ALFA Finder
The call ran from 12:57 PM to 2:02 PM IST (1 h 4 min).
Key takeaways
Q2 revenue ₹937 Cr (+21% YoY) and operating PAT ₹319 Cr (+26%) on record net flows; ₹16 Cr one-time charge, dividend skipped as leverage reaches 2.9x.
| Revenue growth | Revenue ₹937 Cr, +21% YoY; prior-year coinvest base effect in Wealth. |
|---|---|
| Margins | Wealth cost-income improved ~200bps YoY; target further 100–200bps annually. |
| Order book | ECM/advisory pipeline ~40 deals, ₹85–90 Cr probability-weighted. |
| Demand visibility | Strong net flows; ECM pipeline ~40 deals; private credit launch imminent. |
| Management confidence | Confident overall; defensive on dividend suspension, leverage at 2.9x. |
Growth
Revenue +21%, H1 +20%; Wealth revenue moderated on prior-year coinvest base effect; asset services +53%.
Outlook
FY27 opex ~₹550 Cr incl. new HO ROU (~₹25 Cr); clearing yields 2.5–2.8%; dividend under review.
Risks
Leverage 2.9x above 2.5x comfort; ₹16 Cr one-time charge; ESOP cost ~₹20 Cr/quarter for four quarters.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Nuvama Wealth Management Q2 FY27 Results: Net Profit ₹303.5 Cr, Up 19.5% YoY
Nuvama Wealth Management Ltd reported revenue from operations of ₹1,366 Cr (+20.4% YoY) and net profit of ₹303.5 Cr (+19.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹303.5 Cr · +19.5% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 20-25% revenue growth in Asset Services and planning second commercial real estate fund of ₹4000-5000Cr by Q3.
Growth they described
Strong 18% YoY revenue growth led by asset services (34%) and wealth management (19%), despite cyclical volatility in investment banking.
Call details
| Company | Nuvama Wealth Management Ltd |
|---|---|
| NSE symbol | NUVAMA |
| ISIN | INE531F01023 |
| Call | Q2 FY27 earnings call |
| Date | Monday, 9 November 2026 |
| Time | 1:00 PM IST |
| Length | 1 h 4 min |
Nuvama Wealth Management Ltd: key numbers
- Share price
- ₹1,843.50
- Market cap
- ₹34,022 Cr
- Revenue (annual)
- ₹4,631 Cr
- Net profit (annual)
- ₹1,041 Cr
- P/E (TTM)
- 30.1×Sector 20.8×
- Promoter holding
- 53.40%-0.58% QoQ
- FII holding
- 19.97%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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