Nippon Life India Asset Management s PAT surged by 73.3% YoY to Rs 343 crore, with revenue increasing by 34.4% YoY to Rs 468 crore. Consolidated EBITDA also rose 39.2% YoY to Rs 291 crore.
Auto, transportation, and logistics are important sectors of the Indian economy. These sectors suffered when lockdowns were announced. However, logistics activity has now surpassed the pre-COVID levels. Analysts are upbeat about the economic activity in this space, especially in the auto sector.