{"id":177751,"date":"2026-01-26T22:40:00","date_gmt":"2026-01-27T03:40:00","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177751"},"modified":"2026-01-26T22:40:00","modified_gmt":"2026-01-27T03:40:00","slug":"nuvama-wealth-management-posts-marginal-revenue-growth-in-q3-fy26-as-wealth-business-expands","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nuvama-wealth-management-posts-marginal-revenue-growth-in-q3-fy26-as-wealth-business-expands\/","title":{"rendered":"Nuvama Wealth Management posts marginal revenue growth in Q3 FY26 as wealth business expands"},"content":{"rendered":"\n

Nuvama Wealth Management Ltd (NSE: NUVAMA \/ BSE: NUVAMA)<\/strong> reported consolidated revenue of \u20b9755 crore for the quarter ended December 2025, up 4% year-on-year, while profit after tax stood at \u20b9254 crore, rising 1% from the corresponding period a year earlier, according to its Q3 FY26 earnings release. Operating profit after tax, excluding exceptional items, was \u20b9262 crore, up 4% year-on-year. For the nine months ended December 2025, consolidated revenue increased 8% to \u20b92,297 crore, while operating PAT rose 7% to \u20b9780 crore.<\/p>\n\n\n\n

Business overview<\/h2>\n\n\n\n

Nuvama operates an integrated wealth management platform comprising wealth management, asset management, asset services, and capital markets businesses. The company reported total client assets of \u20b94.62 trillion as of the end of Q3 FY26. Wealth management accounted for the largest share of revenue, contributing 57% of total revenue in Q3 FY26. Asset management, asset services, and capital markets formed the remainder of the revenue mix.<\/p>\n\n\n\n

Financial performance<\/h2>\n\n\n\n

Total revenue rose to \u20b9755 crore in Q3 FY26 from \u20b9723 crore in Q3 FY25, while total costs increased to \u20b9404 crore from \u20b9389 crore. Operating profit before tax increased 5% year-on-year to \u20b9351 crore. Operating PAT increased to \u20b9262 crore from \u20b9252 crore, while reported PAT rose marginally to \u20b9254 crore from \u20b9252 crore. For the nine-month period, revenue increased to \u20b92,297 crore from \u20b92,130 crore, while operating PAT rose to \u20b9780 crore from \u20b9731 crore. Cost-to-income ratio stood at 55% for 9M FY26 compared with 54% in the prior year, while return on equity declined to 28.4% from 31.8%.<\/p>\n\n\n\n

Operating metrics<\/h2>\n\n\n\n

Wealth management revenue increased 18% year-on-year in Q3 FY26 to \u20b9430 crore, while asset management management fees rose 33% year-on-year. \u00a0Asset services revenue stood at \u20b9172 crore, while capital markets revenue declined 21% year-on-year to \u20b9138 crore. Client assets in the wealth business stood at \u20b93.29 trillion, while asset management AUM was \u20b912,605 crore. Asset services client assets were \u20b91.20 trillion.<\/p>\n\n\n\n

Key developments<\/h2>\n\n\n\n

The company received in-principle approval to act as a sponsor for a mutual fund in October 2025 and plans to launch schemes subject to regulatory approvals. The asset management business reported commercial real estate strategy AUM of around \u20b92,950 crore, representing a 72% year-on-year increase. Nuvama declared a dividend of \u20b914 per share in November 2025 and completed a share subdivision in December 2025.<\/p>\n\n\n\n

Risks and constraints<\/h2>\n\n\n\n

The company noted that its performance remains influenced by capital market conditions, investor flows, regulatory developments, and client activity across wealth and capital markets businesses.
<\/p>\n\n\n\n

Outlook and commentary<\/h2>\n\n\n\n

Management stated that the diversified platform has improved resilience and positioned the company to scale across business segments, while capital markets volumes remained moderated during the quarter.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Nuvama Wealth Management Ltd (NSE: NUVAMA \/ BSE: NUVAMA) reported consolidated revenue of \u20b9755 crore for the quarter ended December 2025, up 4% year-on-year, while profit after tax stood at \u20b9254 crore, rising 1% from the corresponding period a year earlier, according to its Q3 FY26 earnings release. Operating profit after tax, excluding exceptional items, […]<\/p>\n","protected":false},"author":2390,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1941,1],"tags":[14770,14767,14773,14772,14580,14496,14774,14764,14769,14768,14771,14765,14763,14559,14766],"class_list":["post-177751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-stock-analysis","category-finance-stocks","tag-asset-management-india","tag-bse-nuvama","tag-capital-markets-india","tag-client-assets-growth","tag-corporate-earnings-india","tag-indian-stock-market","tag-nse-nuvama","tag-nuvama","tag-nuvama-earnings","tag-nuvama-q3-fy26","tag-nuvama-results","tag-nuvama-wealth-management","tag-nuvama-wealth-management-ltd","tag-quarterly-results-india","tag-wealth-management-india"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":177758,"url":"https:\/\/alphastreet.com\/india\/nuvama-wealth-management-diversification-across-wealth-asset-management-and-capital-markets-shapes-earnings-profile-in-q3-fy26\/","url_meta":{"origin":177751,"position":0},"title":"Nuvama Wealth Management: diversification across wealth, asset management and capital markets shapes earnings profile in Q3 FY26","author":"Staff Correspondent","date":"January 26, 2026","format":false,"excerpt":"Nuvama Wealth Management Ltd (NSE: NUVAMA \/ BSE: NUVAMA) continues to operate a diversified financial services platform spanning wealth management, asset management, asset services and capital markets, with its Q3 FY26 results reflecting differentiated performance across business lines rather than uniform growth across segments. 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