Nuvama Wealth Management Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a 26% year-on-year increase in Profit After Tax for Q2 FY27, with client assets reaching ₹5.5 trillion. Additionally, the Board of Directors approved investments of up to ₹400 crore in Nuvama Wealth Finance Limited and ₹300 crore in Nuvama Wealth and Investment Limited, underscoring strategic growth initiatives.
Nuvama Wealth Management Reports Robust Financial Performance
Nuvama Wealth Management Limited (NSE, BSE: NUVAMA) has declared its unaudited financial results for the quarter and half-year ended September 30, 2026. The company showcased a strong performance, driven by its integrated wealth management platform. For the second quarter of FY27, Nuvama reported an operating profit growth of 26% year-on-year, reaching ₹319 crore, while the profit for the first half of FY27 rose by 21% year-on-year to ₹625 crore.
Key Financial Highlights
The earnings release highlights a consistent growth trajectory, with client assets touching a significant milestone of ₹5.5 trillion, marking a 25% increase year-on-year. The Wealth Management segment continued its consistent compounding, with profits growing 22% year-on-year in Q2. Asset Services maintained strong momentum, and Capital Markets delivered a healthy performance. Consolidated revenues for Q2 FY27 stood at ₹937 crore, up 21% year-on-year, and for H1 FY27 at ₹1,846 crore, up 20% year-on-year.
Strategic Investment Approvals
In a significant move to further strengthen its subsidiaries, the Board of Directors of Nuvama Wealth Management Limited approved substantial investments. The company will invest an amount not exceeding ₹400 crore in one or more tranches, through subscription in the equity shares of its wholly owned material subsidiary, Nuvama Wealth Finance Limited (NWFL). Furthermore, an investment not exceeding ₹300 crore has been approved for subscription in the equity shares of another wholly owned material subsidiary, Nuvama Wealth and Investment Limited (NWIL). These investments are intended to support the growth and strategic objectives of these subsidiaries.
Segment Performance Overview
The company’s business segments showed healthy performance:
- Wealth Management: Reported revenues of ₹501 crore in Q2, a 14% year-on-year increase, and ₹948 crore in H1 FY27, up 16% year-on-year. Profit Before Tax (PBT) for Q2 was ₹184 crore (up 22% YoY), and for H1 FY27 was ₹332 crore (up 21% YoY). Client assets in this segment reached ₹3.71 trillion.
- Asset Services and Capital Markets: Segment profit before tax (PBT) grew by 34% year-on-year in Q2 to ₹259 crore, and by 26% year-on-year to ₹527 crore in H1 FY27. Revenues from Asset Services increased by 53% YoY in Q2 to ₹245 crore, and Capital Markets revenues saw a 9% YoY increase to ₹175 crore in Q2.
Operational Updates and Outlook
Ashish Kehair, MD & CEO of Nuvama Group, commented on the performance, highlighting the strong operating profit growth and sustained Return on Equity (RoE). He emphasized the company’s unique positioning to benefit from structural shifts in the market and its focus on building an institution that delivers enduring value. The company also received necessary approvals for its specialized investment fund platform, Numa SIF.
The financial results, along with the earnings release and review reports, are available on the websites of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and the company’s official website.
Source: BSE
