Nuvama Wealth Q4 profit up 5% on strong wealth, asset services growth; declares ₹14 dividend

Financial services company Nuvama Wealth Management Ltd on Monday (May 11) reported a 5.3% year-on-year rise in net profit to ₹269 crore for Q4FY26, compared with ₹255.41 crore in the corresponding quarter last year. Revenue increased 13.9% year-on-year to ₹1,281 crore from ₹1,124.79 crore a year earlier.

The company said asset services maintained strong momentum with record quarterly and annual profits, while its asset management business continued to scale steadily. Capital markets performance remained aligned with broader market trends, with the fixed income franchise recording strong growth.

In the wealth management business, Q4 revenue rose 19% year-on-year to ₹474 crore, while FY26 revenue increased 20% to ₹1,718 crore. Profit before tax from the segment grew 23% to ₹158 crore in Q4FY26 and rose 23% to ₹585 crore for FY26. Client assets stood at ₹3,13,787 crore at the end of Q4FY26, up 7% year-on-year.

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Under Nuvama Wealth, Q4 revenue increased 16% to ₹250 crore, while FY26 revenue rose 18% to ₹960 crore, supported by growth in MPIS and traction in the lending business. Profit before tax grew 26% year-on-year to ₹83 crore in Q4FY26 and 22% to ₹330 crore in FY26. FY26 net flows from MPIS stood at ₹8,920 crore, up 38% year-on-year.

Nuvama Private reported a 22% increase in Q4 revenue to ₹224 crore, while FY26 revenue rose 24% to ₹758 crore, driven by ARR revenues, which grew 32% year-on-year during the year. Profit before tax increased 21% to ₹75 crore in Q4FY26 and 24% to ₹256 crore in FY26. ARR net flows for FY26 stood at ₹9,630 crore.

In asset management, management fee income rose 34% year-on-year to ₹22 crore in Q4FY26 and increased 31% to ₹77 crore in FY26. Closing assets under management stood at ₹12,807 crore at the end of FY26, up 13% year-on-year.

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The company said asset services revenue rose 12% year-on-year in FY26, while capital markets revenue declined 19%. Fixed income revenue within the capital markets business grew 34% year-on-year, supported by expanded distribution and coverage capabilities.

Profit before tax from asset services and capital markets stood at ₹205 crore in Q4FY26, down 5% year-on-year, while FY26 Profit Before Tax declined 3% to ₹830 crore. Client assets under asset services stood at ₹1,25,954 crore at the end of Q4FY26.

Ashish Kehair, MD and CEO of Nuvama Group, said, "FY26 tested us across multiple fronts: macro uncertainty, volatile markets, evolving regulatory actions, and heightened competition.

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Through disciplined execution and strong client focus, we delivered resilient growth. Beyond near-term market cycles, our integrated and diversified platform has consistently demonstrated its strength, with each business delivering a profit CAGR of 20% or above, across 2, 3, and 4-year horizons."

The board approved an interim dividend of ₹14 per equity share of face value ₹2 each for FY27 and fixed May 15, 2026, as the record date. The dividend will be paid on or before June 9, 2026, subject to applicable taxes.

Shares of Nuvama Wealth Management Ltd ended at ₹1,595.75, down by ₹35.50, or 2.18%, on the BSE.