Revenue from operations jumped 45.3% YoY to Rs 840.64 crore in Q3 FY24.
Profit before tax soared to Rs 230.68 crore in Q3 FY24 as compared with Rs 111.93 crore posted in corresponding quarter last year.
Revenue from wealth management stood at Rs 305 crore in Q3 FY24, registering the growth of 18% as compared with Rs 259 crore in Q3 FY23.
Client assets was at Rs 2,41,837 crore in Q3 FY24, up 29% YoY.
During the quarter, revenue from asset management increased 29% YoY to Rs 14 crore. AUM stood at Rs 6,573 crore, up 27% YoY of which public markets AUM stood at Rs 1,672 crore, grew by 120% YoY.
Ashish Kehair, MD & CEO of Nuvama Group said, ““The economic growth momentum for India has been strong in 2023 and our integrated platform captured many of the growing opportunitie...
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