Nuvama Wealth Management will hold a meeting of the Board of Directors of the Company on 26 July 2024.Powered by Capital Market - Live News

Nuvama Wealth Management announced the resignation of Navtej S. Nandra (DIN: 02282617), Independent Director on the Board of Directors of the Company. Powered by Capital Market - Live News

Nuvama Wealth Management announced that the 31th Annual General Meeting (AGM) of the company will be held on 5 August 2024.Powered by Capital Market - Live News

Nuvama Group has announced the appointment of Bharat Kalsi as its new Chief Financial Officer and Head of Strategy. With over 24 years of extensive experience spanning finance, tax, investments, M&A, investor relations, corporate strategy and regulatory affairs, Bharat Kalsi brings a wealth of expertise to his new role. He has worked with distinguished groups such as HCL, HSBC, Max, Tata, and the Bajaj group. In his most recent assignment, he served as the CFO and head of Product & CS functions at Bajaj Allianz Life Insurance. Bharat holds an MBA in finance, complemented by additional qualifications of CFA and CPA.Powered by Capital Market - Live News

Net profit of Nuvama Wealth Management rose 111.60% to Rs 180.75 crore in the quarter ended March 2024 as against Rs 85.42 crore during the previous quarter ended March 2023. Sales rose 51.34% to Rs 927.38 crore in the quarter ended March 2024 as against Rs 612.79 crore during the previous quarter ended March 2023.For the full year,net profit rose 104.96% to Rs 625.32 crore in the year ended March 2024 as against Rs 305.09 crore during the previous year ended March 2023. Sales rose 42.27% to Rs 3150.99 crore in the year ended March 2024 as against Rs 2214.72 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales927.38612.79 51 3150.992214.72 42 OPM %49.9838.37 -49.4939.48 - PBDT282.42143.41 97 948.42494.67 92 PBT237.29112.03 112 812.00406.09 100 NP180.7585.42 112 625.32305.09 105 Powered by Capital Market - Live News