Mumbai: Nuvama Wealth Management Ltd reported a 5.5 percent year-on-year rise in consolidated profit after tax to Rupees 269 crore for Q4 FY26, supported by sustained momentum in its wealth management and asset services businesses. Total revenue for the March quarter increased 7 percent to Rupees 825 crore from Rupees 771 crore in Q4 FY25, while operating PAT rose to Rupees 269 crore from Rupees 255 crore. Sequentially, revenue improved from Rupees 755 crore reported in Q3 FY26.
The company said FY26 delivered another year of resilient performance amid volatile markets, regulatory changes, and elevated competition. Wealth management businesses continued to post strong growth, with segment revenue rising 19 percent year-on-year in Q4 to Rupees 474 crore, contributing 57 percent of total revenues. Asset services also maintained momentum, while capital markets' performance remained aligned with broader market trends.
Sequential Growth Supported By Wealth Business
On a quarter-on-quarter basis, consolidated revenue increased 9.3 percent from Rupees 755 crore in Q3 FY26, although total costs rose 18.3 percent to Rupees 478 crore. Employee costs stood at Rupees 342 crore during Q4 FY26 compared with Rupees 308 crore a year earlier, while operating PAT improved 2.7 percent sequentially from Rupees 262 crore. Cost-to-income ratio for Q4 FY26 stood at 58 percent versus 53 percent in Q3 FY26.
Nuvama Wealth client assets rose 14 percent year-on-year to Rupees 1.07 lakh crore, while Nuvama Private client assets increased to Rupees 2.07 lakh crore. Total group client assets stood at Rupees 4.53 lakh crore at the end of March 2026. The company said net flows in managed products and annual recurring revenue assets remained strong through the year.
Dividend Announced, FY26 Revenue Crosses Rs 3,100 Crore
For FY26, Nuvama Wealth reported consolidated revenue of Rupees 3,122 crore, up 8 percent from Rupees 2,901 crore in FY25. Operating PAT increased 6 percent to Rupees 1,049 crore, while profit after tax stood at Rupees 1,041 crore. The board announced a dividend of Rupees 14 per share for FY26, with a payout ratio at around 49 percent of annual operating profits.
Asset management fees grew 31 percent during FY26 to Rupees 77 crore, while assets under management stood at Rupees 12,807 crore at year-end. Asset services revenue rose 12 percent year-on-year, whereas capital markets revenue declined 19 percent amid softer market activity.
Disclaimer: This report is based on the company’s audited consolidated financial results and investor presentation and is not investment advice.
