News Details

( As on 11/05/2026 21:40)

Nuvama Wealth Mgt. Q4 net profit down 30.43% at Rs 19.11 cr

The company reported standalone net profit of Rs 19.11 crore for the quarter ended March 31, 2026 as compared to Rs 27.47 crore in the same period last year, registering a year-on-year decline of 30.43 per cent.

Net revenue of the company declined substantially by 20.94 per cent at Rs 172.14 crore in January-March quarter of this fiscal as against Rs 217.72 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 8.22 per cent to Rs 141.34 crore from Rs 154.00 crore in year ago period.

Other Income grew by 197.77 per cent at Rs 8.01 crore versus (Mar'25 Rs 2.69 crore).

Operating Profit slipped by 51.66 per cent to Rs 30.80 crore as against Rs 63.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.88 per cent in March quarter.

Interest declined by 42.23 per cent y-o-y to Rs 14.83 crore, while Taxation decreased by 88.95 per cent at Rs 1.00 crore (Mar'25 Rs 9.05 crore).