Nuvama Wealth Management Q4 Results: PAT jumps 41% YoY; ₹69 dividend announced

Nuvama Wealth Management Ltd reported a 41% year-on-year increase in profit after tax (PAT) at ₹255 crore for the fourth quarter of FY25, compared to ₹181 crore in Q4 FY24.

Consolidated revenue for the quarter rose 29% to ₹771 crore, with broad-based strength across its Wealth & Asset Management, Asset Services, and Capital Markets verticals.

The company’s Operating PAT for the full fiscal rose 65% to ₹986 crore, with annual revenue up 41% at ₹2,901 crore. Operating profit before tax margins improved to 45%, and return on equity rose to 31.5%.

Client assets stood at ₹4.3 lakh crore at the end of FY25, up 24% YoY. Wealth Management revenue grew 21% YoY to ₹398 crore, while Asset Services saw an 85% YoY surge in revenue to ₹198 crore in Q4.

Managing Director & CEO Ashish Kehair said, “Despite a slowdown in H2, our FY25 performance underscores our platform strength. We’ve seen strong flows in wealth, a breakout year in asset services, and gains in institutional equities and investment banking.”

Capital Markets also delivered a healthy 16% YoY revenue growth at ₹163 crore.

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The company’s board has also approved an interim dividend of ₹69 per equity share of face value ₹10 each for FY26.

The record date for the dividend has been set as Tuesday, June 3, 2025, with the payout expected on or before June 26, 2025, subject to applicable taxes.

Ahead of the results, shares of Nuvama Wealth Management closed marginally lower at ₹6,910.50 on the BSE, down 0.23%.