Nippon Life India Asset Management (NAM-INDIA) investor relations material

Executive summary

• Fastest-growing top-10 AMC in H1 FY27 on overall and equity AUM, with the highest increase in market share among peers.

• Q2 FY27 MF QAAUM rose 20% YoY to INR 7,871bn; closing AUM was INR 8.68tn.

• Record Q2 core operating profit of INR 5,234mn, up 25% YoY; PAT declined 6% YoY to INR 3,244mn after exceptional items. H1 PAT grew 12%.

Financial highlights

• Consolidated Q2 revenue from operations was INR 7,958mn, up 21% YoY; operating expenses were INR 2.72bn, up 14% YoY.

• Q2 core operating profit was INR 5,234mn, up 25% YoY; PBT before exceptional items was INR 5,466mn, versus reported PBT of INR 4,498mn.

• H1 FY27 revenue was INR 15,626mn, up 24% YoY; core operating profit grew 28% to INR 10,177mn and PAT rose 12% to INR 8,281mn.

• Standalone Q2 revenue was INR 7,468mn, up 22% YoY; core operating profit grew 26% to INR 5,190mn, while PAT fell 6% to INR 3,167mn.

Outlook and guidance

• Overall cost growth guidance remained 18%-20% over the next two to three quarters; employee costs were expected in a similar range, subject to hiring and investment needs.

• AIF expansion and professional hiring may add costs over the next three to six quarters; mutual-fund AMC costs were expected to be nearly flat.

• Two SIF strategies were in development pending SEBI clearance; offshore concepts include feeder funds, GIFT City access to Indian master funds and a possible outbound strategy.

• Fundraising was underway for public-equity, digital-innovation VC and private-credit AIFs; a GIFT City fund-of-funds focused on Indian VC funds was in the pipeline.