Nuvama Wealth Q1 Results: Profit grows 19% to Rs 264 crore
on Thursday said its
consolidated profit after tax
(PAT) rose 19 per cent to Rs 264 crore in the April-June period of the current fiscal.
Revenues during the first quarter of FY26 grew 15 per cent to Rs 770 crore, Nuvama said in a statement.
Revenues from the Wealth Management vertical increased 18 per cent to Rs 377 crore in the June quarter, while closing AUM (
asset under management
) climbed 54 per cent to Rs 11,810 crore as at the end of Q1 FY26.
"We remain confident in our differentiated value proposition,
positioning
us well to capture client interest and deliver sustainable, long-term growth," Ashish Kehair, MD & CEO of Nuvama Group, said.
Shares of Nuvama Wealth Management closed at Rs 6,966.10 apiece, up 0.55 per cent over the previous close on the BSE.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Tamil Nadu sanctions record payout of Rs 1,137 crore to settle transport staff dues
CHENNAI: In the largest one-time sanction for the transport sector in recent years, the Tamil Nadu govt on Monday released Rs 1,137.97 crore to settle long-pending terminal benefits of retired, voluntarily retired and deceased employees of all State Transport Undertakings (STUs). According to the order, the sanctioned sum will be distributed across the eight transport corporations including Metropolitan Transport Corporation (Rs 157.81 crore), and State Express Transport Corporation (Rs 54.41 crore). The sanction covers dues accumulated between July 2023 and April 2024. The transport department had originally sought Rs 2,450.83 crore to clear dues up to Jan 2025, but the govt has now advanced a significant portion to relieve the financial burden on former employees and their families. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Gold Rates Today in Chennai | Silver Rates Today in Chennai Welcoming the move, K Anbazhagan, general secretary of Tamil Nadu Transport Workers' (Stop-Corruption) Federation, said many retired staff have been waiting for more than two years to get their PF and gratuity. 'Since the retirement age was raised to 60, several faced mounting medical bills, and some even passed away before receiving their dues. This sanction will now make a big difference, helping families cover healthcare costs, marriages or loan repayments'. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo He pointed out that those with around two decades of service could expect Rs25-Rs30 lakh each through this release. 'In the past, such dues were settled in smaller tranches of Rs150-Rs200 crore. This time, the govt has sanctioned the amount in one go, which is a major relief. We hope that pending benefits for serving employees — including nearly 14 months of DA and nine months of arrears from the 2023 pay revision — are cleared soon,' he said. Transport secretary Shunchonngam Jatak Chiru has directed managing directors of all STUs to disburse the sanctioned sums quickly and submit compliance details in a week, warning that deviations will be viewed seriously. The disbursal, officials noted, comes with strict monitoring provisions under the Tamil Nadu Financial Code and will be overseen by the transport department in coordination with the finance department. The govt clarified that (Rs1,137.97) funds will be drawn as a ways and means advance and later regularised in the Revised Estimate/Final Modified Appropriation for 2025-26, with the expenditure to be included in the Supplementary Estimates. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
34 minutes ago
- Time of India
Alumnus donates 30,000 sq ft land worth more than Rs 1crore to TN govt school
Govintharaju Ponnusamy THANJAVUR: An NRI octogenarian alumnus of a govt higher secondary school in a village near Thanjavur has donated 30,000 sqft of his land worth more than Rs 1crore for the expansion of the school, where he studied from 1948 to 1953. The donor, Govintharaju Ponnusamy, 83, is a native of Thirumangalakottai in Orathanadu block of Thanjavur district and is a citizen of Singapore. He studied at the Govt Primary School in Keelaiyur in Thirumangalakottai. 'Though I didn't study beyond Class VI, I wanted to contribute to education. I wanted the children in my village to study well,' said Govintharaju, who contributes to various charities. After his primary education, Govintharaju moved to Singapore in the erstwhile Integrated Malaysia to join his father in his spice business. He settled there with his family and received Singapore citizenship after its independence. After experiencing prosperity in business for decades, Govintharaju visited his hometown a few years ago and got to know about his school, which is now a higher secondary institution. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Gold Rates Today in Chennai | Silver Rates Today in Chennai There are 213 students, including 85 boys and 128 girls, studying in the school. Around 21 staff teach at the school. The school has eight classrooms, three labs and a headmaster's room. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo 'I realised the school needed a playground. It could also have more classrooms if they have more land. As my family's agrarian land was adjacent, we donated it to them,' Govintharaju said. On Aug 8, Govintharaju registered the land in the name of the chief educational officer of the district and presented the documents to the staff of the school and parents of students during Independence Day celebrations. S Valarmathi, the school headmistress, expressed her gratitude to Govindtharaju. She said, 'Our students are performing well academically. The land donation can improve their educational standards and aid their skills in sports.' The parents of students and villagers lauded their village elder and his family for their generosity. Thiyaga Ilango, president of the school parents-teachers' association, said, 'Land donation of such a scale is commendable. We are confident that our children will immensely benefit from it.' Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
an hour ago
- Time of India
Once a major tourist draw, Bird Park sees dip in visitors & revenue
Chandigarh: Conceptualised and built with the aim of boosting tourism in Chandigarh, the Bird Park located in the city's lush green northern fringe is seeing a gradual dip in tourist flow. Tired of too many ads? go ad free now It was brought to life not so long ago in Nov 2021 by the Chandigarh administration. The UT administration had left no stone unturned to woo visitors, equipping the park with the necessary facilities and other attractions. No wonder, it turned out to be a popular tourist draw then. A senior UT official said, "Earlier, a large number of visitors from Chandigarh Tricity used to visit the park. But later their number dwindled, and tourists from outside the Tricity started thronging the park. Though the park still gets visitors, and the craze is still there, it's not like what it was when it first opened." Records available with the Chandigarh administration show that from its inception till March 2023, a total of 5,16,860 visitors visited the Bird Park. However, there was a dip in tourist flow after that. In 2023-2024 financial year, the park saw 4,08,846 visitors. The number went down further in 2024-2025FY, with a total of 329,332 visitors. Naturally, revenue also saw a dip with every passing year. But it wasn't as much compared to the decline in the number of visitors. UT records show that from Nov 2021 till March 2023, the park authority earned a revenue of Rs 2.73 crore, while it came down to 2.63 crore in 2023-2024FY. The revenue went down further in 2024-2025FY, with the Chandigarh administration collecting Rs 2.60 crore during the period. So, from Nov 2021 till the end of the last financial year (March 2025), the authority earned over Rs 7.98 crore from the Bird Park. Tired of too many ads? go ad free now Over 12.55 lakh visitors visited the park during the period. Students, who visit the Bird Park from time to time as part of their school trips, are also among them. The enclosures inside the Bird Park have been designed in such a way that the birds, apart from taking flight and nesting in the natural habitat, can stay at the aviary while visitors can walk past them. The structures enclose thousands of plants of varying canopies, which provide an ideal habitat, food, and shelter for the birds that can fly freely and breed.
