Nuvama Wealth Management Limited announced its Q2 FY26 results on November 4, 2025.

Key Financial Metrics (Consolidated):

  • Revenue from operations: Rs. 1,134.71 crore in Q2 FY26, up 7.7% YoY (Rs. 1,053.10 crore in Q2 FY25) and 1.1% QoQ (Rs. 1,122.65 crore in Q1 FY26).
  • Total income: Rs. 1,137.93 crore in Q2 FY26.
  • EBITDA (approximated as Profit before share of associate/JV and tax plus depreciation and amortisation): Rs. 360.02 crore (Q2 FY26).
  • EBITDA margin: ~31.7% (based on total revenue).
  • Net profit: Rs. 253.98 crore in Q2 FY26, down 1.3% YoY (Rs. 257.31 crore) and down 3.7% QoQ (Rs. 263.87 crore).
  • Net profit margin: ~22.4%.
  • Basic EPS: Rs. 70.54 for Q2 FY26.

Balance Sheet Highlights:

  • Segment assets as of September 30, 2025: Rs. 24,256.20 crore.
  • Segment liabilities: Rs. 20,463.77 crore.
  • Capital expenditure for H1 FY26: Rs. 4.16 crore (down from Rs. 11.66 crore in H1 FY25).
  • Approved Rs. 200 crore investment in Rights Issue of wholly owned subsidiary Nuvama Wealth Finance Limited.

Segment Performance (Q2 FY26 Revenue and PBT):

  • Wealth Management: Rs. 688.18 crore revenue; Rs. 145.99 crore PBT.
  • Capital Markets: Rs. 439.08 crore revenue; Rs. 194.44 crore PBT.
  • Asset Management: Rs. 35.08 crore revenue; loss before tax of Rs. 5.27 crore.

Management Commentary:

  • Legal uncertainties persist regarding subsidiary Nuvama Clearing Services Limited’s collateral liquidation disputes; management and auditors see no need for financial adjustments.
  • Economic Offence Wing investigations ongoing; assets worth ~Rs. 460 crore pledged unencumbered by NCSL.
  • Interim dividend of Rs. 70 per equity share declared for H1 FY26 (record date Nov 11, 2025).
  • Board approved share split from Rs. 10 to Rs. 2 face value per share, subject to member approval.

Other Developments:

  • No changes in accounting policies.
  • Tax survey under Section 133A conducted; no further updates.
  • Consolidated results include 12 subsidiaries, 1 associate, and 1 joint venture.

Outlook:

  • No explicit forward guidance provided in the announcement.

Full Result Extract | Original Filing