NUVAMA2023-07-012023-09-30 NUVAMA2023-07-012023-09-30 NUVAMA2023-07-012023-09-30in-bse-fin:OneOtherRevenueFromOperations01Member NUVAMA2023-07-012023-09-30in-bse-fin:FourOtherRevenueFromOperations01Member NUVAMA2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member NUVAMA2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member NUVAMA2023-09-30 NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue03Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue04Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue03Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue04Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults03Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults04Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults03Member NUVAMA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults04Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets03Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets04Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member NUVAMA2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member NUVAMA2023-09-30 NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member NUVAMA2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member NUVAMA2023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member NUVAMA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member NUVAMA2023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member NUVAMA2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member NUVAMA2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543988 NUVAMA NA Nuvama Wealth Management Limited Equity 2023-04-01 2024-03-31 2023-10-27 2023-10-19 INR Crores Half yearly 2023-10-27 16:45:00 2023-10-27 19:25:00 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Standalone 118400000.00 0.00 0.00 1143100000.00 2100000.00 0.00 0.00 0.00 0.00 1263600000.00 100000.00 1263700000.00 0.00 0.00 0.00 450400000.00 157800000.00 77900000.00 0.00 0.00 0.00 12400000.00 449800000.00 1148300000.00 115400000.00 0.00 115400000.00 6000000.00 -4900000.00 1100000.00 114300000.00 0.00 0.00 0.00 0.00 114300000.00 1900000.00 116200000.00 0.00 0.00 350700000.00 10 3.26 3.24 0.00 0.00 3.26 3.24 0.00 0.00 0.02 Notes: 1. Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) (the 'Company') has prepared standalone financial results (the 'Statement') for the quarter and half year ended September 30, 2023 in accordance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the 'Listing Regulations, 2015') and the Accounting Standards specified under section 133 of the Companies Act, 2013 read with the Companies ('Indian Accounting Standards' / 'IND AS') Rules, 2015 as amended and the relevant provision of the Companies Act, 2013, as applicable. 2. The Standalone financial results of the Company for the quarter and half year ended September 30, 2023 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on October 27, 2023. 3. The above standalone financial results for the quarter and half year ended September 30, 2023 have been subjected to limited review by the statutory auditors of the Company and the auditors have issued an unmodified review report. 4. Earnings per share for the quarters ended September 30, 2023, June 30, 2023, September 30, 2022 and for the half year ended September 30, 2023, September 30, 2022 are not annualised. 5. Nuvama Clearing Services Limited (Formerly known as Edelweiss Custodial Services Limited) (NCSL), a wholly owned subsidiary of the Company, had challenged an order by an investigating agency marking lien on its Clearing Bank account before the 47th Additional Chief Metropolitan Magistrate Court, Mumbai. The Hon’ble Court had set aside the lien order. This was with a condition that the company undertakes to keep assets worth Rs. 460.69 crore unencumbered (including office at Edelweiss House, 12th floor valued at Rs.66.25 crore belonging to Company). The original Misc. Application filed by NCSL before 47th Additional Chief Metropolitan Magistrate’s Court at Esplanade, Mumbai has now been transferred to the City Civil & Sessions Court under M.P.I.D. Act and the matter has been listed for further hearing. NCSL has assessed such liability to be remote and accordingly, as per the Company there is no adjustment required in the standalone financial results of the Company for the quarter and half year ended September 30, 2023. Multi segment 2023-04-01 2023-09-30 Unaudited Standalone 184400000.00 0.00 0.00 1891700000.00 -100000.00 0.00 0.00 0.00 442800000.00 2518800000.00 900000.00 2519700000.00 0.00 0.00 0.00 836300000.00 239800000.00 188500000.00 0.00 0.00 0.00 13300000.00 927600000.00 2205500000.00 314200000.00 0.00 314200000.00 6000000.00 -48000000.00 -42000000.00 356200000.00 0.00 0.00 0.00 0.00 356200000.00 1900000.00 358100000.00 0.00 0.00 350700000.00 10 15703700000.00 10.16 10.09 0.00 0.00 10.16 10.09 0.00 0.00 0.02 Net income pertaining to Demerged Undertaking (refer note 6 below) 0.00 Net income pertaining to Demerged Undertaking (refer note 6 below) 442800000.00 Other expenses 449800000.00 Other expenses 927600000.00 55600000.00 12201700000.00 0.00 1141800000.00 0.00 0.00 13265100000.00 5738000000.00 32402200000.00 0.00 230400000.00 62700000.00 1515700000.00 0.00 8900000.00 0.00 113700000.00 251600000.00 2183000000.00 34585200000.00 350700000.00 16005500000.00 16356200000.00 0.00 28100000.00 12403600000.00 2048200000.00 1957900000.00 0.00 0.00 1062100000.00 17499900000.00 0.00 16600000.00 0.00 712500000.00 729100000.00 34585200000.00 Capital markets business* 1247100000.00 Holding Company Activities 0.00 Unallocated 6700000.00 Wealth management business 9900000.00 Capital markets business* 2499700000.00 Holding Company Activities 0.00 Unallocated 8700000.00 Wealth management business 11300000.00 1263700000.00 2519700000.00 1263700000.00 2519700000.00 Capital markets business* 240000000.00 Holding Company Activities 0.00 Unallocated -35700000.00 Wealth management business -88900000.00 Capital markets business* 691800000.00 Holding Company Activities 0.00 Unallocated -168300000.00 Wealth management business -209300000.00 115400000.00 314200000.00 115400000.00 314200000.00 Capital markets business* 19395100000.00 Holding Company Activities 14443100000.00 Unallocated 455900000.00 Wealth management business 291100000.00 34585200000.00 Capital markets business* 17281000000.00 Holding Company Activities 632300000.00 Unallocated 56700000.00 Wealth management business 259000000.00 18229000000.00 *Includes Net income pertaining to Demerged Undertaking (including merchant banking business) of Rs. 44.28 crore pursuant to demerger and transfer of said undertaking becoming effective (refer note 6 above). **includes assets and liabilities pertaining to Demerged Undertaking (refer note 6 above). The Company’s business is organised and management reviews the performance based on the business segments as mentioned below: Business Segment The business segment principal activities Wealth management business - Distribution of financial products and Investment advisory . Capital markets business - Institutional broking business, merchant banking business and debt advisory. Holding Company Activities - Income from investment and dividend. Remeasurement loss on defined benefit plans - gratuity 2500000.00 Remeasurement loss on defined benefit plans - gratuity 2500000.00 2500000.00 2500000.00 600000.00 600000.00 1900000.00 1900000.00 210100000.00 0.00 -493200000.00 0.00 -56800000.00 0.00 0.00 -11713000000.00 0.00 0.00 0.00 485800000.00 0.00 283000000.00 13300000.00 0.00 0.00 10497900000.00 0.00 0.00 0.00 0.00 131200000.00 -1200000.00 0.00 32300000.00 0.00 0.00 0.00 -610600000.00 -296400000.00 0.00 0.00 0.00 44300000.00 0.00 -340700000.00 0.00 42500000.00 0.00 15000000.00 0.00 0.00 0.00 0.00 100000.00 175200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -232600000.00 0.00 0.00 0.00 0.00 0.00 0.00 6800000.00 -1103800000.00 1942400000.00 0.00 0.00 104300000.00 0.00 196400000.00 0.00 0.00 544700000.00 -28600000.00 0.00 -28600000.00 84200000.00 55600000.00