Q2 profit after tax up 26%; Pickright stake acquisition completed
NUVAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 adjusted profit after tax rose 26% year on year to Rs 319 crore, while reported profit was Rs 304 crore after a Rs 16 crore one-time charge. H1 adjusted profit rose 21% to Rs 625 crore and client assets reached Rs 5.5 trillion. The board approved up to Rs 700 crore of funding for two wholly owned units.
Strong profit and client asset growth supports positive sentiment, but the Rs 700 crore funding plan and Pickright integration add capital and execution risk.