Nuvama Wealth Management Limited — Important, 13-08-2025: Updates

Nuvama Wealth Management's board has approved its latest quarterly financial results. Consolidated Net Profit hit ₹263.87 Cr on Total Revenue of ₹1,122.65 Cr. Standalone Net Profit rose to ₹221.48 Cr, largely due to ₹210.14 Cr in dividend income.

Expanding its reach, Nuvama plans to incorporate two wholly-owned subsidiaries: Nuvama Trusteeship Company in India for corporate trusteeship, and Nuvama Investment Advisors (UAE) LLC for financial product services in mainland UAE.

The company continues to pursue appeals in the Supreme Court concerning past collateral liquidation matters, with management confident of favorable outcomes.