Nuvama Wealth Management Q2 FY2026-27 Results: Net Profit Rises 19% To ₹304 Crore As Revenue Climbs 21%

Nuvama Wealth Management reported a consolidated net profit of ₹304 crore for the September quarter, compared with ₹254 crore in Q2 FY26, marking a 19% year-on-year increase. Revenue for the quarter stood at ₹937 crore, a rise of 21%. Operating PAT (Profit After Tax) came in at ₹319 crore, higher by 26% year on year.

The company’s revenue for the first six months of FY27 rose 20% to ₹1,846 crore. Operating PAT was up 21% at ₹625 crore. Reported profit was lower than operating PAT in Q2 due to a one-time charge of ₹16 crore. This was linked to the pre-closure of the Venture Debt Fund within its Asset Management business.

Nuvama Wealth Management share price was trading at ₹1,866.80 on 9 November 2026, down ₹14.20, or 0.75%, at 1:05 pm IST, as investors tracked the company’s Q2 FY27 performance.

How Did Nuvama's Business Segments Do in Q2 FY27?

Wealth Management remained the largest contributor to revenue, bringing in ₹501 crore, up 14% YoY. Its profit before tax (PBT) increased 22% to ₹184 crore. Client assets in the segment stood at ₹3,71,129 crore, a 16% rise from a year earlier.

Within the business, Nuvama Wealth reported revenue of ₹275 crore, up 14% YoY, and PBT of ₹102 crore, higher by 21%. Its cost-to-income ratio improved by 200 basis points YoY to 63%. The business also recorded its highest-ever quarterly managed products and investment solutions (MPIS) net new money (NNM) of ₹3,289 crore.

Nuvama Private posted revenue of ₹226 crore, a 15% increase, while PBT rose 24% to ₹82 crore. Annual recurring revenue (ARR) grew 60% YoY in the quarter and accounted for 68% of its total revenue. The business recorded quarterly ARR net new money of ₹4,986 crore, its highest so far.

Asset Management reported management fees of ₹17 crore, down 2% YoY. Its closing assets under management (AUM) stood at ₹12,000 crore, up 1%. The company received SEBI approval to launch its Specialised Investment Fund platform, Numa SIF. It also plans to introduce products across private credit, commercial real estate and SIF in the second half of FY27.

Asset Services revenue rose 53% YoY to ₹245 crore, while Capital Markets revenue increased 9% to ₹175 crore. Combined PBT for the two businesses grew 34% to ₹259 crore. Asset Services client assets under clearing and custody reached ₹1,63,835 crore, up 55% YoY. Capital Markets also reported 57% growth in fixed income revenue during Q2.

What Were Nuvama's Growth and Client Asset Figures?

Nuvama's total client assets reached ₹5,46,964 crore at the end of September 2026, up 25% YoY. This included ₹1,29,177 crore in Nuvama Wealth, ₹2,41,952 crore in Nuvama Private and ₹1,63,835 crore in Asset Services. Asset Management reported AUM of ₹12,000 crore.

Nuvama reported a return on equity of 28.9% for Q2 FY27, compared with 27.7% in the year-ago quarter. Its cost-to-income ratio improved to 54% from 57% a year earlier.

The company said its focus remains on expanding its wealth management business, growing ARR assets and income, scaling Asset Management, and increasing assets under clearing and custody. Its H2 FY27 product pipeline includes launches in commercial real estate, private credit and SIF.

Source:

Nuvama Wealth Management Investor Presentation

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