Nuvama Wealth Management Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Nuvama Wealth reported Q2 revenue of INR772 Cr (+4% YoY) and PAT of INR254 Cr, achieving ~28% ROE. Wealth & Private businesses now contribute 57% of revenue and 45% of PAT. An interim dividend of INR70 per share was announced, and the Board decided on a 1:5 stock split.

Management highlighted a resilient Q2, driven by its diversified platform and strong new client acquisition. Strategic focus on managed products and recurring assets continues, with Private ARR assets crossing INR50,000 Cr. Asset Services is recovering, expecting full revenue recovery by Jan-Feb. The firm anticipates launching its SIF (Mutual Fund) vehicle by April 2026, targeting a wider market with a lower INR10 lakh ticket size. Overall, the outlook is confident on maintaining a strong growth trajectory.