Company Overview
Wealth First Portfolio Managers Limited (BSE: 544536, NSE: WEALTH) reported strong financial performance for FY 2025-26 with revenue from operations of ₹68.4 crore (28.57% increase from FY25) and profit after tax of ₹38.3 crore (12.3% increase from FY25). The company operates in financial services including wealth management, stock broking, and distribution of mutual fund schemes.
Financial Performance
Standalone Results: Revenue from operations reached ₹633.97 million (21.6% YoY growth), total revenue ₹691.00 million (17.2% growth), and net profit ₹402.30 million (19.3% growth). EPS stood at ₹37.76 compared to ₹31.63 in FY25.
Consolidated Results: Total revenue ₹710.89 million (18.4% growth) and net profit ₹382.83 million (12.1% growth). Assets under administration grew to ₹12,157 crore with trail-based AUM of ₹5,558 crore. Client base expanded to 21,746 clients across 6,889 families.
Strategic Developments
The company received SEBI approval for Lakshya Asset Management Private Limited, investing ₹41 crore for a 69.7% stake. It also obtained IRDAI license for Wealthshield Insurance Brokers, which saw 30.1% growth in insurance premium book to ₹78 crore.
Wealth First announced acquisition of Mumbai-based Wealth First Advisors Private Limited for ₹52.10 crore (51% cash and share swap initially, remaining 49% after March 2029), which will expand combined AUM to nearly ₹9,000 crore and establish strong Mumbai presence.
Dividend & Corporate Actions
The board declared three interim dividends of ₹4 per share each and proposed a final dividend of ₹1 per share, totaling ₹13 per share for FY26. Total dividend outflow amounts to approximately ₹181.13 million.
Audit & Compliance
Independent auditors Jaimin Deliwala & Co. issued unqualified opinions on both standalone and consolidated financial statements with no key audit matters identified. The company maintained compliance with SEBI Listing Regulations and Companies Act requirements. Company Secretary certification confirmed corporate governance compliance.
Tax & Litigation
The company disclosed ₹6.47 million in disputed income tax liabilities and ₹1.01 million GST dispute, but management believes the possibility of economic outflow is remote based on legal advice.
Capital Structure & Subsidiaries
Authorized share capital stands at ₹11 crore with paid-up capital of ₹10.655 crore. The company seeks approval to increase authorized capital to ₹12 crore. Key subsidiaries include Wealth First Investment Advisers, Wealthshield Insurance Brokers, Lakshya Asset Management (69.7%), and Lakshya Trustee.
Subsequent Events
The board proposed final dividend of ₹1 per share subject to shareholder approval, with record date set for 17th September 2026. The 24th Annual General Meeting is scheduled for 24th September 2026.