Nuvama Wealth Management Reports Strong Q4 Results with Record Operating Profit and Sales Growth
Nuvama Wealth Management reported strong financial results for the quarter ending December 2024, achieving its highest operating profit in five quarters at Rs 579.24 crore. The company also noted significant year-on-year growth in net sales and improvements in profit margins, reflecting enhanced operational efficiency.
Nuvama Wealth Management has recently reported its financial results for the quarter ending December 2024, showcasing a range of positive developments. The company achieved its highest operating profit (PBDIT) in the last five quarters, reaching Rs 579.24 crore, indicating a consistent upward trend in this metric over recent periods. Additionally, net sales for the half-year stood at Rs 2,083.17 crore, reflecting a year-on-year growth of 32.19%, further supporting the positive sales trajectory.The operating profit margin also reached a notable high of 56.14% in the last five quarters, suggesting enhanced operational efficiency. Furthermore, profit before tax (PBT) was reported at Rs 330.91 crore, marking a growth of 20.3% compared to the average PBT of the previous four quarters. Similarly, profit after tax (PAT) amounted to Rs 252.10 crore, which is a 20.7% increase over the average PAT from the prior four quarters.
In light of these developments, Nuvama Wealth Management has experienced an adjustment in its evaluation, with its score reflecting recent changes.
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