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Nuvama Wealth Management (BOM:543988) Tax Rate % : 25.92% (As of Sep. 2024)


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What is Nuvama Wealth Management Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Nuvama Wealth Management's Tax Expense for the three months ended in Sep. 2024 was ₹900 Mil. Nuvama Wealth Management's Pre-Tax Income for the three months ended in Sep. 2024 was ₹3,473 Mil. Therefore, Nuvama Wealth Management's Tax Rate % for the quarter that ended in Sep. 2024 was 25.92%.

Nuvama Wealth Management Tax Rate % Historical Data

The historical data trend for Nuvama Wealth Management's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nuvama Wealth Management Tax Rate % Chart

Nuvama Wealth Management Annual Data
Trend Mar23 Mar24
Tax Rate %
24.88 23.05

Nuvama Wealth Management Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only 24.27 23.63 23.83 25.62 25.92

Nuvama Wealth Management Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Nuvama Wealth Management's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2024 )/Pre-Tax Income (A: Mar. 2024 )
=1871.6/8120.02
=23.05 %

Nuvama Wealth Management's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=900.3/3473.4
=25.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuvama Wealth Management Tax Rate % Related Terms

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Nuvama Wealth Management Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuvama Wealth Management Ltd (BOM:543988) » Definitions » Tax Rate %
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Traded in Other Exchanges
NUVAMA:India
Address
G Block, 801- 804, Wing A, Building No. 3, Inspire BKC, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051
Website
https://www.nuvama.com
Nuvama Wealth Management Ltd is an India-based wealth management solution provider with a presence across wealth & investment management, institutional securities, and custodial and advisory services. Its purpose is to help its clients capture opportunities and trends in financial markets and protect them from risks in a volatile world. The company's business segments are; Wealth Management, Asset Management, and Capital Markets. Maximum revenue is generated from its Wealth Management segment which is engaged in the distribution of financial products, Investment advisory, lending against securities, and securities broking for clients.

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