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Nuvama Wealth Management reports 43% jump in Q3 consolidated net profit

01 Feb 2025 Evaluate

Nuvama Wealth Management has reported results for third quarter ended December 31, 2024 (Q3FY25)

The company has reported over six-fold jump in its Rs 206.86 crore for Q3FY25 as compared to Rs 30.97 crore for the same quarter in the previous year. Total income of the company increased by 106.60% at Rs 385.35 crore for Q3FY25 as compared to Rs 186.52 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 42.89% rise in its net profit at Rs 251.71 crore for the quarter ended December 31, 2024 as compared to Rs 176.16 crore for the same quarter in the previous year. Total income of the company increased by 22.89% at Rs 1034.99 crore for Q3FY25 as compared to Rs 842.20 crore for the corresponding quarter previous year.

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