India · Delayed Price · Currency is INR Nuvama Wealth Management Earnings Call Transcripts
Fiscal Year 2026
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Nine-month revenue grew 8% year-over-year to INR 2,300 crore, with wealth business now contributing 57% of total revenue. PAT for Q3 was INR 262 crore, and the company targets 20%-25% growth for FY 2027, supported by new product launches and continued RM expansion.
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Q2 FY2026 saw resilient performance with 4% revenue growth and 28% ROE, despite losing a large client. Wealth and private segments drove results, with strong new client acquisition and asset recovery. Interim dividend and share split were announced, and full asset services recovery is expected soon.
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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
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FY2025 delivered record growth in client assets, revenue, and profits, with improved cost efficiency and ROE. Strong segment performance, robust net flows, and strategic investments in technology and talent position the business for continued 20%+ AUM growth in FY2026.
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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.
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Q2 FY25 saw robust revenue and profit growth, with AUM and client assets reaching new highs. Expansion into Dubai and GIFT City, strong RM hiring, and technology investments support future growth, while cost-to-income and ROE remain healthy.
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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.