Nippon Life India AMC Q2 Profit Falls 6% to Rs 324 Crore on Rs 96.76 Crore SEBI Settlement; Revenue Up 21%, Rs 9.50 Dividend Declared

Nippon Life India Asset Management's consolidated PAT slipped to Rs 324.37 crore — yaani Rs 3.24 billion — from Rs 344.64 crore a year ago, hit by a one-time Rs 96.76 crore exceptional charge to settle a SEBI case over Yes Bank AT-1 bonds. But operating profit hit a record Rs 523.4 crore and mutual-fund AUM grew 20% to Rs 7.87 trillion; the board declared an interim dividend of Rs 9.50 per share.

Awaaz Punjab Investigations Desk22 October 20263 min readRead in all 3 languages

Nippon Life India Asset Management on Thursday reported a 6% year-on-year decline in consolidated net profit to Rs 324.37 crore for the September quarter of FY27, from Rs 344.64 crore a year earlier, dragged down by a one-time exceptional charge of Rs 96.76 crore, according to the company's investor presentation filed with the stock exchanges and reported by multiple outlets.

Source: The Hindu BusinessLine — Q2 results live updates, Oct 22, 2026

The charge arises from settlement proceedings with SEBI over a show-cause notice issued in August 2024 concerning investments by certain mutual fund schemes in Additional Tier-1 bonds issued by Yes Bank. After SEBI's in-principle acceptance of settlement terms, the AMC remitted Rs 7.68 crore in settlement amounts and Rs 89.08 crore toward management fees earned on those investments, plus interest.

Source: Mint — Nippon Life India Q2 results, Oct 22, 2026

Key numbers

PAT Rs 324.37 cr (-6% YoY, -36% QoQ) • Revenue from operations Rs 795.75 cr (+21% YoY) • Exceptional item Rs 96.76 cr • Record operating profit Rs 523.4 cr (+25%) • Interim dividend Rs 9.50/share, record date Oct 28, payable Nov 5 • MF QAAUM Rs 7.87 trillion (+20%), market share 9.02%

Strip out the one-off and the business looks healthy: operating profit reached a record Rs 523.4 crore, up 25% year-on-year, revenue from operations rose 21% to Rs 795.75 crore, and mutual-fund average AUM grew 20% to Rs 7.87 trillion, making it the fastest-growing AMC among the top ten. Shares closed about 3% lower at Rs 968.90 on Thursday as revenue came in slightly below consensus.

The board approved an interim dividend of Rs 9.50 per equity share, with the record date fixed for October 28, 2026 and payment from November 5, 2026.

Sources