Below are the financial statements of Nuvama Wealth Management, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of INR | 2024 | 2023 |
|---|---|---|
| Revenue from operations | — | — |
| Interest income | 11,143.44a | 6,606.69a |
| Fee and commission income | 17,336.25a | 13,229.53a |
| Dividend income | 9.09a | 8.26a |
| Net gain on fair value changes | 2,578.26a | 2,302.7a |
| Net income pertaining to demerged undertaking | 442.8a | 0a |
| Total revenue from operations | 31,509.84a | 22,147.18a |
| Other income | 67.36a | 156.75a |
| Total income | 31,577.2a | 22,303.93a |
| Expenses | — | — |
| Finance costs | -6,197.5a | -3,964.07a |
| Employee benefits expense | -8,909.6a | -7,287.02a |
| Impairment on financial instruments | -399.77a | -82.44a |
| Depreciation, amortisation and impairment | -1,364.18a | -885.82a |
| Other expenses | -6,607.58a | -6,033.17a |
| Total expenses | -23,478.63a | -18,252.52a |
| Profit before share in profit/(loss) of associate and joint venture and tax | 8,098.57a | 4,051.41a |
| Share in profit of associate | 32.53a | 9.53a |
| Share in profit/(loss) of joint venture | -11.08a | 0a |
| Profit before tax | 8,120.02a | 4,060.94a |
| Tax expenses | — | — |
| Current tax | -2,186.92a | -1,006.82a |
| Deferred tax | -315.32a | -3.43a |
| Profit for the year (A) | 6,248.42a | 3,050.69a |
| Profit/(loss) for the year attributable to | — | — |
| Owners of the company | 6,253.21a | 3,050.91a |
| Non-controlling interest | -4.79a | -0.22a |
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