PFA intimation wrt Board Outcome
Awaiting price reaction for this filing.
Nuvama Wealth Management's board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025, along with an unmodified auditor opinion. The board declared an interim dividend of Rs. 69 per equity share (face value Rs. 10) for FY 2025-26, fixing June 3, 2025 as the record date, with payment to be made on or before June 26, 2025. Standalone net profit surged to Rs. 597.71 crore in FY25 from Rs. 98.09 crore in FY24, while standalone total income rose to Rs. 1,357.24 crore from Rs. 653.89 crore. Consolidated net profit grew to Rs. 985.06 crore (from Rs. 624.84 crore) with basic EPS of Rs. 276.66 (from Rs. 177.97). The board also appointed SVVS & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
The robust earnings growth and a generous Rs. 69 per share interim dividend are positive for shareholders; investors buying before the June 3 record date will be eligible for the dividend payout.