Date: July 30, 2026

Financial Results (Consolidated)

Q1 FY27 Performance (₹ crore):

  • Revenue: ₹909 crore, up 18% YoY from ₹770 crore in Q1 FY26
  • Costs: ₹501 crore, up 19% YoY from ₹421 crore
  • Employee Costs: ₹371 crore, up 17% YoY from ₹316 crore
  • Operating Costs: ₹131 crore, up 24% YoY from ₹105 crore
  • Profit After Tax: ₹306 crore, up 16% YoY from ₹264 crore (highest ever quarterly profit)
  • Return on Equity: 29.5% in Q1 FY27 compared to 30.3% in Q1 FY26
  • Cost to Income Ratio: 55%

Business Segment Wise Performance (PBT ₹ crore):

  • Wealth Management: ₹149 crore, up 20% YoY from ₹124 crore
  • Asset Services and Capital Markets: ₹269 crore, up 19% YoY from ₹225 crore

Business Segment Highlights

Wealth Management:

  • Revenues: ₹447 crore, grew 19% YoY
  • Client Assets: ₹3,63,892 crore, grew 12% YoY

Nuvama Wealth (Affluent and HNI segment):

  • Revenues: ₹250 crore, grew 13% YoY
  • PBT: ₹90 crore, grew 19% YoY
  • MPIS revenues grew 20% YoY
  • MPIS Assets: ₹42,795 crore, grew 32% YoY
  • Highest ever quarterly MPIS Net New Money: ₹3,044 crore (8% of opening MPIS assets)
  • Loan book crossed ₹5,000 crore

Nuvama Private (UHNI segment):

  • Revenues: ₹198 crore, grew 27% YoY
  • PBT: ₹59 crore, grew 22% YoY
  • ARR revenues grew 14% YoY
  • ARR NNM: ₹1,083 crore; underlying flows over ₹1,800 crore excluding select low cost mandates
  • Client assets: ₹2,40,197 crore, grew 10% YoY
  • ARR earning assets: ₹58,521 crore, grew 21% YoY

Asset Management:

  • Management fee: ₹22 crore, grew 24% YoY
  • Closing AUM: ₹13,261 crore, grew 12% YoY
  • Achieved final close of PRIME fund (CRE Strategy) at ₹4,000 crore (initial target ₹3,000 crore)
  • Secured SEBI's final approval for mutual fund license

Asset Services and Capital Markets:

  • Asset Services revenues grew 34% YoY
  • Capital Markets revenues remained flat YoY
  • Fixed Income grew more than 2x YoY
  • Client Assets (Asset Services): ₹1,58,986 crore, grew 25% YoY

Client Assets Overview

Total Client Assets reached ₹5,36,139 crore, crossing ₹5 lakh crore milestone:

  • Nuvama Wealth: ₹1,23,695 crore (up 17% YoY)
  • Nuvama Private: ₹2,40,197 crore (up 10% YoY)
  • Asset Management AUM: ₹13,261 crore (up 12% YoY)
  • Asset Services: ₹1,58,986 crore (up 25% YoY)

Dividend Declaration

  • Dividend of ₹14 per share declared in May 2026
  • Consistent dividend payout: ~49% of annual operating profits for FY26
  • Dividend history: ₹14 (Nov'25), ₹13.8 (May'25), ₹12.6 (Oct'24), ₹16.3 (Jul'24)

Capital Management

  • Net Worth: ₹4,190 crore as of June 30, 2026
  • Focus on disciplined capital management to maximize profitability and RoE
  • Capital management principles include driving organic growth, building flexible balance sheet, and returning capital to shareholders

Strategic Updates

  • Continued investment in talent, technology, and client proposition enhancements
  • Progress in newer initiatives including offshore wealth and AI-enabled productivity tools
  • Launched 'Pinnacle' - exclusive wealth stewardship platform for UHNI clients
  • Strengthened franchise with 'The Exceptionals' platform
  • Initiated regulatory approval process for launching SIF strategies

ESG Initiatives

  • 56% of total energy consumed sourced from renewable energy
  • Gender diversity: 26.5% overall, 13% for senior management, 12.5% for Board
  • CSR reached over 85,000+ direct beneficiaries in FY26
  • BRSR report completed for FY26 with assurance on ESG core principles
  • Zero cases of environmental non-compliance, corruption, or data privacy breaches

Awards and Recognition (Q1 FY27)

  • Best Specialist Private Bank - India (Global Private Banking Innovation Awards 2026)
  • Best Product Innovation: Highly Acclaimed
  • Outstanding Marketing Campaign by a Private Bank - India
  • Private Banking Operation (India) - WealthBriefingAsia Awards 2026
  • Best Use of AI/ML in Application Security

Corporate Governance

Board of Directors includes:

  • Birendra Kumar (Chairperson & Independent Director)
  • Ashish Kehair (Managing Director and CEO)
  • Shiv Sehgal (Executive Director)
  • Nikhil Srivastava (Non-Executive Nominee Director)
  • Aswin Vikram (Non-Executive Nominee Director)
  • Anisha Motwani (Independent Director)
  • Sameer Kaji (Independent Director)
  • Kamlesh S. Vikamsey (Independent Director)