Wealth First Portfolio Managers Limited has informed the Exchange about Transcript
WEALTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wealth First Portfolio Managers held its first-ever earnings call, reporting FY25 consolidated revenue of INR 60.1 cr, with core business activity revenue up 40% YoY to INR 58.3 cr. PAT fell to INR 34.1 cr from INR 42.7 cr due to negative treasury income (INR 5.2 cr loss vs INR 12.7 cr gain last year) and a one-time INR 1.5 cr cyber fraud hit (company money only, 25% already recovered). Total AUA crossed INR 11,623 cr (+15% YoY), with trail-based AUM at INR 5,386 cr (+20% YoY, 15% from net flows). A major milestone disclosed: SEBI has granted in-principle approval for the company to sponsor an Asset Management Company (AMC) to launch its own mutual fund, with formal license expected within 6 months. The MD expressed a medium-term 'wish' to double AUM in 3 years, with expenses growing much slower than AUM, and guided to a 14-15% IRR target on the own-book treasury portfolio. Total FY25 dividend declared at INR 16/share (~50% payout).
The AMC license opens a meaningful new long-term revenue stream that could re-rate the stock over time, while near-term earnings remain lumpy due to mark-to-market volatility on the own book. Improving cost-to-income ratio (down 210 bps to 25.6%) and stated inorganic growth plans point to operating leverage, but investors should track treasury income swings as a risk.