |
*All numbers are in Rs crore except for percentages
“In FY21, we continued our journey towards strong profitable growth and remain focused on longer term returns, while expanding our investor base. I am very happy to state that NAM India recorded its highest-ever profit driven by robust asset growth, and better operating efficiencies," said Sundeep Sikka, ED & CEO of Nippon Life India.
For the quarter-ended March 31, HDFC AMC's net profit has increased by 26% to Rs 316 crore. Nippon Life India AMC has registered a manifold increase in net profit at Rs 167 crore. Last year, it posted a profit of Rs 4 crore in Jan-Mar quarter.
|
AMC |
Profit (Q4 FY21) |
Profit (Q4 FY20) |
Rise |
Growth % |
|
HDFC AMC |
316 |
250 |
66 |
26 |
|
Nippon Life |
167 |
4 |
163 |
4075 |
*All numbers are in Rs crore except for percentages
Key highlights of the results of each AMC:
HDFC AMC:
- AUM has gone up by 12% to Rs 4.15 lakh crore in March 2021 from Rs 3.7 lakh crore in March 2020
- Operating profit has declined by 7% to Rs 1,400 crore in FY 2021
- Profit before tax was up by 6% to Rs 1,748 crore in FY 2021
Nippon Life India:
- Total income for FY21 has increased by 19% to Rs 1,419 crore
- For the March quarter, total income rose to Rs 362 crore
- The AMC manages AUM of Rs.3.50 lakh crore as on March 2021
