Nuvama Wealth Management Ltd's Q3FY25 Quarterly Results

Result Summary

• Nuvama Wealth Management Ltd reported a 2.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 22.9%.
• Its expenses for the quarter were down by 1.0% QoQ and up 16.3% YoY.
• The net profit decreased 2.2% QoQ and increased 42.9% YoY.
• The earnings per share (EPS) of Nuvama Wealth Management Ltd stood at 68.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Nuvama Wealth Management Ltd is a company engaged in providing wealth management services. The company operates within the financial services industry, offering an array of products and services tailored towards wealth preservation, growth, and management. These may include investment advisory, portfolio management, and other financial planning solutions. However, detailed recent major developments about the company are not provided in the available information. The company’s focus is to cater to the financial needs of its clients by leveraging its expertise in wealth management.

Revenue

In Q3FY25, Nuvama Wealth Management Ltd reported a total income of ₹1034.99 crores. This figure represents a quarter-over-quarter (QoQ) decrease of 2.1% from ₹1056.84 crores in Q2FY25. However, on a year-over-year (YoY) basis, there was a notable increase of 22.9% compared to ₹842.20 crores in Q3FY24. This growth in total income over the year signifies a significant improvement in revenue generation capacity. Despite a slight drop in this quarter compared to the previous one, the overall upward trend over the year is evident.

Profitability

In terms of profitability, Nuvama Wealth Management Ltd recorded a profit before tax of ₹333.50 crores in Q3FY25. This marks a 4.1% decline from the previous quarter's ₹347.70 crores, but a substantial 44.7% increase from ₹230.42 crores in Q3FY24. The tax expense for the quarter was ₹82.37 crores, reflecting an 8.5% decrease from the previous quarter and a 51.1% increase from the same quarter last year. Consequently, the profit after tax stood at ₹251.71 crores, showing a slight QoQ decline of 2.2% but a robust YoY increase of 42.9% compared to ₹176.16 crores in Q3FY24. The earnings per share for the quarter was reported at ₹68.50, representing a 2.8% decrease from the previous quarter yet a 38.7% increase from the previous year.

Operating Metrics

The company managed to control its expenses effectively, with total expenses in Q3FY25 amounting to ₹702.54 crores. This reflects a 1.0% reduction from the previous quarter's ₹709.97 crores and a 16.3% increase from ₹604.23 crores in Q3FY24. This indicates a strategic management of costs in the face of revenue changes. The earnings per share (EPS) in this quarter were ₹68.50, slightly down by 2.8% from ₹70.50 in Q2FY25, yet significantly higher by 38.7% from ₹49.40 in Q3FY24. These metrics underscore the company’s operational efficiency and adaptability in managing its financial resources effectively over the periods specified.