PFA intimation w.r.t Earnings Call Transcript

Nuvama Wealth Management reported full-year revenues of approximately INR3,100 crores with operating profit after tax of around INR1,050 crores, crossing the INR1,000 crore operating profit milestone for the first time. Q4 revenue stood at INR825 crores (7% YoY, or 13% excluding Investment Banking and Equities). ROE remained healthy at 28% for FY '26. The company declared a dividend of INR14 per share for H2, representing a 50% payout consistent with its dividend distribution policy. Wealth Management (Nuvama Wealth + Nuvama Private) now contributes 55% of total firm revenue, up from 49% last year, reflecting the shift toward more recurring revenue streams. The Wealth segment delivered 23% profit growth while Asset Services grew 12-13%, driven by strong performance in managed products (MPIS) which grew 38% in revenue and 32% in assets. The loan book expanded 27% to INR4,900 crores. The company launched AI tools for relationship managers resulting in a 25% revenue jump per RM, and introduced new services like Virasat (estate planning) and Agentic AI. Asset Management is scaling with a commercial real estate fund closed at INR4,000 crores and plans to launch new funds in private equity (target INR1,000-INR1,500 crores) and private credit (target INR1,000-INR1,500 crores). The mutual fund license is in final stages of approval.