ALFA Finder| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 18% YoY growth driven by diversified platform segments. |
|---|---|
| Margins | Wealth management cost-to-income ratio targets 62% in medium term. |
| Demand visibility | Strong expansion in Tier 2/3 cities and affluent segments. |
| Management confidence | Confident, focusing on full-platform convergence and technology adoption. |
Growth
Strong 18% YoY revenue growth led by asset services (34%) and wealth management (19%), despite cyclical volatility in investment banking.
Outlook
Targeting 20-25% revenue growth in Asset Services and planning second commercial real estate fund of ₹4000-5000Cr by Q3.
Risks
Compression in transaction yields due to mark-to-market adjustments and elevated 70% cost-to-income ratio in the private wealth segment.
Last quarter's promises, checked
Delivered
- Guided 25-30% Wealth growth → delivered 38% (MPIS) (= BEAT)
- Targeted 80 net RM additions → delivered 80 (= BEAT)
- Guided 20-25% ARR revenue share → delivered 60% (= BEAT)
Partly delivered
- Targeted INR 3,000-3,500Cr new RE fund → delivered INR 4,000Cr but only 40-50% deployed (= PARTIAL)
- Guided 100bps C/I ratio reduction → delivered 80bps in Wealth segment (= PARTIAL)
Missed
- Targeted INR 1,000-1,500Cr Crossover 4 fundraise → delivered INR 250-275Cr (= MISS)
Earnings Call Transcript filed with BSE, NSE: NUVAMA. Summary written with AI assistance from the document.
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.
More from Nuvama Wealth Management Ltd
All →Nuvama Wealth Management Earnings Call Transcript: 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.
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
Nuvama Wealth Management Share Pledge
Catalyst Trusteeship discloses a new pledge of 3.51 crore Nuvama shares by PAG Ecstasy. Total encumbered shares rise to 9.70 crore, securing a USD 450 million facility.
- Value
- ₹4,230 Cr
Nuvama Wealth Management Share Pledge
Promoter PAGAC Ecstasy pledged 3,50,74,460 additional NWML shares for overseas borrowings. Total encumbered shares now stand at 9,69,60,340 (52.54%).
Nuvama Wealth Management Employee Stock Options
Nuvama Wealth Management allotted 33,912 equity shares upon ESOP/ESAR exercise. Post-allotment, paid-up capital increased to 18,45,49,601 shares of ₹2 face value.
Nuvama Wealth Management Board Meeting Date
Nuvama Wealth will hold a board meeting on 6 November 2026 to consider Q2 and H1 results. An earnings call follows on 9 November.