Nuvama Wealth Reports Record ₹306 Crore Net Profit in Q1 FY27, Capital Raised via NCDs

MUMBAI — Nuvama Wealth Management Limited announced its financial results for the first quarter ended June 30, 2026, registering its highest-ever consolidated quarterly net profit of ₹305.64 crore (reported as ₹306 crore in earnings releases). Driven by robust performance across its core wealth and capital markets segments, the financial services group recorded a 22.58% year-on-year increase in revenue from operations to ₹1,376.22 crore. Alongside the financial results, the company’s Board of Directors approved capital allocation measures including up to ₹100 crore investment in its asset management arm and an enabling resolution to raise up to ₹500 crore via Non-Convertible Debentures (NCDs).

Record Profitability and Operating Growth

The Mumbai-headquartered financial services firm saw total consolidated income expand to ₹1,381.96 crore during Q1 FY27, up from ₹1,124.61 crore during the same period in the previous financial year. Consolidated net profit after tax rose 15.83% year-on-year from ₹263.87 crore in Q1 FY26 to ₹305.64 crore.

The company's basic Earnings Per Share (EPS) for the quarter stood at ₹16.78 per share (face value ₹2 each), compared to ₹14.67 in the corresponding quarter of FY26. Total client assets managed by the group crossed a landmark milestone of ₹5 lakh crore, reaching ₹5,36,139 crore as of June 30, 2026.

Board Approves Capital Infusions and Debt Issuance

At the Board of Directors meeting held on July 30, 2026, the management approved several strategic capital allocation decisions to fuel future growth:

• Investment in Nuvama Asset Management: The Board approved an equity investment not exceeding ₹100 crore in its wholly owned subsidiary, Nuvama Asset Management Limited (NAML). The capital will support NAML following its receipt of SEBI approval on June 9, 2026, to act as the Asset Management Company for Nuvama Mutual Fund.

• Debt Fundraising: The Board recommended an annual enabling resolution to raise funds up to ₹500 crore (5 billion rupees) through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, subject to shareholder approval.

• Consolidation of Tech Arm: Nuvama approved the acquisition of the remaining 26% equity stake in Pickright Technologies Private Limited for ₹2.08 crore. Upon completion, Pickright will become a wholly owned subsidiary.

• Leadership Re-appointments: The Board recommended the re-appointment of Mr. Birendra Kumar (Chairperson) and Ms. Anisha Motwani as Independent Directors for a second term of three years, starting July 22, 2027, subject to shareholder approval.

Segment-Wise Operational Performance

Nuvama’s business operations performed strongly across key reporting segments:

1. Wealth Management Business

Consolidated segment revenue from wealth management expanded to ₹783.54 crore during the quarter ended June 30, 2026, compared to ₹591.21 crore in Q1 FY26. Segment profit before tax rose to ₹147.43 crore.

• Nuvama Wealth (Affluent & HNI): Revenues reached ₹250 crore, up 13% YoY, driven by Managed Products & Investment Solutions (MPIS).

• Nuvama Private (UHNI & Family Offices): Revenues grew 27% YoY to ₹198 crore.

2. Asset Management Business

Revenues for the asset management unit stood at ₹37.59 crore, up from ₹24.72 crore in the corresponding quarter last year. Management fees grew 24% YoY to ₹22 crore, with total Closing Assets Under Management (AUM) reaching ₹13,261 crore.

3. Capital Markets & Asset Services

The capital markets division generated segment revenues of ₹596.89 crore in Q1 FY27 versus ₹475.18 crore in Q1 FY26, delivering profit before tax of ₹268.62 crore. Client assets under custody and clearing within Asset Services grew 25% YoY to ₹1,58,986 crore.

Official Statements and Leadership Commentary

Official Sources Section

The detailed financial statements, regulatory disclosures, and segment breakdowns were formally published via regulatory filings with the BSE Limited and the National Stock Exchange of India Limited on July 30, 2026.

Executive Quote

Commenting on the quarterly results and strategic outlook, Ashish Kehair, Managing Director & Chief Executive Officer of Nuvama Group, stated:

"We are pleased to begin FY27 on a strong note, delivering our highest-ever quarterly profit exceeding ₹300 Cr, revenues crossing ₹900 Cr, and client assets surpassing 5 trillion. Our performance reflects the strength of Nuvama's diversified platform, disciplined execution, and the deep trust that clients continue to place in us across market cycles."

Why It Matters

Nuvama Wealth Management’s operational performance highlights a growing appetite among Indian investors for organized wealth management, PMS, AIFs, and institutional asset clearing solutions. The company's expansion into retail mutual funds via NAML and consolidation of tech capabilities via Pickright will allow it to capture market share across retail, HNI, and UHNI segments. Moreover, raising up to ₹500 crore via NCDs ensures the firm retains strong balance sheet flexibility to support credit and growth needs.

Key Facts at a Glance

• Q1 FY27 Net Profit: ₹305.64 crore (up 15.83% YoY).

• Q1 FY27 Total Income: ₹1,381.96 crore (up 22.88% YoY).

• Client Assets: Reached ₹5,36,139 crore across all business arms.

• Capital Expansion: Up to ₹100 crore equity investment approved for Nuvama Asset Management.

• Debt Capital: Enabling resolution approved for ₹500 crore fundraising through private placement of NCDs.

Frequently Asked Questions (FAQ)

What were Nuvama Wealth's key financial results for Q1 FY27?

Nuvama Wealth Management reported a consolidated revenue from operations of ₹1,376.22 crore and a net profit of ₹305.64 crore for the quarter ended June 30, 2026.

How much capital is Nuvama investing in its asset management unit?

The Board has approved an investment of up to ₹100 crore in equity shares of Nuvama Asset Management Limited to support its business activities and mutual fund launch.

How does Nuvama plan to raise debt funds?

Nuvama's Board approved an enabling resolution to issue Non-Convertible Debentures (NCDs) worth up to ₹500 crore on a private placement basis, subject to member approval.

What is the total volume of client assets managed by Nuvama?

As of June 30, 2026, Nuvama Group oversees ₹5,36,139 crore in total client assets across its wealth, asset management, and asset services divisions.

Source: Official regulatory filings to BSE Limited and National Stock Exchange of India Limited under statutory compliance regulations.