1:5 Stock Split, Rs 70 Dividend: Nuvama Wealth Management Announces Major Corporate Action With Q2 Results

Nuvama Wealth Management has announced a 1:5 stock split and a generous interim dividend of Rs 70 per share along with the Q2 FY26 results. The record date for the dividend eligibility has been set as November 11th, while the record date for the stock split will be announced separately.

Nuvama Stock Split Details

Under the approved stock split, each fully paid-up equity share of face value Rs 10 will be subdivided into five equity shares of Rs 2 each. The stock split is expected to improve trading volumes and investor participation in Nuvama Wealth Management shares.

Rs 70 Interim Dividend Announced

Alongside the stock split, the company also declared an interim dividend of Rs 70 per equity share for FY2025-26. To qualify, shareholders must own Nuvama shares before the record date of November 11, as India follows a T+1 settlement cycle. The dividend payment will be made on or before December 3, 2025, after applicable taxes.

Additional Corporate Developments

The board of directors also approved an investment of Rs 200 crore in its subsidiary, Nuvama Wealth Finance, through a rights issue.

Nuvama Q2 FY26 Results

Nuvama Wealth Management announced its Q2 FY26 financial results on November 4th alongside the corporate actions.

The company reported revenue from operations of Rs 1,138 crore, up 7.6% year-on-year compared to Rs 1,057 crore in Q2 FY25.

Sequentially, revenue grew by 1% compared to Rs 1,125 crore in Q1 FY26. However, net profit slipped 1.4% YoY to Rs 254 crore, compared to Rs 258 crore a year ago, and fell 3.7% QoQ from Rs 264 crore in the previous quarter.

Nuvama Share Price Performance

At the close of trading on Tuesday, Nuvama Wealth Management shares settled at Rs 7,148 apiece on the NSE. Over the past five days, the stock has seen a decline of 2.56% because of mild profit-booking after recent gains. However, Nuvama shares have surged 21.68% in the past six months. On a year-to-date (YTD) basis, the stock has gained 2.58%, while over the past five years, it has delivered an impressive 197.48% return, significantly outperforming many peers in the wealth management and financial services space. Analysts expect the stock split and dividend announcement to boost investor sentiment and potentially attract more retail participation in the coming sessions.