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Nippon Life India - Cost Control, Higher Offshore Contribution To Support Earnings: Nirmal Bang

Nippon Life India - Cost Control, Higher Offshore Contribution To Support Earnings: Nirmal Bang

Headquarters of Nippon Life Insurance in Osaka, Japan. (Photographer: Tomohiro Ohsumi/Bloomberg)
Headquarters of Nippon Life Insurance in Osaka, Japan. (Photographer: Tomohiro Ohsumi/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Nippon Life India Asset Management Ltd. reported 1.5% YoY growth in profit after tax for Q3 FY21 despite revenue declining 11.4% YoY.

The earnings performance was driven by a sharp decline in operating expenses; Ebitda was flat YoY.

Since the takeover by Nippon Life (Japan), we have seen significant recovery in business flows along with an improving cost structure.

The company’s consistent focus on cost optimisation and rationalisation over the last six to eight quarters has resulted in reduction across various expense heads.

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Nirmal Bang Nippon Life India AMC -Company Update-3 March 2021.pdf

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