Nuvama delivers highest-ever quarterly profit of ₹ 306 Cr in Q1 FY27; Client assets cross ₹ 5 lakh crore

Nuvama delivers highest-ever quarterly profit of ₹ 306 Cr in Q1 FY27; Client assets cross ₹ 5 lakh crore​

Nuvama Wealth Management Limited reported unaudited Consolidated Financial Results for the quarter ended June 30, 2026, highlighting a strong performance and milestone achievement regarding client base size. The company posted its highest-ever quarterly profit, while client assets surpassed the ₹ 5 lakh crore mark.

The results reflect the consistent growth of the diversified platform across all business areas: Wealth Management, Asset Services, and Capital Markets.

Consolidated Financial Performance​

Nuvama reported substantial revenue and profitability for Q1 FY27. The company’s total revenues stood at ₹ 909 Cr, marking an 18% year-on-year (YoY) increase from ₹ 770 Cr in the previous quarter. Profit After Tax reached ₹ 306 Cr, a 16% rise YoY. Costs for the quarter were reported at ₹ 501 Cr, up 19% compared to Q1 FY26.

The consolidated performance across the business segments is detailed below:

Segment Performance Analysis​

Ashish Kehair, MD & CEO of Nuvama Group, stated that the performance reflected the strength and resilience of Nuvama's integrated platform, noting client trust across market cycles. He elaborated that Wealth Management demonstrated sustained growth supported by client acquisition and consistent margins.

Wealth Management Deep Dive:
The wealth segment saw revenues reach ₹ 447 Cr in Q1, a 19% increase YoY, with Profit Before Tax (PBT) at ₹ 149 Cr, up 20% YoY. This segment includes two key areas: Nuvama Wealth and Nuvama Private.

• Nuvama Wealth: This division reported revenues of ₹ 250 Cr in Q1, growing by 13% YoY, with PBT at ₹ 90 Cr (up 19% YoY). Client assets for Nuvama Wealth stood at ₹ 1,23,695 Cr, achieving a 17% YoY growth. The MPIS segment generated the highest quarterly Net New Money (NNM) of ₹ 3,044 Cr, representing 8% of opening MPIS assets.
• Nuvama Private: Revenues stood at ₹ 198 Cr in Q1, rising 27% YoY. PBT was ₹ 59 Cr (up 22% YoY). Client assets for Nuvama Private were ₹ 2,40,197 Cr, reflecting a 10% YoY growth. ARR NNM stood at ₹ 1,083 Cr, with underlying flows remaining healthy over approximately ₹ 1,800 Cr excluding outflows from select low-cost mandates.

Asset Management and Asset Services:
The performance in the asset management segment showed strong momentum, while Capital Markets maintained resilience across a volatile market environment.

• Asset Management (AM): The business generated ₹ 22 Cr in management fees for Q1, marking a 24% YoY increase. Closing Assets Under Management (AUM) stood at ₹ 13,261 Cr, up 12% YoY, attributing growth to the Commercial Real Estate (CRE) strategy. Furthermore, the company achieved final close of PRIME fund (CRE Strategy) at approximately ₹ 4,000 Cr.
• Asset Services and Capital Markets (ASCM): This segment reported PBT of ₹ 269 Cr in Q1, growing 19% YoY. Client assets for Asset Services stood at ₹ 1,58,986 Cr as at the end of Q1, showing a 25% increase YoY.

Strategic Outlook and Growth Pillars​

Nuvama reaffirmed its commitment to organic growth, embracing technology and AI while maintaining high standards of governance. The company emphasized that the value of independent, client-first wealth management firms is increasing globally.

The strategic focus areas for Nuvama moving forward include:

• Asset Management: Scaling public market strategies, with ongoing focused products including Long Short Absolute Return and Mid/Small Cap Flexi Cap Dynamic Asset Allocator. The company aims to build a full suite of alternatives.
• Asset Services: Continuing to grow assets under Clearing and Custody for the Domestic Institutional Client Group (AIF and PMS).
• International Focus: Expanding the International Institutional Client Group, committing to increasing automation and enhancing controls to support future scale.

NUVAMA Stock Price Movement​

Nuvama Wealth Management Limited shares today slipped by 1.54% as it settled at ₹1793.4 after trading in the market session. The equity saw a volume of 119,497 shares traded during the day.