Nuvama Wealth Management Ltd reports Q2 FY27 consolidated net profit of ₹303.48 crore, up 19.5% year on year
- Revenue from operations was ₹1,366.06 crore, up 20.4% year on year and down 0.6% sequentially.
- Operating profit after tax was ₹319 crore, up 26% year on year; results included a one-time ₹16 crore charge for pre-closing its Venture Debt Fund.
- Board approved investments of up to ₹400 crore in Nuvama Wealth Finance Ltd and ₹300 crore in Nuvama Wealth and Investment Ltd.
- Unaudited Q2 and H1 FY27 results received unmodified limited-review reports from auditors.