Nuvama Wealth Management Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Nuvama Wealth Management reported audited standalone revenue of Rs. 1,185.95 crore for FY2026, down from Rs. 1,357.24 crore in FY2025, representing an 12.6% revenue decline. However, standalone net profit after tax decreased to Rs. 567.23 crore from Rs. 597.71 crore, while net profit margin improved to 47.10% from 44.04%. On a consolidated basis, the company reported PAT of Rs. 1,040.26 crore, up from Rs. 985.06 crore, showing growth. The consolidated debt-equity ratio increased to 2.80 from 2.24, indicating higher leverage. The board declared an interim dividend of Rs. 14 per share for FY 2026-27. Statutory auditors S.R. Batliboi & Co. LLP issued an unmodified (clean) opinion on both consolidated and standalone financials. The company also completed a stock split (Rs. 10 to Rs. 2 face value) in December 2025, with EPS figures restated accordingly.
Revenue decline on standalone basis is a concern, but improved profit margins and strong consolidated PAT growth indicate operational efficiency gains. The significantly higher debt-equity ratio of 2.80 on consolidated basis warrants monitoring for financial risk. The clean audit opinion and dividend declaration are positive signals for shareholder confidence.