Nuvama Wealth Management Reports Strong Financial Performance in Q4 2023

Nuvama Wealth Management, a midcap finance company, has recently announced its financial results for the quarter ending December 2023. The company has shown a very positive performance, with a significant improvement in its financial score from -3 to 26 in the last three months.

One of the key highlights of Nuvama Wealth's financials is its net sales, which have been consistently growing each quarter in the last five quarters. In the near term, the sales trend is very positive, with the company reporting its highest net sales of Rs 840.64 crore in the quarter ending December 2023.

Another positive aspect of Nuvama Wealth's financials is its profit before tax less other income (PBT), which has grown by 65.4% over the average PBT of the previous four quarters. The near term trend for PBT is also very positive, indicating the company's strong financial performance.

Similarly, the company's profit after tax (PAT) has also shown a significant growth of 59.9% over the average PAT of the previous four quarters. The near term trend for PAT is positive, further highlighting Nuvama Wealth's strong financial performance.

Nuvama Wealth's operating profit (PBDIT) has also been consistently growing, with the highest reported figure of Rs 444.55 crore in the last five quarters. The company's operating profit margin has also improved, reaching its highest at 52.88% in the last five quarters, indicating an increase in efficiency.

Overall, Nuvama Wealth's financials for the quarter ending December 2023 have been very positive, with the company showing growth in key areas such as net sales, PBT, PAT, and operating profit. This has resulted in the company's highest earnings per share (EPS) of Rs 50.28 in the last five quarters, showcasing its increasing profitability and creating higher earnings for shareholders. Based on these financials, MarketsMOJO has given a 'Hold' call for Nuvama Wealth's stock.