Markets India

Nuvama Wealth Management Ltd reported a 19% year-on-year jump in net profit to Rs 303.5 crore for Q2 FY27, driven by 20.35% revenue growth and 25% expansion in client assets, according to ET Markets.

Nuvama Wealth Management Posts 19% Profit Surge to Rs 304 Crore in Q2

Nuvama Wealth Management Ltd delivered robust Q2 results, with consolidated net profit rising 19% to Rs 303.5 crore, outpacing the Rs 254 crore recorded in the same period last year. Revenue from operations surged 20.35% to Rs 1,366 crore, fueled by strong performance in wealth management, asset services, and capital markets. Client assets expanded to Rs 5.5 lakh crore, a 25% increase from Rs 4.4 lakh crore in Q2 FY26.

The company's wealth management segment saw 14% YoY revenue growth to Rs 501 crore, while asset services revenue jumped 53% to Rs 245 crore. Capital markets revenue grew 9% to Rs 175 crore, contributing to a 29% return on equity (RoE) in the quarter. These gains underscore Nuvama's diversified revenue streams and operational efficiency.

Analysts note that the 25% client asset growth signals expanding market share, but the 9% capital markets revenue growth amid a softer market environment raises questions about sector-specific challenges. The results reinforce Nuvama's competitive position in India's wealth management sector, though sustainability of capital markets performance remains a key watchpoint.

Nuvama's strong Q2 performance highlights its growth potential, but the outlook for capital markets revenue growth in a challenging environment remains uncertain.

Topics: Finance, India Markets, Wealth Management, Capital Markets, Asset Services, Return On Equity

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Source: ET Markets