In a significant milestone, Nuvama Wealth Management Limited, a leading integrated wealth management firm in India, has announced its robust performance for the third quarter and nine months ended December 31, 2025 (Q3 FY26 and 9M FY26). The company’s impressive results underscore its resilience and strategic strength, showcasing consistent growth across its core businesses.
Nuvama’s diversified platform has proven to be a significant growth driver, with the company posting total revenues of ₹755 crore for Q3 FY26, marking a 4% year-on-year (YoY) increase. The operating profit after tax (Operating PAT) for the quarter stood at ₹262 crore, reflecting a healthy 4% YoY growth. For the nine-month period, total revenues reached ₹2,297 crore, an 8% YoY increase, with Operating PAT climbing to ₹780 crore, up 7% YoY.
## Wealth Management Business Leads the Way
The company’s wealth management business was a significant growth driver, with revenue growing by an impressive 21% YoY and profit before tax (PBT) expanding by 23% YoY. This strong showing was supported by healthy client flows and consistent client engagement across its offerings. The Asset Services segment also demonstrated solid growth, with revenues increasing by 7% quarter-on-quarter (QoQ), driven by improved client engagement and market share gains.
## Diversified Business Model Proves Resilient
While Capital Markets experienced some moderation in revenue during the quarter, the overall performance remained steady, reinforcing the benefits of Nuvama’s integrated and diversified business model. The company’s total client assets reached an impressive ₹4,61,954 crore as of Q3 FY26, reflecting a 2% YoY increase, further solidifying its position in the market.
As Nuvama continues to capitalize on India’s evolving wealth landscape, its impressive Q3 FY26 results serve as a testament to its strategic strength and diversified platform. With a strong performance in core businesses and a resilient business model, the company is well-positioned to navigate the complexities of the Indian wealth management market.
As of December 31, 2025, Nuvama’s financial performance is reflected in the following key metrics:
* Total Revenue: ₹755 crore (Q3 FY26), ₹723 crore (Q3 FY25), ₹2,297 crore (9M FY26), ₹2,130 crore (9M FY25)
* Total Costs: ₹404 crore (Q3 FY26), ₹389 crore (Q3 FY25), ₹1,262 crore (9M FY26), ₹1,155 crore (9M FY25)
* Operating PBT: ₹351 crore (Q3 FY26), ₹333 crore (Q3 FY25), ₹1,035 crore (9M FY26), ₹975 crore (9M FY25)
* Operating PAT: ₹262 crore (Q3 FY26), ₹252 crore (Q3 FY25), ₹780 crore (9M FY26), ₹731 crore (9M FY25)
* Profit after Tax (incl. exceptional items): ₹254 crore (Q3 FY26), ₹252 crore (Q3 FY25), ₹772 crore (9M FY26), ₹731 crore (9M FY25)
* Cost to Income: 53% (Q3 FY26), 54% (Q3 FY25), 55% (9M FY26), 54% (9M FY25)
* Return on Equity: 27.4% (Q3 FY26), 32.3% (Q3 FY25), 28.4% (9M FY26), 31.8% (9M FY25)
Nuvama’s impressive Q3 FY26 results demonstrate the company’s ability to navigate the complexities of the Indian wealth management market and capitalize on its diversified platform. With its strong performance in core businesses and a resilient business model, Nuvama is well-positioned to continue its growth trajectory in the coming quarters.
