Nuvama Wealth Management reported a resilient performance for the fiscal year ended March 31, 2026. The firm achieved INR 3,100 crores in annual revenues and an operating profit after tax of INR 1,050 crores. Significant growth was driven by a 23% increase in wealth management profits and a 14% rise in asset services earnings, supported by a strategic focus on digitalization, relationship manager seniorization, and expanding multi-product offerings.
Annual Financial Highlights
For the financial year 2026, Nuvama Wealth Management delivered a steady growth trajectory across its key business segments. The company reported annual revenues close to INR 3,100 crores, with operating profits exceeding the INR 1,000 crore milestone. Profit from wealth management grew by 23%, while asset services contributed a 14% year-on-year profit increase. The board declared a dividend of INR 14 per share for the second half of the year, maintaining a payout ratio of roughly 50%.
Strategic Business Growth
The firm’s core growth engine, Managed Products and Investment Solutions (MPIS), saw annual revenue growth of 38%, with assets under management rising by 32%. The loan book also showed strong momentum, growing by 27% to reach a closing balance of approximately INR 4,900 crores. Nuvama Private, a key contributor representing 60% of firm revenues, maintained strong inflows at 22% of opening assets, with assets under regular revenue (ARR) reaching INR 54,000 crores.
Operational Advancements and Future Outlook
Nuvama has focused on the ‘seniorization’ of its relationship manager cohort, adding roughly 80 professionals to improve productivity. Technological integration, including the launch of Agentic AI and a multicurrency portfolio reporting module, has resulted in a 10% to 15% productivity jump in revenue per relationship manager. Looking ahead, the firm is expanding into private credit and has initiated the process for a mutual fund license, expecting these investments to provide long-term structural opportunities for growth.
Asset Management and Services
The asset management arm saw success in commercial real estate, with its latest fund closing at INR 4,000 crores. Additionally, the asset services business has fully recovered from previous headwinds, achieving a 12% growth in full-year revenues. The firm remains committed to building an exhaustive product bouquet, with plans for new fund launches in private equity and credit strategies scheduled for the coming quarters.
Source: BSE
