Nuvama Wealth Management Limited has informed the Exchange regarding 'Outcome of the Board Meeting held on May 28, 2025'.
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Nuvama Wealth Management's board, at its May 28, 2025 meeting, approved audited consolidated and standalone results for Q4 and FY25. Consolidated net profit for FY25 jumped nearly 58% to Rs. 985.06 crore (from Rs. 624.84 crore), with basic EPS rising to Rs. 276.66 (from Rs. 177.97). Net worth grew to Rs. 3,493.11 crore, the debt-equity ratio improved to 2.24x, and net profit margin expanded to 23.63% from 19.79%. The board declared an interim dividend of Rs. 69 per share (face value Rs. 10) for FY26, with a record date of June 3, 2025 and payment by June 26, 2025. It also appointed SVVS & Associates as secretarial auditor for five years (FY26–FY30), subject to shareholder approval. Auditors issued an unmodified opinion, though an emphasis-of-matter note flagged a pending Supreme Court appeal by subsidiary Nuvama Clearing Services over a lien on its clearing bank account.
Strong FY25 earnings beat on both growth and profitability metrics, combined with a sizeable Rs. 69/share interim dividend, should be viewed positively by shareholders. The NCSL legal overhang remains a watch item but is currently assessed as a remote liability by management.