Nuvama Wealth Administration Q2 Outcomes: Revenue rises 19% YoY to Rs 304 crore
The corporate had logged a web revenue of Rs 254 crore within the year-ago interval.
Income from operations elevated 20.35 per cent to Rs 1,366 crore in July-September FY27 from Rs 1,135 crore a 12 months in the past, the corporate stated in a regulatory submitting.
Nuvama stated revenues from wealth administration enterprise climbed 14 per cent year-on-year to Rs 501 crore within the second quarter, whereas asset providers recorded 53 per cent leap to Rs 245 crore and income from the capital markets area grew 9 per cent to Rs 175 crore.
“We delivered one other quarter of sturdy efficiency, with Q2 working earnings rising 26 per cent YoY and RoE remaining sturdy at 29 per cent. Wealth Administration continued its observe document of constant compounding with document web flows, Asset Companies sustained sturdy momentum, and Capital Markets delivered a wholesome efficiency regardless of a softer market setting,” stated Ashish Kehair, MD & CEO of Nuvama Group.
The corporate’s consumer property reached Rs 5.5 lakh crore, up 25 per cent year-on-year.
