Nuvama Wealth Management Limited announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2026 (Q2 and H1 FY27). The company reported a strong performance with operating profit rising 26% YoY to ₹319 Cr in Q2 FY27 and 21% YoY to ₹625 Cr in H1 FY27. Client assets reached ₹5.5 trillion, a 25% YoY increase.
Nuvama Wealth Management Announces Strong Q2 and H1 FY27 Results
Nuvama Wealth Management Limited has declared its unaudited consolidated financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27), ending September 30, 2026. The company has demonstrated robust growth across key financial metrics, underscoring the strength of its integrated wealth management platform.
Key Financial Highlights
- Operating Profit: For Q2 FY27, the operating profit stood at ₹319 Cr, marking a significant 26% year-over-year (YoY) increase. The half-yearly operating profit for H1 FY27 reached ₹625 Cr, a 21% YoY growth.
- Revenues: Consolidated revenues for Q2 FY27 were ₹937 Cr, up 21% YoY. H1 FY27 revenues amounted to ₹1,846 Cr, an increase of 20% YoY.
- Costs: Total costs for Q2 FY27 were ₹507 Cr, a 16% YoY increase. For H1 FY27, total costs were ₹1,008 Cr, up 17% YoY.
Business Segment Performance
Wealth Management
- Q2 FY27 Performance: Profits Before Tax (PBT) for Wealth Management grew by 22% YoY to ₹184 Cr.
- H1 FY27 Performance: PBT for H1 FY27 increased by 21% YoY to ₹332 Cr.
- Client Assets: Total client assets in Wealth Management stood at ₹3,71,129 Cr as at the end of Q2 FY27, a growth of 16% YoY.
Asset Services and Capital Markets
- Q2 FY27 Performance: PBT for this segment surged by 34% YoY to ₹259 Cr.
- H1 FY27 Performance: PBT for H1 FY27 grew by 26% YoY to ₹527 Cr.
Client Assets Growth
Overall client assets for Nuvama Group reached a substantial ₹5.5 trillion, reflecting a 25% YoY increase. This growth is attributed to continued client confidence and momentum in various business verticals. MPIS and ARR client assets across Nuvama Wealth and Private also saw a significant rise of 27% YoY, reaching approximately ₹1.1 trillion.
Management Commentary
Ashish Kehair, MD & CEO of Nuvama Group, commented, “We delivered another quarter of strong performance, with Q2 operating profits growing 26% YoY and RoE remaining strong at ~29%. Wealth Management continued its track record of consistent compounding with record net flows, Asset Services sustained strong momentum, and Capital Markets delivered a healthy performance despite a softer market environment.” He further added that the company believes it is uniquely positioned to benefit from the evolving wealth market trends.
Other Key Highlights
- Nuvama Wealth client assets stood at ₹1,29,177 Cr, growing by 20% YoY, with MPIS assets growing faster at 32% YoY.
- Nuvama Private client assets reached ₹2,41,952 Cr, up 15% YoY, with ARR assets growing by 24% YoY.
- Nuvama Asset Management AUM reached ₹12,000 Cr.
- Nuvama Asset Services assets under clearing and custody stood at ₹1,63,835 Cr, growing by 55% YoY.
Source: BSE
