Nuvama Wealth Management Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Interest and Dividend Income	18,986	17,184	11,153	6,615	5,131	3,911
Total Interest Expense	8,918	7,800	5,838	3,728	2,106	2,088
Net Interest Income	10,067	9,384	5,314	2,887	3,024	1,823
Brokerage Commission	22,146	21,395	17,385	13,230	10,552	7,143
Gain on Sale of Investments (Rev)	-	-	-	-	-	894.39
Other Revenue	3,691	3,003	2,578	2,338	2,076	969.43
Revenue	35,904	33,783	25,277	18,455	15,653	10,830
Revenue Growth (YoY)	10.38%	33.65%	36.97%	17.90%	44.53%	-
Salaries & Employee Benefits	12,241	11,660	8,910	7,287	6,004	5,067
Cost of Services Provided	4,070	3,635	3,139	526.08	297.64	357.25
Other Operating Expenses	4,844	4,343	3,811	5,691	5,582	2,710
Total Operating Expenses	22,298	20,675	17,518	14,472	12,655	8,733
Operating Income	13,606	13,108	7,759	3,983	2,998	2,096
Currency Exchange Gains	3.74	3.74	-11.64	-12.81	-15.18	-50.68
Other Non-Operating Income (Expenses)	48.14	48.14	17.98	37.33	22.87	55.7
EBT Excluding Unusual Items	13,751	13,234	7,787	4,017	3,016	2,555
Impairment of Goodwill	-	-	-	-	-	-433.52
Gain (Loss) on Sale of Investments	-91.06	-91.06	-105.51	-	6,316	-6,367
Other Unusual Items	33.23	33.23	443.9	40.17	18.91	-
Pretax Income	13,700	13,183	8,120	4,061	9,351	-4,244
Income Tax Expense	3,433	3,332	1,872	1,010	779.76	583.56
Earnings From Continuing Ops.	10,267	9,851	6,248	3,051	8,571	-4,828
Earnings From Discontinued Ops.	-	-	-	-	2.6	78.21
Net Income to Company	10,267	9,851	6,248	3,051	8,574	-4,750
Minority Interest in Earnings	5.61	11.11	4.79	0.22	-	-
Net Income	10,273	9,862	6,253	3,051	8,574	-4,750
Net Income to Common	10,273	9,862	6,253	3,051	8,574	-4,750
Net Income Growth	12.70%	57.71%	104.96%	-64.42%	-	-
Shares Outstanding (Basic)	180	178	176	166	86	141
Shares Outstanding (Diluted)	186	184	180	166	175	141
Shares Change (YoY)	1.60%	2.27%	8.37%	-5.44%	24.38%	-
EPS (Basic)	57.02	55.33	35.59	18.41	99.87	-33.72
EPS (Diluted)	55.26	53.71	34.83	18.41	48.93	-33.72
EPS Growth	10.93%	54.21%	89.14%	-62.37%	-	-
Free Cash Flow	-	-4,042	-17,394	-19,438	-14,766	-11,353
Free Cash Flow Per Share	-	-22.01	-96.88	-117.32	-84.28	-80.59
Dividend Per Share	13.800	42.700	-	-	-	-
Operating Margin	37.90%	38.80%	30.70%	21.58%	19.15%	19.36%
Profit Margin	28.61%	29.19%	24.74%	16.53%	54.78%	-43.86%
Free Cash Flow Margin	-	-11.96%	-68.81%	-105.33%	-94.33%	-104.83%
Effective Tax Rate	25.05%	25.28%	23.05%	24.88%	8.34%	-
Revenue as Reported	44,933	41,693	31,577	22,304	17,833	12,980

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.