Nuvama reports strong Q1 growth with 15% revenue rise

Nuvama Wealth Management Limited reported total revenues of $90m for Q1 FY26, up 15% year-over-year, with operating PAT rising 19% to $31m. Return on equity improved to 30.3% from 29.4%.

Client assets reached $54.12bn, growing 19% year-over-year. Nuvama Wealth client assets increased 20% to $12.36bn while Nuvama Private client assets rose 17% to $25.48bn.

Asset Management AUM surged 54% to $1.38bn, and Asset Services assets under clearing and custody grew 19% to $14.89bn.