Nuvama Wealth Management Limited — Investor Meet, 04-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Nuvama Wealth Management posted a strong FY25 with client assets up 24%, revenue rising 41%, and PAT soaring 65% to INR986 Cr. ROE jumped to 31.5%. Wealth business drove INR6,500 Cr net new money, while Private segment grew assets by 33% with INR10,000 Cr flows. Asset Management AUM surged 62% to INR11,300 Cr, and Asset Services revenue grew 85%. Capital markets remained steady with a strong fixed income pipeline. Cost-income ratio improved to 56%, with further gains expected in FY26. Management is focused on RM capacity, tech upgrades, and hitting core net flows of ~INR23,000-24,000 Cr, signaling confident, diversified growth.