Nuvama Wealth Management Reports Outstanding Financial Results for Q2 FY25

Nuvama Wealth Management, a largecap finance company, has recently declared its financial results for the quarter ending September 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating a positive outlook for its stock.

According to the financial report, Nuvama Wealth has shown outstanding performance in the quarter, with a consistent score in the last three months. The company’s net sales for the quarter were the highest at Rs 1,051.35 crore, showing a growth trend in each of the last five quarters. This indicates a very positive sales trend in the near term.

The operating profit (PBDIT) for the quarter was also the highest at Rs 563.54 crore, with a positive trend in the last five quarters. The profit before tax (PBT) less other income was also at its highest at Rs 341.85 crore, showing a very positive trend in the near term. This is a 44.3% growth over the average PBT of the previous four quarters, indicating a strong financial performance.

The company’s profit after tax (PAT) for the quarter was also the highest at Rs 257.64 crore, with a positive trend in the last five quarters. This is a 42.5% growth over the average PAT of the previous four quarters, showing a very positive trend in the near term. The net sales for the quarter have also shown a growth of 21.8% over the average net sales of the previous four quarters, indicating a positive sales trend.

Nuvama Wealth has also shown an improvement in its operating profit margin, with the highest margin of 53.60% in the last five quarters. This indicates an increase in the company’s efficiency. The earnings per share (EPS) for the quarter were also at its highest at Rs 72.13, showing an increasing profitability and creating higher earnings for shareholders.

However, the company’s non-operating income for the quarter was the highest at Rs 5.49 crore in the last five quarters. This may not be sustainable as it comes from non-business activities.

Overall, Nuvama Wealth Management has shown a strong financial performance in the quarter ending September 2024, with positive trends in key areas. This is a promising sign for the company and its investors.