Nuvama Wealth Management Limited (NWML) has reported a mixed set of financial results for the second quarter, along with significant corporate actions that could impact shareholders.

Financial Performance

For the quarter ended September 30, NWML reported:

Note: All financial figures are in billion Indian Rupees (Rs) unless otherwise stated.

The company's revenue and EBITDA showed healthy year-over-year growth, with EBITDA margin improving by 123 basis points. However, the consolidated net profit saw a slight decline of 1.60% compared to the same quarter last year.

Corporate Actions

Share Split

The Board of Directors has approved a sub-division of the company's equity shares in a 1:5 ratio. This means that each existing equity share with a face value of Rs 10 will be split into five equity shares with a face value of Rs 2 each. The move aims to enhance the liquidity of the company's shares and encourage broader retail investor participation.

Interim Dividend

NWML has declared an interim dividend of Rs 70 per share. The record date for this dividend has been set as November 11, with the payment expected to be completed by December 3, subject to applicable taxes.

Additional Corporate Developments

1. Rights Issue Investment: The Board has approved an investment of Rs 200 crore towards the subscription of a rights issue by Nuvama Wealth Finance Limited (NWFL), a wholly-owned subsidiary of NWML.

2. Regulatory Compliance: The company has confirmed that the proceeds from unsecured Commercial Papers issued and outstanding as of September 30 are being utilized as per the stated objectives in the offer document.

3. Subsidiary Performance: NWFL, a key subsidiary, reported total revenues of Rs 632.68 crore for the year ended March 31, with a net worth of Rs 900.70 crore as of that date.

Market Impact and Outlook

The announced share split is expected to make NWML's shares more accessible to a broader range of investors, potentially increasing liquidity in the stock. The substantial interim dividend of Rs 70 per share signals management's confidence in the company's financial position and commitment to shareholder returns.

While the slight dip in net profit may raise some concerns, the overall growth in revenue and EBITDA, along with margin improvement, suggests that NWML's core business remains strong. The investment in NWFL's rights issue also indicates the company's focus on strengthening its presence in the non-banking financial services sector.

Investors and market analysts will likely watch closely how these corporate actions impact NWML's stock performance and financial metrics in the coming quarters.

Nuvama Wealth Management Limited has announced a crucial board meeting scheduled for November 4, 2025, where the company will review its quarterly results and discuss a potential share split. This meeting comes as part of the company's regular financial review process and strategic planning initiatives.

Key Agenda Items

The board meeting will address several important matters:

1. Financial Results Review: The board will consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.

2. Interim Dividend: A declaration of interim dividend for the financial year 2025-26 will be considered for the company's equity shareholders.

3. Share Split Proposal: The board will discuss a proposal to alter the company's share capital through a sub-division or split of existing equity shares. Currently, the shares have a face value of ₹10 each, fully paid up.

Earnings Conference Call

Following the board meeting, Nuvama Wealth Management has scheduled an earnings conference call for November 5, 2025, at 12:00 noon (IST). During this call, the management will discuss the company's performance with participants. Mr. Bharat Kalsi, CFO of the Nuvama Group, will address the call.

Trading Window Closure

In compliance with the company's Code for Prohibition of Insider Trading, Nuvama Wealth Management has closed the trading window for Designated Persons and their immediate relatives from October 1, 2025, to November 6, 2025 (both days inclusive).

Investor Information

For those interested in participating in the earnings conference call, the following details have been provided:

Investors and analysts can also contact Rahul Agarwal (+91 9821 438 864) or Abhishek Shah (+91 9930 651 660) from Strategic Growth Advisors Private Limited for more information.

The upcoming board meeting and subsequent earnings call are expected to provide insights into Nuvama Wealth Management's financial performance and strategic direction. Investors and market watchers may be particularly interested in the potential share split, which could impact the stock's liquidity and accessibility in the market.