Nuvama Wealth Q2 Net Profit Jumps 19% to Rs 304 Crore
Nuvama Wealth Management disclosed financial performance figures for the second quarter of FY27, reporting a 19% year-on-year increase in consolidated net profit to Rs 304 crore. According to financial statements released by the company, the wealth management firm had recorded a net profit of Rs 254 crore during the corresponding quarter of the previous fiscal year. Operational top-line receipts expanded 20.35 per cent, taking total revenue to Rs 1,366 crore for the July-September period compared with Rs 1,135 crore reported twelve months earlier. The financial services firm detailed its quarterly operational metrics across its core operating business divisions in an official regulatory filing. Robust transaction inflows across private wealth advisory and institutional custody operations supported overall business revenue gains throughout the second quarter.
Second-Quarter Earnings: Profit Climbs 19% on Operational Revenue Expansion
Revenue generated from the flagship wealth management division climbed 14 per cent year-on-year to reach Rs 501 crore during the July-September quarter. The asset services operational segment recorded substantial growth, with divisional revenue surging 53 per cent year-on-year to Rs 245 crore. In the capital markets business vertical, quarterly segment revenue expanded 9 per cent year-on-year to reach Rs 175 crore. Ashish Kehair, Managing Director and Chief Executive Officer of Nuvama Group, stated that operating profits grew 26 per cent year-on-year during the second quarter. Kehair noted that return on equity remained strong at 29 per cent for the comprehensive quarterly reporting period. In Q2 FY27, Nuvama Wealth Management recorded operating profit of Rs 730.21 crore, which is about 53.45% of revenue, according to Univest.
Segment Performance: Asset Services Surge 53% Alongside Wealth Management Gains
According to Kehair, wealth management continued its long-term track record of consistent compounding performance supported by record customer net inflows. The group chief executive emphasized that the asset services vertical sustained strong operational momentum across institutional market segments. Kehair observed that the capital markets unit delivered a healthy performance despite navigating a noticeably softer broader equity market environment. Total client assets under advisory and custodial oversight climbed to Rs 5.5 lakh crore at the end of the September quarter. The client asset pool marks a 25 per cent year-on-year expansion compared to asset levels recorded during the previous year.
Client Assets Reach Rs 5.5 Lakh Crore Amid High Operating RoE
The expansion in aggregate client portfolios reflects steady domestic financialization as affluent households allocate savings toward structured investment products. Sustained net inflows into managed advisory accounts reinforce profitability metrics for diversified Indian wealth management franchises. The second-quarter operational metrics demonstrate continued commercial traction across wealth advisory, custodial services, and institutional capital market solutions.