News ArticleNuvama Wealth Management Q2 FY27 PAT Up 26% to ₹319 Crore with Client Assets Reaching ₹5.5 Trillion
Company approves investments totaling up to ₹700 crore in wholly owned subsidiaries Nuvama Wealth Finance and Nuvama Wealth and Investment Limited
Nuvama Wealth Management Limited reported a 26% year-on-year increase in Q2 FY27 profit after tax to ₹319 crore, driven by a 25% rise in client assets to ₹5.5 trillion. Wealth Management profits grew 22% YoY with record net flows, while Asset Services and Capital Markets profits rose 34% YoY. The company also approved investments totaling up to ₹700 crore in its wholly owned subsidiaries.
Nuvama Wealth Management Limited
Acquisition / Amalgamation / Merger / Demerger
Nuvama Wealth Management Limited posted a 26% year-on-year increase in profit after tax (PAT) to ₹319 crore for the quarter ended September 30, 2026, underpinned by robust growth in its wealth management and asset services segments, as client assets rose 25% to ₹5.5 trillion.
The company's consolidated revenues for Q2 FY27 were ₹937 crore, up 21% year-on-year, with operating profit after tax rising 26% to ₹319 crore. For the half-year ended September 30, 2026, PAT increased 21% year-on-year to ₹625 crore.
Wealth Management profits grew 22% year-on-year to ₹184 crore in Q2 FY27, driven by record net flows and improved cost efficiencies with the cost-to-income ratio improving by 200 basis points to 63%. Client assets in wealth management stood at ₹3,71,129 crore, up 16% year-on-year.
Asset Services and Capital Markets reported a combined profit before tax of ₹259 crore in Q2 FY27, up 34% year-on-year, supported by a 55% increase in client assets to ₹1,63,835 crore. Capital Markets revenue grew 9% year-on-year, and Asset Services revenue surged 53% year-on-year.
The company also approved investments of up to ₹400 crore in Nuvama Wealth Finance Limited and up to ₹300 crore in Nuvama Wealth and Investment Limited, both wholly owned material subsidiaries, across one or more tranches.
Nuvama's Consolidated Performance showed revenues of ₹1,846 crore in H1 FY27, up 20% year-on-year, and operating profit after tax of ₹625 crore, increasing 21% year-on-year.
Highlights
- Q2 FY27 PAT reaches ₹319 crore, up 26% YoY; H1 FY27 PAT at ₹625 crore, up 21% YoY
- Client assets increase 25% YoY to ₹5.5 trillion as of September 30, 2026
- Wealth Management profit before tax grows 22% YoY to ₹184 crore in Q2 FY27
- Asset Services and Capital Markets profit before tax rise 34% YoY to ₹259 crore in Q2 FY27
- Approved investments up to ₹400 crore in Nuvama Wealth Finance Limited and ₹300 crore in Nuvama Wealth and Investment Limited
Key Data Snapshot
What happened
- Nuvama Wealth Management reported a 26% year-on-year increase in Q2 FY27 profit after tax to ₹319 crore.
- Client assets increased 25% year-on-year to ₹5.5 trillion as of September 30, 2026.
- The company approved investments of up to ₹400 crore in Nuvama Wealth Finance Limited and up to ₹300 crore in Nuvama Wealth and Investment Limited.
- Operating profit after tax for the half year ended September 30, 2026, was ₹625 crore, a 21% increase year-on-year.
Financial performance
- Consolidated revenues for Q2 FY27 were ₹937 crore, up 21% year-on-year.
- Wealth Management segment profits before tax grew 22% year-on-year to ₹184 crore in Q2 FY27.
- Asset Services and Capital Markets segment profit before tax rose 34% year-on-year to ₹259 crore in Q2 FY27.
- Cost-to-income ratio improved by 200 basis points to 63% in the Wealth Management segment.
- Nuvama Wealth segment delivered highest-ever quarterly net new money (NNM) of ₹3,289 crore in Q2.
Key details
- Wealth Management client assets stood at ₹3,71,129 crore, a 16% increase year-on-year.
- Asset Services client assets grew 55% year-on-year to ₹1,63,835 crore.
- Capital Markets revenue grew 9% year-on-year and Asset Services revenue grew 53% year-on-year in Q2 FY27.
- The company received SEBI approval to launch the Specialized Investment Fund (Numa SIF) platform.
Strategic context
- Nuvama emphasizes the strength of its integrated wealth management platform fostering diversified growth across business segments.
- Investments in subsidiaries are planned to support future expansion and deepen the company's ecosystem.
- The company remains focused on building a sustainable institution serving clients, employees, and shareholders.
Highlights
- Q2 FY27 PAT reaches ₹319 crore, up 26% YoY; H1 FY27 PAT at ₹625 crore, up 21% YoY
- Client assets increase 25% YoY to ₹5.5 trillion as of September 30, 2026
- Wealth Management profit before tax grows 22% YoY to ₹184 crore in Q2 FY27
- Asset Services and Capital Markets profit before tax rise 34% YoY to ₹259 crore in Q2 FY27
- Approved investments up to ₹400 crore in Nuvama Wealth Finance Limited and ₹300 crore in Nuvama Wealth and Investment Limited
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
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