Chennai: Nuvama Wealth Management Limited (NSE, BSE: NUVAMA), one of India’s leading wealth management companies, announced its financial results for the quarter and year ending 31st March 2026.
Nuvama delivered another year of resilient performance, led by continued structural growth in Wealth Management across both UHNI and HNI/Affluent segments. Asset Services maintained strong momentum, reporting record quarterly and full-year profits, while the Asset Management build-out progressed steadily. Capital Markets performance remained in line with broader market trends, with the fixed income franchise continuing to scale strongly.
Nuvama Group’s Consolidated Performance
| Particulars – ₹ Cr | Q4 FY25 | Q4 FY26 | YoY% | FY25 | FY26 | YoY% | ||
| Revenues | 771 | 825 | 7% | 2,901 | 3,122 | 8% | ||
| Costs | 435 | 478 | 10% | 1,590 | 1,740 | 9% | ||
| Operating Profit Before Tax (PBT) | 336 | 347 | 3% | 1,311 | 1,382 | 5% | ||
| Operating Profit After Tax (PAT) | 255 | 269 | 5% | 986 | 1,049 | 6% | ||
| Exceptional Items (Net of Taxes)1 | – | – | – | – | 8 | – | ||
| Profit After Tax | 255 | 269 | 5% | 986 | 1,041 | 6% |
Note 1: Exceptional Items: One-time statutory impact of New Labour Codes
Commenting on the performance Ashish Kehair, MD & CEO of Nuvama Group said,
“FY26 tested us across multiple fronts; macro uncertainty, volatile markets, evolving regulatory actions, and heightened competition. Through disciplined execution and strong client focus, we delivered resilient growth. Beyond near-term market cycles, our integrated and diversified platform has consistently demonstrated its strength, with each business delivering profit CAGR of ~20% or above, across 2, 3, and 4-year horizons.
The sector continues to present strong structural tailwinds and significant long-term opportunities. As we scale, maintaining a bifocal approach; driving growth while institutionalising systems and processes, remains a key priority, and we made meaningful progress on this agenda during FY26. In Wealth Management, we strengthened our client proposition through investments in talent, AI, technology, and product capabilities. We further expanded our reach and deepened client engagement, with strong new flows at 25% of opening ARR and MPIS assets, reflecting growing client trust. In Asset Services, we continued to attract flows from both new and existing clients across domestic and international segments, reinforcing the resilience of this infrastructure-like business amid market volatility. In Asset Management, we strengthened both investment and non-investment capabilities to support long-term scaling of the platform. In Capital Markets, we maintained our equity market share while continuing to grow fixed income market share through enhanced origination and distribution capabilities.
As the industry continues to mature and consolidate, we believe our diversified platform, governance-led approach, and strong client focus position us well for sustained growth ahead.”
