Nippon Life India Asset Management (NAM-INDIA) Q4 13/14 earnings summary

Executive summary

• FY14 revenue was ₹7,801,760,231 and net profit was ₹3,039,423,887; reported basic EPS rose to ₹275.28 from ₹177.93 YoY.

• Mutual fund QAAUM reached ₹103,542 crore, while portfolio management AUM, including EPFO, reached ₹85,065 crore.

Financial highlights

• Total revenue rose to ₹7,801,760,231 from ₹7,126,740,652; management-fee revenue was ₹6,618,042,633 versus ₹5,899,816,525.

• Profit before exceptional items and tax was ₹3,893,717,787 versus ₹3,136,839,140; reported net profit was ₹3,039,423,887 versus ₹1,975,381,922.

• Other income was ₹1,183,717,598, down from ₹1,226,924,127; administrative and other expenses rose to ₹1,530,660,681 from ₹1,176,233,865.

Outlook and guidance

• FY15 was expected to benefit from economic and market recovery, reforms, and improvements in current-account deficit and inflation pressure points.

• Growth priorities included expanding fund management and advisory services, developing products, improving distribution and customer service, and using technology to reach Tier III and IV locations.

• Alternative investment plans included a real-estate AIF offering, with further offerings intended to follow.