Nuvama Wealth Management Limited Announces Q3 FY24 Results, Demonstrating Strong Year-over-Year Growth of 66% in Operating PAT
Mumbai, 13th February 2024: Nuvama Wealth Management Limited (NSE, BSE: NUVAMA), one of India’s leading Wealth Management companies, reported its financial results and business performance for the quarter ending 31st December 2023. Nuvama Group: Consolidated Performance Revenues: Q3 FY24 stood at ₹558 Cr, grew by 38% YoY and 9M FY24 at ₹1,467 Cr, grew by 29% YoY. Operating Profit After Tax (PAT): Q3 FY24 stood at ₹176 Cr, grew by 66% YoY and 9M FY24 at ₹416 Cr, grew by 64% YoY. Sustained growth in Wealth and Asset Management, 9M FY24 revenues grew by 18% YoY and profitability grew by 26% YoY. Capital Markets continued to witness exceptional performance in line with macros.Particulars - ₹ Cr Q3 FY24Q3 FY23YoY % 9M FY249M FY23YoY %Revenues 55840438% 1,4671,13629%Costs 32827021% 92280015%Ope...









