Nuvama Wealth Management (NUVAMA) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly profit of INR 306 crore in Q1 FY27, up 16% YoY, surpassing full-year FY22 profit in just one quarter, with robust performance across all business segments.

• Client assets crossed INR 5.36 lakh crore, up 16% YoY, reflecting strong net new money and franchise trust.

• Approved unaudited consolidated and standalone financial results for the quarter ended June 30, 2026.

• Platform and multi-business model demonstrated resilience and scalability.

• Re-appointed two independent directors and approved acquisition of an additional 26% stake in Pickright Technologies.

Financial highlights

• Consolidated revenue from operations for Q1 FY27 was INR 1,376.22 crore, up from INR 1,122.65 crore in Q1 FY26; quarterly revenue reached INR 909 crore, up 18% YoY.

• Net profit for the quarter was INR 305.64 crore, a 16% YoY increase.

• Nuvama Wealth revenue grew 19%, asset services up 34% YoY; Asset Management revenues grew 24% YoY.

• NPI assets at INR 43,000 crore (+32% YoY), ARR assets at INR 58,000 crore (+21% YoY); Asset Services: assets under custody at INR 1,58,986 crore (+25% YoY).

• Basic EPS for the quarter was INR 16.78; diluted EPS was INR 16.34.

Outlook and guidance

• Asset services revenue growth expected to moderate but remain above 20-25% for the full year.

• Asset management to see new product launches in Q3/Q4, with breakeven expected after FY27.

• Plans to double RM capacity in 3-5 years and grow client assets 2-2.5x over five years in Wealth Management.

• Asset Management aims to grow AUM 6-8x in five years, targeting 45-50% CAGR.

• Board approved enabling resolution for fund raising and investments to support future growth.