Nuvama reports 19% profit growth in Q1

Nuvama Wealth Management Limited reported consolidated client assets rose 19% year-over-year to INR4.6 lakh crores in Q1 FY'26. Revenue grew 15% to INR770 crores, while operating PAT increased 19% to INR264 crores, achieving ROE exceeding 30%.

Managed Products and Investment Solutions drove growth with net flows of INR2,300 crores and 59% revenue growth, now comprising 55% of wealth business revenue. Asset Management AUM expanded 54% to INR11,800 crores.