The profit after tax for Q2 FY25 was recorded at Rs 3.60 billion, up by 47% on a yearly basis and up by 44% for H1 FY25. The operating profit was recorded at Rs 3.65 billion, up by 57% on a yearly basis and up by 58% for H1FY25. The total income stood at Rs 6.92 billion.
The board has also approved declaration of an interim dividend of Rs 8 per equity share of Rs 10 each of the company and has fixed the record date as November 6, 2024 for the purpose of ascertaining the entitlement of the shareholders to the interim dividend. Dividend will be paid on and from November 14, 2024.
The company has offered a total dividend of Rs 16.50 per share in FY24. The cumulative dividend offered in the last 10 financial years was recorded at Rs 51 bn.
The company has reported the highest ever quarterly profit after tax & operating profit, according to the filing on exchange.
The mutual fund quarterly average AUM was recorded at Rs 5.49 trillion up by 57% on a yearly basis. The systematic flows for Q2 FY25 was recorded at Rs 90.3 billion which was up by 91% on YoY. The company has the largest unique investor base in the industry at 18.9 million with the market share of 37.7%.NIMF is one of the largest ETF players with AUM of Rs 1.48 trillion (US$ 17.7 billion) and a market share of 18.17%. Nippon India Mutual Fundβs Gold ETF is the 11 largest passive gold fund globally. βThe trend in overall market share gains sustained, including equity β aided by increasing systematic flows. We are humbled to have the trust of 18.9 mn unique investors i.e. over 1 in every 3 mutual fund investors β highest in the Industry,β said Sundeep Sikka, ED & CEO, NAM India.
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