Nuvama Group Reports Mixed Q2 Results, Announces ₹70 Dividend and 1:5 Stock Split

Nuvama Group announced its financial results for the second quarter of fiscal year 2026, ending September 2025. Consolidated profit was ₹254.13 crore, a slight decrease from ₹257.64 crore last year, while revenue grew 7.7% to ₹1,137.71 crore. Standalone profit dropped 85% to ₹46.35 crore.

Ashish Kehair, MD & CEO, highlighted robust inflows in wealth management, securing in-principle approval to set up a mutual fund to launch SIFs (Securities Investment Funds), continued growth in asset services, and strong performance in primary and fixed income capital markets revenue. Cross-business collaboration was emphasized for growth.

The board approved an interim dividend of ₹70 per share for FY25-26, with a record date of November 11, 2025. It also approved a 1:5 stock sub-division and an investment of ₹200 crore in its wholly-owned subsidiary, Nuvama Wealth Finance Ltd.

**Impact**: This news is significant for investors, offering insight into Nuvama's financial health and strategy. The interim dividend and stock split could boost investor sentiment and stock liquidity. The mixed results, particularly the standalone profit drop, might cause caution, but revenue growth and positive CEO outlook provide support. The subsidiary investment signals strategic strengthening. **Impact Rating**: 6/10

**Difficult Terms Explained:** * **Consolidated Profit**: Total profit of a parent company and all its subsidiaries. * **Revenue from Operations**: Income from the company's main business activities. * **Standalone Basis**: Financial results for the parent company alone, excluding subsidiaries. * **Interim Dividend**: A dividend paid during the financial year, before the final annual dividend. * **Record Date**: Date to determine eligibility for dividends or corporate actions. * **Sub-division of Equity Shares**: Dividing existing shares into more shares, reducing the price per share. (e.g., 1:5 means one old share becomes five new shares). * **Rights Issue**: An offer to existing shareholders to buy more shares, usually at a discount. * **Wholly-owned Material Subsidiary**: A company fully owned by the parent and significant financially. * **SIFs**: Securities Investment Funds, referring to specific fund products the company plans to launch as part of its mutual fund operations. * **Cross-business collaboration**: Working together across different company divisions to achieve common goals.