Nuvama Wealth Management’s board has approved a stock split, dividing each ₹10 share into five shares of ₹2 each, pending shareholder approval. An interim dividend of ₹70 per share was declared. The board also greenlit an investment of ₹200 crore in Nuvama Wealth Finance Limited, a wholly owned subsidiary. These decisions aim to enhance shareholder value and support the subsidiary’s growth.
Stock Split Approved
Nuvama Wealth Management has announced a sub-division/split of its equity shares. Each equity share with a face value of ₹10 will be divided into five equity shares with a face value of ₹2 each. This is subject to member approval. The record date for the split will be announced after the member’s approval is secured.
Interim Dividend Declared
The Board of Directors has declared an interim dividend of ₹70 per equity share with a face value of ₹10 for the financial year 2025-26. The record date for the dividend is November 11, 2025, with payment/dispatch scheduled on or before December 3, 2025, subject to applicable taxes.
Investment in Subsidiary
An investment of ₹200 crore has been approved for subscription to the Rights Issue of Nuvama Wealth Finance Limited (“NWFL”), a wholly owned material subsidiary of the Company. This investment aims to support the financial growth and expansion of NWFL.
Financial Performance Highlights
The Board reviewed and approved the unaudited consolidated and standalone financial results for Q2 FY26, ending September 30, 2025. Key figures from the consolidated results include:
- Total revenue from operations: ₹1,134.71 crore
- Profit before tax: ₹339.23 crore
- Net profit for the period: ₹253.98 crore
Segmental Performance
Key revenue figures across different business segments for Q2 FY26 include:
- Wealth Management: ₹688.18 crore
- Asset Management: ₹35.08 crore
- Capital Markets: ₹439.08 crore
These results reflect a comprehensive financial overview and strategic decisions made by the company to drive growth and shareholder returns.
Source: BSE
