PFA intimation wrt Earnings call

Nuvama Wealth Management reported a breakout FY25, with client assets up 24% YoY to INR4.3 lakh crores and full-year PAT rising 65% to INR986 crores. ROE improved sharply to 31.5% (from 23.6%), and consolidated cost-to-income ratio improved to 56% from 60% in Q4 FY24. MPIS assets grew 29% to INR30,000 crores with INR6,500 crores in net new money, while ARR assets saw INR10,000 crores in net flows (up 52%). Asset Services revenue jumped 85% on higher float and yields, and Asset Management AUM rose 62% to INR11,300 crores. Management guided for 100 bps cost-to-income improvement in the Wealth business for FY26 and targets INR23,000–24,000 crores in core net flows. The commercial real estate fund reached first close at INR1,700 crores, targeting INR4,000 crores; a private credit fund is expected to launch by Q3–Q4 FY26. Total dividend payout is INR132 per share (INR63 interim + INR69 final).