Nuvama Q3 sees modest growth; net profit, revenue rise 4%

Nuvama Group reported a modest improvement in its consolidated performance for the quarter ended Q3FY26 and the nine-month period ended FY26, according to its financial data.

For Q3FY26, consolidated revenue rose 4% year-on-year to ₹755 crore from ₹723 crore last year, while costs also increased 4% to ₹404 crore from ₹389 crore. Operating profit before tax grew 5% to ₹351 crore from ₹333 crore, and operating profit after tax increased 4% to ₹262 crore from ₹252 crore in the year-ago quarter.

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Profit after tax for the quarter stood at ₹254 crore, up 1% year-on-year, compared with ₹252 crore in the corresponding quarter last year. Exceptional items (net of taxes) amounted to ₹8 crore in Q3 FY26, against nil a year earlier.

For the nine-month period ended FY26, revenue rose 8% year-on-year to ₹2,297 crore from ₹2,130 crore, while costs increased 9% to ₹1,262 crore from ₹1,155 crore. Operating profit before tax grew 6% to ₹1,035 crore from ₹975 crore, and operating profit after tax rose 7% to ₹780 crore from ₹731 crore.

Profit after tax for the nine-month period stood at ₹772 crore, marking a 6% increase from ₹731 crore in 9MFY25, with exceptional items of ₹8 crore recorded during the period.

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Nuvama Wealth Management Ltd shares fell 2.28%, ₹31.60, and closed to ₹1,351.70 on the NSE today, January 23.