Nuvama announces 1:5 stock split, interim dividend of Rs 70 per share

Nuvama Wealth Management on Tuesday announced a 1:5 stock split and an interim dividend of Rs 70 per equity share for the financial year 2025-26. The company has set November 11 as the record date for the interim dividend, while it will announce the record date for the share split at a later date.The interim dividend will be paid on or before December 3, 2025, the company’s filing with the stock exchanges said.

In the stock split, each fully paid equity share of the company having a face value of Rs 10 per share will be subdivided into 5 shares of a face value of Rs 2 per fully paid equity share.The announcements were made after market hours along with the company’s second-quarter earnings, with the asset manager reporting a 1.4% decline.

in the September quarter, consolidated net profit stood at Rs 254 crore, compared to Rs 258 crore posted in the same period last year. Operating profit declined 3.7% on a sequential basis from Rs 264 crore in Q1FY26.

Also read: NSE Q2 results: Cons PAT down 33% YoY to Rs 2,098 crore, revenue down 18%

Total revenue from operations in the quarter under review was Rs 1,138 crore, up 7.6% compared to Rs 1,057 crore in the corresponding quarter of the last fiscal. Revenue grew over 1% quarter-on-quarter, versus Rs 1,125 crore in the April-June quarter of FY26.

Segment revenue

— Fees and commission income stood at Rs 564 crore in Q2FY26, compared to Rs 528 crore in Q1FY26 and Rs 554 crore in Q2FY25.

— Interest income stood at Rs 435 crore in Q2FY26, compared to Rs 504 crore in Q1FY26 and Rs 406 crore in Q2FY25.

— Net profit on fair value changes stood at Rs 136 crore in Q2FY26, compared to Rs 90 crore in Q1FY26 and Rs 93 crore in Q2FY25.

Also read: Adani Enterprises Q2 results: Cons profit rises 84% ​​YoY to Rs 3,199 crore despite 6% decline in revenue

Nuvama’s expenses rose to Rs 803 crore in the reported quarter, compared to Rs 775 crore in the quarter ended June and Rs 709 crore in the year-ago period.

Shares of Nuvama today ended the day at Rs 7,170 on the NSE, with a gain of Rs 37 or 0.52%.

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