Despite the drop in bottomline, the company’s revenue saw healthy growth. Total income rose 21.9% YoY to ₹526.5 crore, up from ₹431.8 crore a year ago, reflecting stronger inflows and higher asset management fees.
Operating performance was also robust, with EBITDA climbing 25.9% YoY to ₹358.4 crore from ₹284.6 crore. The company’s EBITDA margin improved to 68% from 65.9% last year, signalling better cost efficiencies and higher profitability at the operating level.
NAM India, the asset manager for Nippon India Mutual Fund (NIMF), has been steadily expanding its market share in the highly competitive mutual fund industry. Its quarterly performance comes amid rising retail investor participation, increased penetration in smaller towns (B30 cities), and growing awareness of systematic investment plans (SIPs).
