Nuvama Wealth Management reported mixed results for the second quarter ending September 2025, following the release of its financials after market hours on Tuesday.
The company’s consolidated profit for the quarter was ₹254.13 crore, down slightly from ₹257.64 crore in the corresponding quarter of the previous year. However, total revenue from operations increased by 7.7%, amounting to ₹1,137.71 crore in Q2 FY26, compared to ₹1,056.84 crore in Q2 FY25.
On a standalone basis, profits plummeted by 85% to ₹46.35 crore, compared to ₹316.84 crore in the same period last year.
Ashish Kehair, Managing Director & CEO of Nuvama Group, noted that the wealth management segment continues to attract strong new flows. He stated, “In asset management, we secured in-principle approval to set up a mutual fund, which will enable us to launch structured investment funds (SIFs); in asset services, we continue to see year-on-year growth led by higher engagement with existing and new clients; and in capital markets, while secondary volumes remain under some pressure, the primary and fixed income revenue streams continue to perform well. Overall, cross-business collaboration continues to amplify client value and enterprise growth.”
The board of directors approved an interim dividend of ₹70 per share with a face value of ₹10 for the fiscal year 2025-26, with a record date set for November 11, 2025. Additionally, the board announced a subdivision of equity shares in a 1:5 ratio.
Furthermore, an investment of ₹200 crore was approved for the subscription of a rights issue from Nuvama Wealth Finance Ltd, a wholly-owned material subsidiary.
Nuvama’s stock closed flat at ₹7,153.40 on the Bombay Stock Exchange on Tuesday. The market will be closed on Wednesday in observance of Guru Nanak Jayanti.
Published on November 5, 2025.
