Nuvama Wealth Management reports steady Q2 performance and stock split
market hours1 source ↓written by the desknot a recommendation
- to ₹7
- 3.56%
- to ₹772 crore
- 4% YoY
Nuvama Wealth Management shares rose 3.56% to ₹7,408.20 following a stable Q2 FY26 performance. Revenue from operations increased 4% YoY to ₹772 crore, driven by strong wealth management growth. However, operating profit before tax fell 4% YoY to ₹335 crore, reflecting rising costs and a cost-to-income ratio of 57%.
This performance may enhance investor sentiment as the company also announced a stock split, potentially improving liquidity.
Not investment advice. For informational purposes only.