Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Nuvama Wealth Management Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 613 | 648 | 735 | 841 | 929 | 949 | 1,053 | 1,034 | 1,120 | 1,123 | 1,135 | 1,104 | 1,269 |
| Expenses + | 378 | 357 | 375 | 396 | 464 | 457 | 488 | 453 | 545 | 511 | 541 | 497 | 641 |
| Operating Profit | 235 | 290 | 360 | 445 | 465 | 493 | 565 | 582 | 575 | 612 | 593 | 607 | 629 |
| OPM % | 38% | 45% | 49% | 53% | 50% | 52% | 54% | 56% | 51% | 54% | 52% | 55% | 50% |
| Other Income + | 7 | 4 | 3 | 2 | 0 | 7 | 4 | 1 | 9 | 3 | 8 | 2 | 20 |
| Interest | 99 | 119 | 147 | 171 | 183 | 183 | 200 | 225 | 215 | 240 | 237 | 242 | 258 |
| Depreciation | 31 | 22 | 24 | 45 | 45 | 20 | 21 | 24 | 29 | 24 | 25 | 27 | 36 |
| Profit before tax | 112 | 153 | 191 | 231 | 237 | 297 | 347 | 334 | 340 | 351 | 339 | 340 | 355 |
| Tax % | 24% | 19% | 24% | 24% | 24% | 26% | 26% | 25% | 25% | 25% | 25% | 25% | 24% |
| Net Profit + | 85 | 123 | 145 | 176 | 181 | 221 | 257 | 252 | 255 | 264 | 254 | 254 | 269 |
| EPS in Rs | 7.02 | 8.28 | 10.01 | 10.24 | 12.49 | 14.43 | 14.05 | 14.20 | 14.66 | 14.09 | 13.96 | 14.79 |
Financials of Nuvama Wealth Management Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 780 | 1,384 | 1,778 | 2,223 | 3,156 | 4,162 | 4,631 |
| Expenses + | 281 | 939 | 1,132 | 1,340 | 1,591 | 1,942 | 2,189 |
| Operating Profit | 499 | 444 | 646 | 883 | 1,565 | 2,220 | 2,441 |
| OPM % | 64% | 32% | 36% | 40% | 50% | 53% | 53% |
| Other Income + | 76 | -565 | 638 | 8 | 3 | 14 | 33 |
| Interest | 200 | 246 | 278 | 396 | 620 | 822 | 977 |
| Depreciation | 15 | 50 | 71 | 89 | 136 | 94 | 113 |
| Profit before tax | 360 | -417 | 935 | 406 | 812 | 1,318 | 1,385 |
| Tax % | 21% | 14% | 8% | 25% | 23% | 25% | 25% |
| Net Profit + | 286 | -475 | 857 | 305 | 625 | 985 | 1,040 |
| EPS in Rs | 35.43 | 54.82 | 57.19 | ||||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 53% | 24% |
Financials of Nuvama Wealth Management Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 35 | 35 | 35 | 35 | 36 | 36 |
| Reserves | 1,056 | 1,592 | 1,896 | 2,219 | 2,859 | 3,454 | 4,085 |
| Borrowings + | 1,287 | 1,428 | 3,549 | 5,413 | 6,746 | 7,839 | 11,544 |
| Other Liabilities + | 2,841 | 4,397 | 5,119 | 5,048 | 10,747 | 17,059 | 18,827 |
| Total Liabilities | 5,211 | 7,451 | 10,598 | 12,716 | 20,387 | 28,388 | 34,491 |
| Fixed Assets + | 108 | 162 | 219 | 284 | 290 | 312 | 289 |
| CWIP | 4 | 22 | 18 | 25 | 8 | 5 | 0 |
| Investments | 665 | 25 | 70 | 170 | 170 | 221 | 358 |
| Other Assets + | 4,434 | 7,242 | 10,292 | 12,237 | 19,920 | 27,850 | 33,844 |
| Total Assets | 5,211 | 7,451 | 10,598 | 12,716 | 20,387 | 28,388 | 34,491 |
Financials of Nuvama Wealth Management Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -500 | -1,108 | -1,425 | -1,865 | -1,658 | -371 | -3,014 |
| Cash from Investing Activity + | -112 | -124 | -81 | -173 | -79 | -63 | -128 |
| Cash from Financing Activity + | 235 | 877 | 2,139 | 1,825 | 1,316 | 601 | 3,181 |
| Net Cash Flow | -376 | -354 | 633 | -212 | -422 | 166 | 40 |
| Free Cash Flow | -516 | -1,127 | -1,475 | -1,942 | -1,739 | -403 | -3,041 |
| CFO/OP | -99% | -240% | -210% | -203% | -93% | -2% | -110% |
Financials of Nuvama Wealth Management Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 163 | 72 | 183 | 146 | 74 | 66 | 79 |
| Inventory Days | 1,378 | ||||||
| Days Payable | 748 | ||||||
| Cash Conversion Cycle | 793 | 72 | 183 | 146 | 74 | 66 | 79 |
| Working Capital Days | -912 | -860 | -503 | -277 | -966 | -1,234 | -1,148 |
| ROCE % | 17% | 14% | 12% | 17% | 20% | 17% |