Nuvama Wealth Management Reports ₹2.52 Billion Q3 Net Profit, Up 21% YoY

Nuvama Wealth Management Ltd. has announced its financial results for the quarter ending December 31, 2024. The company reported a consolidated net profit of ₹176.33 crore, marking a 21.46% increase from ₹145.17 crore in the previous quarter. Total revenue for the quarter stood at ₹783.58 crore, reflecting a 19.21% growth compared to ₹657.30 crore in the prior quarter.

The company's board of directors convened on January 31, 2025, to approve these unaudited financial results. Following the announcement, Nuvama Wealth Management's shares were trading at ₹5,580.65, a 1.52% decrease from the previous close of ₹5,666.65.

Nuvama Wealth Management, formerly known as Edelweiss Wealth Management, has over 25 years of experience in the Indian stock market, serving clients across private equity, real assets, credit, and markets in the Asia Pacific region.