India · Delayed Price · Currency is INR Nuvama Wealth Management Earnings Call Transcripts
Fiscal Year 2026
-
Strong growth in wealth, private banking, and asset services drove operating profit to INR 1,050 crore and ROE to 28% for FY 2026, with recurring revenues now 80% of the mix. Asset management expanded with new funds, while technology and AI boosted RM productivity by 25%.
-
Nine-month revenues grew 8% year-over-year, with strong performance in wealth and asset management, while core capital markets remained subdued. PAT for Q3 reached INR 262 crore, and the company targets 20%-25% growth for FY 2027, supported by new product launches and continued investment in talent and technology.
-
Q2 FY2026 saw resilient performance with 4% revenue growth and 8% profit growth year-over-year, despite the loss of a large client. Wealth and private segments drove results, with strong new client acquisition and asset recovery. Interim dividend and share split were announced.
-
Client assets and profits grew 19% YoY, with robust flows in wealth and private segments. Asset management AUM surged 54% YoY, and the company expects to deliver INR 19,000-20,000 crores in net flows for the year, maintaining strong growth despite regulatory and market headwinds.
Fiscal Year 2025
-
FY2025 delivered strong growth with client assets up 24%, revenue up 41%, and PAT up 65% year-over-year. Diversified business lines, improved cost-to-income ratio, and robust net flows in private and wealth segments underpin a positive outlook for FY2026.
-
Client assets grew 36% year-on-year, with Q3 revenue up 30% and PAT up 43%. Wealth and Private segments saw robust AUM and net flow growth, while Asset Management and Asset Services expanded strongly. Management expects yields and NII to recover in Q4.
-
Q2 FY25 saw robust growth with revenue up 16% and PAT doubling year-over-year, driven by strong AUM expansion, capacity building, and technology investments. Cost-to-income ratios remained stable despite significant hiring, and the outlook remains positive with continued market and product expansion.
-
Q1 FY25 delivered robust growth with revenue up 60% YoY and operating PAT up 133% YoY, driven by strong AUM expansion, record ARR flows, and continued investment in technology and talent. Dividend payout initiated at 50% of last year's profits, with positive outlook across all segments.