Nuvama Wealth Management Limited has informed the Exchange about Transcript
NUVAMA · price
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Nuvama Wealth Management reported FY '26 revenues of approximately INR 3,100 crores with operating profit after tax of ~INR 1,050 crores, crossing the INR 1,000 crore milestone. Q4 revenue was INR 825 crores (7% YoY growth, or 13% excluding investment banking). Wealth management profit grew 23% YoY and asset services profit grew 13-14%, while cost-to-income ratios improved by 80-135 basis points across businesses. The company highlighted 25% per-RM revenue productivity improvement driven by AI tools and RM seniorization in the wealth segment, with MPIS assets growing 32% to ~INR 39,000 crores. Asset Management is expanding with new private credit and PE funds in pipeline, while asset services fully recovered from Q1 headwinds and is building RTA/trusteeship services.
Strong operational execution with margin improvement and business diversification away from cyclical capital markets toward recurring wealth and asset management revenues. The focus on multiproduct platform and AI-driven productivity gains positions the company well for sustained growth, though new competitor entry in the wealth management space remains a watchpoint.