Net Profit: ₹2.7B vs ₹2.5B YoY → +8% growth
Revenue: ₹12.67B vs ₹11.2B YoY → +13% growth
🔎 Fundamentals
Growth driven by strong performance in wealth advisory & asset management.
Expanding client base in HNI and ultra-HNI segments.
Steady improvement in fee-based income, reducing reliance on trading revenues.
💼 Business Focus
Strengthening digital platforms for wealth management.
Expanding alternative investment products and private equity offerings.
Focus on long-term annuity income streams through advisory services.
⚠️ Risks
Market volatility could impact AUM growth.
Regulatory changes in financial services may affect product offerings.
Competition from global and domestic wealth managers.
📈 Outlook
Strong revenue visibility from advisory and asset management.
Diversification into alternative investments adds resilience.
Nuvama remains well-positioned to capture India’s growing wealth management market.