Nippon Life India AMC shares surge 10% post Q2 results, interim dividend announcement
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The shares of Nippon Life India Asset Management have surged by 10% to day’s high of Rs 739.80 on BSE post the announcement of Q2 results and interim dividend. 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 quar...