Wealth First Portfolio Managers Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Wealth First Portfolio Managers reported FY25 consolidated revenue of INR60.1 Cr, down from INR67 Cr in FY24, while core business revenue rose 40% to INR58.3 Cr. PAT fell to INR34.1 Cr due to treasury losses and a INR1.5 Cr cyber fraud exceptional item. AUA grew 14.9% to INR11,623 Cr, with retail clients comprising 80%. The firm emphasizes a no-sales-target culture and plans to launch its own AMC to introduce innovative products. Management aims to double AUM in three years, focusing on steady growth, with selective inorganic expansion and geographic reach beyond Gujarat. Dividend payout was ~50%. Investor sentiment is cautious but client acquisition and net sales are above industry averages.