Financials
Figures converted from INR to USD at historical FX rates (frankfurter.app). Monetary statements are shown in US$ millions; per-share figures use the matching period rate. Filing links open the native figures from which each USD value was derived.
As-reported financial statements for Nuvama Wealth Management Limited, FY2022–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked USD figure opens the exact filing row containing the native reported value from which it was converted. Amounts in US$ millions unless noted.
Share Price — Full Available History — 3 Years
The stock closed at $20.27 on Jul 09, 2026 — down 28% over the window shown (-11.5% a year), trading between $12.31 and $96.80. At that close the stock trades at 6.8× FY2025 diluted EPS as reported below.
Source: market price feed, weekly closes, sampled from 680 source observations, Oct 2023–Jul 2026. Price return only, excludes dividends. Prices converted from INR to USD with date-matched or nearest-available FX.
FY2025 at a Glance
Revenue (US$ millions)
Net income (US$ millions)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Business Segment
| Revenue by Business Segment | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Wealth management business | 154 | 205 | 225 | 255 |
| Asset management business | 3 | 6 | 11 | 14 |
| Capital market business | 83 | 84 | 158 | 230 |
| Unallocated | 0 | 2 | 1 | 48 |
| Total segment revenue | 240 | 297 | 394 | 546 |
| Inter-segment eliminations | (24) | (29) | (26) | (82) |
| Total revenue (incl. other income) | 216 | 268 | 369 | 464 |
| Total revenue (incl. other income) growth, derived | — | +24.0% | +37.6% | +25.8% |
Source: Note 43/46 Segment Reporting — segment revenue (gross, before inter-segment eliminations) [5] [6] [7]. Click any linked figure to open the filing page with the row highlighted.
Segment Profit / (Loss) Before Tax
| Segment Profit / (Loss) Before Tax | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Wealth management business | 19 | 36 | 42 | 47 |
| Asset management business | (2) | (1) | (1) | (1) |
| Capital market business | 20 | 15 | 58 | 100 |
| Unallocated | 0 | 0 | (5) | 47 |
| Total segment result | 37 | 50 | 94 | 193 |
Source: Note 43/46 Segment Reporting — segment result before taxation [5] [6] [7]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
| Income Statement | FY2022 | FY2023 | FY2024 | FY2025 | FY2026E | FY2027E |
|---|---|---|---|---|---|---|
| Interest income | 62 | 79 | 130 | 191 | — | — |
| Fee and commission income | 128 | 159 | 202 | 238 | — | — |
| Net gain on fair value changes | 25 | 28 | 30 | 33 | — | — |
| Total revenue from operations | 215 | 266 | 368 | 463 | 380 | 441 |
| Other income | 1 | 2 | 1 | 1 | — | — |
| Total income | 216 | 268 | 369 | 464 | — | — |
| Finance costs | 34 | 48 | 72 | 91 | — | — |
| Employee benefits expense | 73 | 88 | 104 | 130 | — | — |
| Total expenses | 179 | 219 | 274 | 318 | — | — |
| Profit before tax | 113 | 49 | 95 | 147 | — | — |
| Profit for the year | 104 | 37 | 73 | 110 | — | — |
| Profit attributable to owners of the Company | 104 | 37 | 73 | 110 | — | — |
| Basic earnings per share (Rs.) | 6.04 | 1.11 | 2.08 | 3.08 | — | — |
| Diluted earnings per share (Rs.) | 2.96 | 1.11 | 2.03 | 2.99 | 0.71 | 0.84 |
| Total revenue from operations growth, derived | — | +24.1% | +38.3% | +25.8% | -17.9% | +16.1% |
Source: Consolidated Statement of Profit and Loss (Ind AS) [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-10. Forecasts carry no filing page links.
Balance Sheet
| Balance Sheet | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Cash and cash equivalents | 121 | 95 | 43 | 59 |
| Bank balances other than cash and cash equivalents | 454 | 546 | 1,430 | 2,193 |
| Securities held for trading | 108 | 157 | 86 | 160 |
| Trade receivables | 108 | 107 | 77 | 83 |
| Loans | 357 | 427 | 568 | 512 |
| Total assets | 1,282 | 1,528 | 2,381 | 3,160 |
| Trade payables (creditors other than micro small enterprises) | 198 | 210 | 427 | 671 |
| Debt securities | 388 | 560 | 657 | 749 |
| Borrowings (other than debt securities) | 40 | 89 | 131 | 123 |
| Total liabilities | 1,051 | 1,257 | 2,043 | 2,771 |
| Total equity | 231 | 272 | 339 | 389 |
Source: Consolidated Balance Sheet (Ind AS) [8] [9] [10]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
| Cash Flow | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Profit before tax | 113 | 49 | 95 | 147 |
| Net cash used in operating activities | (172) | (224) | (194) | (41) |
| Purchase of property, plant, equipment and intangibles | (6) | (9) | (9) | (4) |
| Net cash generated from financing activities | 259 | 219 | 154 | 67 |
| Dividend paid on equity shares | — | — | — | (57) |
| Net increase / (decrease) in cash and cash equivalents | 77 | (26) | (49) | 18 |
| Free cash flow, derived | (179) | (234) | (203) | (45) |
Source: Consolidated Statement of Cash Flows (Ind AS) [11] [12] [13] [14]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total income | Profit before tax | Profit for the year | Diluted earnings per share (Rs.) | Net cash used in operating activities | Total equity |
|---|---|---|---|---|---|---|
| FY2022 | 216 | 113 | 104 | 2.96 | (172) | 231 |
| FY2023 | 268 | 49 | 37 | 1.11 | (224) | 272 |
| FY2024 | 369 | 95 | 73 | 2.03 | (194) | 339 |
| FY2025 | 464 | 147 | 110 | 2.99 | (41) | 389 |
Source: consolidated statements across filings; older years from the standardized feed [12] [1] [8] [14]. Click any linked figure to open the filing page with the row highlighted.
Traceability
181 of 193 figures on this page (94%) link to the filing page containing the native reported figure from which the USD value was converted — click a linked figure to open that source row. Unlinked figures come from standardized data feeds or pre-filing years.
Consolidated figures are presented in Indian rupees in million exactly as printed in each annual report; display unit is ₹ millions.
Fiscal year ends March 31 (e.g. FY2025 = year ended March 31, 2025). Nuvama was formerly Edelweiss Securities Limited (renamed 2022; listed 2023).
FY2022 is the comparative column of the FY2023 annual report. FY2022 profit before tax (₹9,351.09m) and net profit (₹8,573.93m) include exceptional gains of ₹6,316.32m (reversal of provisions on investments in associate/subsidiary) and are not comparable to operating years.
FY2022 EPS (basic ₹499.18 / diluted ₹244.60, from continuing operations) reflects a much smaller pre-listing share count plus the exceptional gains; not comparable to later years.
Minor restatements exist between an annual report's own column and the following year's comparative column (e.g. FY2024 fee commission income 17,336.25 in the FY2024 AR vs 17,384.53 restated in the FY2025 AR). Each year uses figures from its own annual report; comparative-column values in a quote may differ slightly.
Operating cash flow is negative in every year shown — characteristic of the broking/NBFC model (growth in client bank balances, loans and trading securities), funded largely by financing inflows.
Revenue-by-segment 'Total revenue' reconciles to Total Income (including other income) after inter-segment eliminations, per the segment note.
3 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's financials/financials_tab.json for the audit trail).