Nuvama Wealth Management Posts Record Q1 FY27 Profit of ₹306 Cr, Client Assets Cross ₹5 Lakh Crore
Nuvama Wealth Management reported a record Q1 FY27 profit of ₹306 crore, a 16% YoY increase, with revenues at ₹909 crore (up 18% YoY). Client assets surpassed ₹5 lakh crore. Wealth Management profits grew 20% YoY, and Asset Services saw 34% YoY revenue growth. The company secured SEBI's mutual fund license approval.
The announcement details record-breaking financial results, significant growth across business verticals, and strategic achievements like securing a mutual fund license. These factors are highly material and are expected to positively influence investor perception and the company's stock performance.
The company reported record profits, significant year-on-year growth in revenues and profits across key segments, and achieved major milestones like client assets crossing ₹5 lakh crore, indicating strong financial performance and positive business momentum.
Nuvama Wealth Management Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported its highest ever quarterly profit of ₹306 crore, marking a 16% year-on-year increase. Total revenues for the quarter stood at ₹909 crore, up 18% year-on-year.
Key business segments demonstrated strong performance. Wealth Management continued its growth trajectory with profits increasing by 20% year-on-year, while Asset Services maintained robust momentum. Capital Markets showed resilience, supported by a diversified platform and strong performance in Fixed Income.
A significant milestone was achieved as client assets crossed ₹5 lakh crore, reflecting increased client trust and franchise strength. The company's CEO, Ashish Kehair, highlighted the strong start to FY27, attributing the performance to the diversified platform, disciplined execution, and client trust. He also noted investments in talent, technology, and client proposition enhancements, with encouraging progress in newer initiatives like offshore wealth and AI-enabled productivity tools.
In Wealth Management, revenues grew by 19% YoY to ₹447 crore, with profits before tax (PBT) at ₹149 crore, up 20% YoY. Client assets in this segment reached ₹3,63,892 crore, a 12% YoY increase. Nuvama Wealth reported revenues of ₹250 crore (up 13% YoY) and PBT of ₹90 crore (up 19% YoY), with managed products and investment solutions (MPIS) showing strong traction. Nuvama Private recorded revenues of ₹198 crore (up 27% YoY) and PBT of ₹59 crore (up 22% YoY).
Asset Management reported management fees of ₹22 crore, a 24% YoY increase, with closing Assets Under Management (AUM) at ₹13,261 crore. The company also achieved the final close of its PRIME fund (CRE Strategy) at approximately ₹4,000 crore and secured SEBI's approval for a mutual fund license.
Asset Services revenues grew by 34% YoY, with client assets reaching ₹1,58,986 crore, a 25% YoY increase. Capital Markets revenues remained flat YoY, but the fixed income segment saw more than a two-fold growth.
Nuvama Group's consolidated client assets stood at ₹5,36,139 crore as of June 30, 2026, an increase of 16% year-on-year.
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