Conference Call with Nuvama Wealth Management Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Capital Markets company Nuvama Wealth Management announced Q1FY26 results Revenues: Q1FY26 stood at Rs 770 crore compared to Rs 668 crore during Q1FY25, change 15% YoY. Operating Profit Before Tax (PBT): Rs 349 crore compared to Rs 293 crore during Q1FY25, change 19%. Operating Profit After Tax (PAT): Q1FY26 stood at Rs 264 crore, grew by 19% YoY. Delivered strong performance with momentum in Q1FY26: Wealth and Asset Management: Sustained robust growth, revenues grew by 18% YoY. Asset Services: Revenues grew by 46% YoY, driven by the scale-up of existing and the addition of new clients. Ashish Kehair, MD & CEO, Nuvama Group, said: “In Q1, India’s economy stayed strong, supported by steady consumer demand and lower inflation. Recent RBI rate cuts improved liquidity, helping maintain healthy domestic fund flows. Stock markets saw modest, range-bound gains as volatility and soft earnings kept investors cautious. Looking ahead, US tariffs and global trade tensions could weigh on sentiment, but India’s long-term growth fundamentals remain strong despite near-term earnings pressures. We started the year on a strong footing, delivering broad-based growth across all our business segments. Our ability to scale efficiently, with a cost-to-income ratio at 55% alongside a disciplined and well-governed operating model, translated into meaningful outcomes. Our profit after tax grew by 19% YoY, and we continued to deliver RoE of over 30% in Q1. In Wealth Management, our multi-product platform continues to draw strong inflows across asset classes, supported by sustained investments in talent and technology that are enhancing client engagement and driving growth. In Asset Management, our commercial real estate, PRIME fund, completed its 1st investment and has a decent pipeline for further deployments. In Asset Services, both our segments, International and Domestic, continue to scale meaningfully, deepening their granularity. Our Capital Markets businesses delivered steady growth over the last quarter, aided by improving market sentiment and continued client engagement. We remain confident in our differentiated value proposition, positioning us well to capture client interest and deliver sustainable, long-term growth” Result PDF