Nippon Life India AMC declares ₹9.50 dividend despite profit dip

Nippon Life India Asset Management declared an interim dividend of ₹9.50 per equity share for the financial year 2026-27, representing 95% of its face value.

The company reported a 6% annual decline in net profit after tax to ₹324.4 crore for the September quarter, impacted by a one-time Sebi settlement item of ₹96.76 crore.

Revenue from operations surged 21% year-on-year to ₹796 crore, while the company fixed Wednesday, October 28, as the record date for the dividend.