Nuvama Wealth Management Q2 Results: Profit rises 19% YoY to Rs 304 crore

Nuvama Wealth Management Ltd on Friday reported 19.5 per cent rise in consolidated net profit at Rs 303.5 crore for September quarter FY27 driven by strong growth in its wealth management, asset services and capital markets spaces.

The company had logged a net profit of Rs 254 crore in the year-ago period.

Revenue from operations increased 20.35 per cent to Rs 1,366 crore in July-September FY27 from Rs 1,135 crore a year ago, the company said in a regulatory filing.


Nuvama said revenues from wealth management business climbed 14 per cent year-on-year to Rs 501 crore in the second quarter, while asset services recorded 53 per cent jump to Rs 245 crore and revenue from the capital markets space grew 9 per cent to Rs 175 crore.

"We delivered another quarter of strong performance, with Q2 operating profits growing 26 per cent YoY and RoE remaining strong at 29 per cent. 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," said Ashish Kehair, MD & CEO of Nuvama Group.

The company's client assets reached Rs 5.5 lakh crore, up 25 per cent year-on-year.