Capital Markets company Nuvama Wealth Management announced consolidated Q1FY25 results: Revenues: Q1FY25 stood at Rs 668 crore, grew by 60% YoY. Operating Profit After Tax (PAT): Q1 FY25 stood at Rs 221 crore, grew by 133% YoY. Wealth and Asset Management businesses continues to witness secular growth, Q1FY25 revenues grew by 18% YoY. Capital Markets business revenue grew by 153% YoY driven by heightened market activity and increase in our market share. Board declared dividend of Rs 81.50 per share Commenting on the performance Ashish Kehair, MD & CEO of Nuvama Group said, “Macroeconomic fundamentals for India remain robust. These favourable conditions, probusiness policies, strong markets and rising income levels are driving wealth creation in the hands of households. Changing customer investment preferences to capital markets products over traditional investment avenues augurs well for wealth management and asset management sectors. As these preferences change, product suite expands and regulations evolve the sector will consolidate and see unorganized movement to organized, as seen in matured markets. We are pleased to report, with our integrated business model we were able to leverage these trends and deliver good results. We reported revenues of Rs 668 crore, an increase of 60% YoY and operating PAT of Rs 221 crore, an increase of 133% YoY. We are also making our first capital distribution as a listed company by way of dividend of Rs 81.50 per share. Our execution of strategic priorities remains on track. We continue to grow our sales capacity, client relationships, client assets and our market share. In Wealth Management our investments continue; we added 60+ RMs, launched an industry leading technology tool for portfolio-solutions and garnered healthy new flows for annuity products. We also received final approval from DIFC authorities in July’24 for our offshore private wealth proposition in Dubai. In Asset Management our AUM grew by 30% YoY and our fresh sales were ~ Rs 600 crore in Q1. This run rate is expected to grow as we have launched multiple new schemes in the last 3-6 months across all our three strategies. In public markets we have built good track record, and these are now gathering good interest from external distributors too. Momentum continued in capital markets. Growth in market volumes, rise in our market share, closure of multiple marquee deals in IB and new flows in asset services drove the top line. With operating leverage playing out the profitability rose further. Looking ahead we remain optimistic on secular trends in wealth management industry and confident on our execution to create long term value for our stakeholders.” Result PDF