Nuvama Wealth Management Limited , a leading player in the Indian financial services sector, has reported a resilient performance for the second quarter, despite market volatility and the loss of a large client in its Asset Services business.

Key Financial Highlights

• Revenue: INR 772.00 crores (4% year-over-year growth)
• Profit After Tax (PAT): INR 254.00 crores
• Return on Equity (ROE): 28.00%

Business Segment Performance

Wealth and Private Business

The Wealth and Private businesses led the company's growth, expanding by 26% year-over-year. These segments now contribute 57% of total revenue, up from 47% in the same quarter last year.

Asset Services

Despite the loss of a large client, the Asset Services business has shown resilience:

• Recovered 50% of the revenue lost from the large client departure
• Management expects full recovery of lost revenue by January-February

Lending Business

The company's lending book grew by 40% during the quarter, reflecting a strategic focus on expanding this segment.

Asset Management

• Commercial Real Estate Fund: Reached INR 2,400.00 crores in fundraising towards a target of INR 4,000.00 crores
• Public Markets: Total gross sales were 2.5 times that of Q1

Corporate Actions

1. Interim Dividend: The Board has declared an interim dividend of INR 70.00 per share.
2. Stock Split: Approved a stock split from INR 10.00 to INR 2.00 face value to improve liquidity for retail investors.

Management Outlook

• Maintains guidance for net flows of INR 25,000.00-26,000.00 crores for the fiscal year
• Expects to fully recover the lost Asset Services revenue by early 2026

Market and Regulatory Environment

Management views the Indian economy as steady and resilient, supported by strong domestic demand. They also noted a pragmatic approach from regulators like SEBI and RBI, which is expected to have a positive long-term impact on the wealth management, asset management, and capital markets businesses.

Ashish Kehair, Managing Director and CEO, commented, "Our resilient Q2 performance reflects the strength of our diversified platform. We were able to capture flows across asset classes in our Wealth businesses and saw strong synergies between Wealth and Asset Management."

The company's focus on recurring revenue and managed products in its Wealth and Private segments appears to be yielding results, with these areas showing strong growth and contributing significantly to overall revenue and profitability.

As Nuvama Wealth Management continues to navigate market challenges and capitalize on growth opportunities, investors will be watching closely to see if the company can maintain its momentum and achieve its full-year targets.

Nuvama Wealth Management Limited has successfully completed its 1:5 stock split, with the sub-divided shares now credited to depositories under a new ISIN code. The company informed stock exchanges on December 30, 2025, that the corporate action has been fully implemented following shareholder approval through postal ballot.

Stock Split Implementation Details

The stock split has been executed with confirmation from both major depositories in India:

Voting Process and Approval Timeline

The stock split received shareholder approval through a comprehensive e-voting process:

Corporate Structure Changes

The completed stock split has resulted in significant changes to the company's share structure:

Depository Confirmation Process

Both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) have issued confirmation letters regarding the successful processing of the stock split. The sub-divided shares have been credited under the new ISIN code INE531F01023, replacing the previous ISIN.

Strategic Benefits Realized

The Board of Directors' objectives for the stock split included:

• Enhanced liquidity of company shares in the market
• Increased accessibility for retail investors
• Broader shareholder base through more affordable share prices
• Maintained shareholder rights and proportional ownership

Impact on Existing Shareholders

Shareholders will see their holdings multiplied by five while maintaining the same total investment value. The stock split does not affect existing rights and obligations, with all shareholders receiving proportional increases in their share count. Employee stock option plans have also been adjusted to ensure fair treatment of option holders following the corporate action.