Nuvama Wealth Management Limited has informed the Exchange that Board of Directors at its meeting held on May 11, 2026, declared Interim Dividend of Rs. 14 per equity share.
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Nuvama Wealth Management Limited's Board declared an interim dividend of Rs. 14 per equity share (face value Rs. 2 each) for FY 2026-27. The record date is May 15, 2026, and payment will be made on or before June 9, 2026. For FY 2026, standalone net profit declined to Rs. 567.23 crore from Rs. 597.71 crore in the previous year, while consolidated net profit increased to Rs. 1,040.26 crore from Rs. 985.06 crore. Total standalone income fell to Rs. 1,204.31 crore from Rs. 1,357.24 crore. The company also noted it received Rs. 250.17 crore in dividends from subsidiaries post-quarter. Auditors issued an unmodified opinion on the financial results.
The interim dividend declaration signals management confidence in the company's liquidity position. However, the decline in standalone net profit and revenue may create mixed sentiment among investors, while the strong consolidated performance provides a positive outlook.