Nuvama Wealth Management Limited has informed the Exchange about Transcript
NUVAMA · price
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Nuvama Wealth Management reported Q1 FY26 consolidated revenue of INR770 crore (up 15% YoY) and operating PAT of INR264 crore (up 19% YoY), with ROE around 30%. Client assets grew 19% YoY to INR4.6 lakh crore. Nuvama Wealth business saw MPIS assets reach INR32,500 crore (30% growth) with record quarterly net flows of INR2,900 crore; MPIS revenue grew 59% YoY and now contributes ~55% of wealth revenue. Nuvama Private grew ARR assets 25% to INR48,300 crore with INR2,900 crore net flows. Asset Management AUM rose 54% to INR11,800 crore, and Asset Services revenue jumped 46% YoY. Capital Markets revenue dipped 10% on weak ECM activity and loss of Jane Street, which the company expects to largely recover by November. Management guided to INR19,000-20,000 crore in full-year net flows, ~65% wealth cluster cost-to-income (improvement from current), and aspires to 20-25% net profit growth annually.
Strong all-round performance with improving revenue mix toward annuity-style MPIS and ARR streams supports earnings predictability. Margin guidance points to further operating leverage, though near-term headwinds from Jane Street loss, muted ECM, and US tariff uncertainty cap upside. Overall tone is confident on delivering full-year net flow and growth targets.