The company noted that its asset services experienced robust growth, achieving record profits both quarterly and annually, while its asset management segment continued to expand steadily. The performance in capital markets reflected overall market trends, with the fixed income division showing substantial growth.
In the wealth management sector, Q4 revenue surged 19% year-on-year to ₹474 crore, while FY26 revenue rose 20% to ₹1,718 crore. Profit before tax from this segment saw a 23% increase to ₹158 crore in Q4FY26 and also grew 23% to ₹585 crore for FY26. Client assets were recorded at ₹3,13,787 crore at the close of Q4FY26, which is a 7% year-on-year increase.
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For Nuvama Wealth, Q4 revenue rose by 16% to ₹250 crore, while FY26 revenue increased by 18% to ₹960 crore, driven by growth in MPIS and increased activity in the lending sector. Profit before tax jumped 26% year-on-year to ₹83 crore in Q4FY26 and 22% to ₹330 crore for FY26. In FY26, net flows from MPIS amounted to ₹8,920 crore, reflecting a 38% year-on-year increase.
Nuvama Private recorded a 22% increase in Q4 revenue to ₹224 crore, while FY26 revenue grew by 24% to ₹758 crore, fueled by 32% year-on-year growth in ARR revenues. Profit before tax for Q4FY26 increased by 21% to ₹75 crore, and for FY26 it rose 24% to ₹256 crore, with ARR net flows for FY26 reaching ₹9,630 crore.
In the asset management field, management fee income grew by 34% year-on-year to ₹22 crore in Q4FY26 and climbed 31% to ₹77 crore for FY26. As of the end of FY26, closing assets under management were ₹12,807 crore, marking a 13% year-on-year increase.
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The company reported that asset services revenue increased by 12% year-on-year in FY26, whereas capital markets revenue experienced a decline of 19%. Within capital markets, fixed income revenue rose by 34% year-on-year, bolstered by enhanced distribution and coverage capabilities.
Profit before tax from both asset services and capital markets totaled ₹205 crore in Q4FY26, a decrease of 5% year-on-year, while FY26 profit before tax dipped 3% to ₹830 crore. Client assets from asset services reached ₹1,25,954 crore at the end of Q4FY26.
Ashish Kehair, MD and CEO of Nuvama Group, remarked, “FY26 presented challenges across various fronts: macroeconomic uncertainties, volatile markets, evolving regulatory landscapes, and increasing competition.
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Thanks to disciplined execution and a strong focus on clients, we achieved consistent growth. Beyond immediate market cycles, our integrated and diversified platform has repeatedly showcased its resilience, with each business unit delivering a profit CAGR of 20% or higher over 2, 3, and 4-year timeframes.”
The board has approved an interim dividend of ₹14 per equity share of face value ₹2 each for FY27, with May 15, 2026, set as the record date. The dividend will be disbursed by June 9, 2026, subject to applicable taxes.
Nuvama Wealth Management Ltd’s shares concluded at ₹1,595.75, a decline of ₹35.50, or 2.18%, on the BSE.
