Mumbai, January 31, 2025 – Nuvama Wealth Management Limited (BSE: 543988, NSE: NUVAMA) has reported its Q3FY25 financial results, showcasing a solid YoY revenue and profit growth. The company has also announced plans to enter the mutual fund business, subject to regulatory approvals.
Key Financial Highlights (Consolidated)
(Figures in ₹ crore)
Particulars
Q3FY25
Q2FY25
Q3FY24
9MFY25
9MFY24
Revenue from Operations
1,031.82
1,051.35
840.64
3,032.60
2,223.61
Net Profit
251.71
257.31
176.16
729.79
444.10
Earnings Per Share (₹) - Basic
70.41
72.54
50.16
205.50
126.67
Revenue increased by 22.7% YoY to ₹1,031.82 crore, driven by strong growth in wealth and capital markets businesses.
Net profit surged 42.9% YoY to ₹251.71 crore, supported by higher interest and commission income.
EPS for 9MFY25 stood at ₹205.50, reflecting robust earnings growth.
Segment Performance
(₹ crore)
Segment
Q3FY25 Revenue
YoY Growth
Q3FY25 Profit Before Tax
Wealth Management
585.69
17.6%
115.76
Asset Management
32.55
50.1%
(3.16)
Capital Markets
485.75
26.8%
220.50
Wealth Management: Continued strong AUM growth and higher fee-based income.
Asset Management: Growth in AUM, but segment reported losses due to investment in new fund strategies.
Capital Markets: Substantial growth due to higher trading volumes and advisory income.
Key Announcements
Mutual Fund Business: The company will apply for SEBI approval to act as a sponsor for Nuvama Mutual Fund, expanding its asset management portfolio.
Legal Proceedings: The company addressed ongoing appeals in the Supreme Court regarding clearing house operations but remains confident of a favorable outcome.
Management Commentary
"We are pleased with the strong financial performance this quarter. Our expansion into the mutual fund industry will complement our existing offerings and enhance long-term value for shareholders," said Ashish Kehair, Managing Director & CEO of Nuvama Wealth Management.
Outlook
Nuvama Wealth Management continues to focus on expanding its wealth and asset management segments, strengthening its advisory services, and leveraging technology to drive operational efficiencies. With the upcoming mutual fund launch, the company aims to tap into India's growing retail investment market.
