Nippon Life Q1 Results Live : profit rise by 40.99% YOY
Nippon Life Q1 Results Live : Revenue increased by 42.58% YoY & profit increased by 40.99% YoY
Nippon Life Q1 Results Live : Nippon Life declared their Q1 results on 19 Jul, 2024. The topline increased by 42.58% & the profit increased by 40.99% YoY.
Compared to the previous quarter, the revenue grew by 7.84% and the profit decreased by 3.09%.
The Selling, general & administrative expenses rose by 18.62% q-o-q & increased by 34.83% Y-o-Y.
The operating income was up by 9.28% q-o-q & increased by 59.51% Y-o-Y.
The EPS is ₹5.18 for Q1 which increased by 37.4% Y-o-Y.
Nippon Life has delivered -2.27% return in the last 1 week, 27.61% return in last 6 months and 45.56% YTD return.
Currently, Nippon Life has a market cap of ₹41161.08 Cr and 52wk high/low of ₹685.9 & ₹297.05 respectively.
As of 20 Jul, 2024, out of 13 analysts covering the company, 1 analyst has given Sell rating, 1 analyst has given Hold rating, 7 analysts have given Buy rating & 4 analysts have given Strong Buy rating.
The consensus recommendation as of 20 Jul, 2024 was to Buy.
Nippon Life Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 504.96 | 468.27 | +7.84% | 354.15 | +42.58% |
| Selling/ General/ Admin Expenses Total | 105.13 | 88.63 | +18.62% | 77.97 | +34.83% |
| Depreciation/ Amortization | 6.83 | 7.34 | -6.95% | 8.09 | -15.57% |
| Total Operating Expense | 197.01 | 186.46 | +5.66% | 161.09 | +22.3% |
| Operating Income | 307.95 | 281.81 | +9.28% | 193.06 | +59.51% |
| Net Income Before Taxes | 438.75 | 374.11 | +17.28% | 309.93 | +41.56% |
| Net Income | 332.33 | 342.92 | -3.09% | 235.72 | +40.99% |
| Diluted Normalized EPS | 5.18 | 5.37 | -3.54% | 3.77 | +37.4% |
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