Nuvama Wealth Management reported sustained performance for 9M FY26, with wealth management revenue growing by 21% YoY and profit before tax increasing by 23% YoY. Consolidated Operating PAT stood at ₹780 Cr. The company continues to invest in capacity, network, and technology to scale reach and deepen client engagement. Nuvama is well-positioned for continued growth across its diversified businesses.
Financial Performance Highlights
Nuvama Wealth Management Limited (NSE, BSE: NUVAMA) announced its financial results for the quarter ended December 31, 2025, showcasing strong growth in its wealth businesses:
- Wealth Management revenue increased by 21% YoY.
- Profit before tax for the Wealth Management segment grew by 23% YoY.
- Consolidated Operating PAT reached ₹780 Cr.
Segmental Performance
The wealth businesses continue to be a key driver of growth, supported by robust client inflows and engagement. Asset Services revenues grew by 7% QoQ. The company’s overall performance remained steady during the quarter, with profit after tax growing by 4% YoY for Q3 and 7% YoY for 9M FY26.
Key Business Drivers
Ashish Kehair, MD & CEO of Nuvama Group, commented on the company’s performance and said: “At Nuvama, we have organically scaled our businesses over the last two to three years. This diversified and synergistic platform has improved resilience and positioned us to deliver growth across cycles. Our 9M FY26, PAT stood at ₹780 crore, up 7% YoY.” He further highlighted the company’s investments in capacity, network, technology, and brand to scale reach and deepen client engagement.
Wealth Management Key Metrics
- Revenues: ₹430 Cr in Q3, up 18% YoY, and ₹1,245 Cr in 9M, up 21% YoY.
- PBT: ₹153 Cr in Q3, up 23% YoY, and ₹427 Cr in 9M, up 23% YoY.
- Client Assets: ₹3,29,047 Cr as of the end of Q3, up 6% YoY.
Nuvama Wealth Metrics
- Revenues: ₹248 Cr in Q3, up 18% YoY, driven by MPIS and lending.
- PBT: ₹87 Cr in Q3, up 26% YoY.
Nuvama Private Metrics
- Revenues: ₹182 Cr in Q3, up 19% YoY, driven by ARR revenues, which grew by 45% YoY.
- PBT: ₹66 Cr in Q3, up 20% YoY.
Asset Management
- Management fee: ₹20 Cr in Q3, up 33% YoY, ₹55 Cr in 9M, up 30% YoY.
- Closing AUM: ₹12,605 Cr as of the end of Q3, up 12% YoY.
Asset Services
- Revenues: ₹172 Cr in Q3, up by 7% QoQ.
- Client Assets: ₹1,20,302 Cr as at end of Q3.
Source: BSE
