Nuvama Wealth Management’s Q1 FY26 profit after tax rose 19% to ₹264 crore
Revenue for the quarter grew 15% to ₹770 crore
Wealth management revenue increased 18% to ₹377 crore
Nuvama Wealth Management on Thursday said its consolidated profit after tax (PAT) rose 19% to ₹264 crore in the April-June period of the current fiscal.
Revenues during the first quarter of FY26 grew 15% to ₹770 crore, Nuvama said in a statement.
Revenues from the Wealth Management vertical increased 18% to ₹377 crore in the June quarter, while closing AUM (asset under management) climbed 54% to ₹11,810 crore as at the end of Q1 FY26.
"We remain confident in our differentiated value proposition, positioning us well to capture client interest and deliver sustainable, long-term growth," Ashish Kehair, MD & CEO of Nuvama Group, said.
Shares of Nuvama Wealth Management closed at ₹6,966.10 apiece, up 0.55% over the previous close on the BSE.
