Nuvama Wealth Management Limited reported its financial results for the fiscal year ended 31 March 2025, registering a PAT growth of 65 percent year-over while consolidated revenue grew 41 percent.
For FY25, the company’s operating profit after tax (PAT) grew 65 percent year-on-year (YoY) to Rs 986 crore and consolidated revenues rose 41 percent YoY to Rs 2,901 crore. Client assets reached Rs 4.3 trillion at the end of the fiscal year, growing 24 percent compared to the previous year.
The board also declared a dividend of Rs 69 per share.
The company’s Wealth and Asset Management segment saw revenues grow 20 percent YoY for FY25, with client assets rising 18 percent YoY to Rs 2.93 trillion.
Within Wealth Management, Nuvama Wealth reported Q4 revenues of Rs 215 crore, up 17% YoY, while Nuvama Private recorded Rs 183 crore, a 24 percent YoY rise. Net flows for Nuvama Wealth’s managed products and fixed income grew, with FY25 net flows at Rs 6,460 crore. Nuvama Private’s annual recurring revenue flows increased 52% YoY to RS 10,097 crore.
The company added 12 relationship managers during the year and expanded its offshore presence with operations now fully functional in Dubai and regulatory approval for Singapore.
Asset Services delivered significant growth, with Q4 revenues up 85 percent YoY to Rs 198 crore, supported by both foreign and domestic institutional investors. The Capital Markets segment reported revenues of Rs 163 crore in Q4, up 16 percent YoY despite some market softness.
Overall, profit before tax for Capital Markets and Asset Services combined rose 127% YoY to Rs 855 crore for FY25.
Nuvama plans to continue investing in capacity, digital infrastructure, and geographic expansion to support future growth.
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