Nuvama Wealth Management has announced an interim dividend of ₹81.50 per share for the financial year 2024-25. The company board fixed Aug 7, 2024, as a record date for this dividend. On August 7, anyone who holds company shares will be eligible for this dividend. The dividend will be paid on or before August 24, 2024.
Key Details of the Dividend:
- Dividend Amount: ₹81.50 per share
- Record Date: August 7, 2024
- Payment Date: On or before August 24, 2024
Nuvama Wealth Management announced its first dividend after listing in the share market. This company was listed in the share market last year.
Financial Conditions of Nuvama Wealth
Nuvama Wealth Management reported a marked year-over-year increase in revenue and profit. For Q1 FY25, the company saw a 46.58% increase in revenue from operations, reaching ₹949.43 crore. Profit before tax (PBT) surged by 94.5% to ₹296.82 crore, compared to ₹152.61 crore in Q1 FY24.
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About Company
Nuvama Wealth Management, formerly known as Edelweiss Broking, is a prominent financial services firm in India. The company offers a wide range of financial solutions, including wealth management, broking services, and investment banking. “Renowned for its technology-driven approach, Nuvama provides clients with efficient financial services.”
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