Nuvama Wealth Management Limited — Important, 25-10-2024: Updates

Nuvama Wealth Management Limited reported a strong financial performance for H1 FY25, with revenues of ₹1,407 Cr (up 55% YoY) and operating PAT doubling to ₹479 Cr. Client assets surpassed ₹4 trillion, driven by significant gains in wealth and asset management. The company declared an interim dividend of ₹63 per share. The growth was supported by a 98% YoY rise in capital markets revenue, showcasing robust market activity and improved market share.