Nuvama Q2 operating profit rises 26% to Rs 319 crore

Nuvama Wealth Management reported a 26 per cent year-on-year (YoY) increase in operating profit after tax to Rs319 crore in Q2 FY27, supported by growth across its wealth management, asset services and capital markets businesses.

Revenue rose 21 per cent to Rs937 crore during the quarter, while costs increased 16 per cent to Rs507 crore. For the first half of FY27, operating profit grew 21 per cent to Rs625 crore, compared with Rs518 crore in the year-ago period.