Nuvama Wealth Management Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Nuvama Wealth Management reported consolidated Q1 FY26 results with total revenue from operations of Rs 1,122.65 crore, up about 18% from Rs 951 crore in Q1 FY25. Net profit rose to Rs 263.87 crore from Rs 220.77 crore, a growth of roughly 19.5% year-on-year, with basic EPS at Rs 73.36 versus Rs 62.51. The Board also approved incorporation of wholly owned subsidiaries in India and the UAE and an amendment to the insider trading fair disclosure code. The auditor (S.R. Batliboi & Co. LLP) issued an unmodified limited review report but flagged an emphasis of matter regarding pending Supreme Court appeals by its subsidiary NCSL in cases involving Anugrah Stock & Broking (around Rs 460 crore) and V-Rise Securities (around Rs 22 crore). The capital markets business was the largest segment profit contributor at Rs 227.38 crore, followed by wealth management at Rs 118.34 crore.
Strong double-digit profit growth and a healthy net profit margin of about 23.5% are positive for the stock, but the unresolved NCSL legal exposure worth roughly Rs 460 crore remains a key overhang worth monitoring for shareholders.