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Earnings Call

Nuvama Wealth Management Earnings Call: Key Takeaways

Nuvama Wealth Management posted record operating PAT of ₹1,050cr for FY26, driven by a 23% profit surge in Wealth Management and stabilization of Asset Services.

Why this was an Alfa AlertNot a filter event. Financials were broadly in line with management's structural growth trajectory without a 5% beat over explicit prior guidance ranges.
Highlights
Revenue growthFY26 revenue ~₹3,100cr; Q4 revenue ₹825cr (up 7% YoY).
MarginsWealth cost-to-income ratio improved by 135 bps YoY.
Demand visibilityStrong structural demand for organized wealth management in India.
Management confidenceHigh, citing 'test of resilience' and successful navigation of macro uncertainty.

Growth

FY26 revenue ~₹3,100cr; Wealth/Private segments now contribute 55% of revenue, with MPIS revenue growing 38% YoY.

Outlook

Launching new funds in Private Credit and Real Estate; awaiting Mutual Fund license to scale public market offerings.

Risks

Secondary market moderation in FY26; volatile capital market activity affecting IE and IB businesses.

Source

Earnings Call filed with BSE, NSE: NUVAMA. Summary written with AI assistance from the document.

Read the document ↗

Nuvama Wealth Management Ltd: key numbers

Share price
₹1,681.40
Market cap
₹31,024 Cr
Revenue (annual)
₹4,631 Cr
Net profit (annual)
₹1,041 Cr
P/E (TTM)
28.6×Sector 22.0×
Promoter holding
53.98%-0.15% QoQ
FII holding
19.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Nuvama Wealth Management Ltd

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12:33 IST NSE
Share Pledge

Nuvama Wealth Management Share Pledge

PAGAC Ecstasy, a Nuvama promoter, disclosed an increase in underlying loan amounts secured by its existing pledge of 9.69 crore shares (52.57%). No new shares were encumbered.

22:25 IST BSE
Employee Stock Options

Nuvama Wealth Management Employee Stock Options

Nuvama Wealth Management has allotted 66,583 equity shares upon the exercise of employee stock options. This issuance follows the company's existing ESOP and ESAR schemes.

16:50 IST BSE
Debt & Borrowing

Nuvama Wealth Management Debt & Borrowing: ₹50 Cr

Nuvama Wealth Management has completed the full redemption of its Commercial Papers valued at ₹50 Crore upon maturity. This repayment clears the outstanding debt.

Value
₹50.00 Cr
16:20 IST BSE
Share Pledge

Nuvama Wealth Management Share Pledge

Promoter PAGAC Ecstasy Pte. Ltd. created an encumbrance on its shares in Nuvama Wealth Management. This disclosure fulfills regulatory requirements regarding promoter share pledges.

15:13 IST BSE
Share Pledge

Nuvama Wealth Management Share Pledge

DB Trustees disclosed increased pledge security over 96.96 million Nuvama shares, now securing USD 450 million. The encumbrance covers 53.12% of the company's equity.

Value
₹4,275 Cr
17:19 IST BSE
Debt & Borrowing

Nuvama Wealth Management Debt & Borrowing: ₹35 Cr

Nuvama Wealth Management Ltd has fully redeemed Commercial Papers worth ₹35 Crore upon maturity on September 10, 2026.

Value
₹35.00 Cr