Shares of Nippon Life India Asset Management Ltd fell 3.39% to ₹632.05 on Friday, January 24, 2025, following the announcement of its financial results for the December 2024 quarter. While the company reported healthy growth in net profit and revenue, the stock declined amid profit-booking and market sentiment.
Key Highlights:
- Net Profit: Increased 11.8% year-on-year (YoY) to ₹296 crore, up from ₹264.7 crore in the same quarter last year.
- Revenue: Jumped 39% YoY to ₹545.4 crore compared to ₹392.3 crore in Q3FY24.
- EBITDA: Rose 48.8% YoY to ₹377.6 crore, with margins improving to 69.2% from 64.7% in the year-ago quarter.
Sequential Performance:
- In the previous quarter (Q2FY25), Nippon Life India reported a net profit of ₹360.1 crore and revenue of ₹571.3 crore, indicating a sequential decline in profitability.
Stock Performance:
- Previous Close: ₹654.20
- Day’s Range: ₹630.10 – ₹650.00
- Market Cap: ₹400.08 billion
- P/E Ratio: 30.53
- Dividend Yield: 3.01%
Nippon L I A M Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Jan 23 2025
|
₹641.00
|
₹654.20
|
|
|
Wed, Jan 22 2025
|
₹663.00
|
₹642.90
|
-2.57%
|
|
Tue, Jan 21 2025
|
₹689.70
|
₹659.85
|
-4.33%
|
|
Mon, Jan 20 2025
|
₹687.75
|
₹689.70
|
|
|
Fri, Jan 17 2025
|
₹685.50
|
₹687.75
|
|
|
Thu, Jan 16 2025
|
₹664.85
|
₹685.65
|
|
|
Wed, Jan 15 2025
|
₹644.00
|
₹660.25
|
|
|
Tue, Jan 14 2025
|
₹638.85
|
₹635.60
|
-0.03%
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
