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Nuvama Wealth Management Ltd

Q4 FY25Capital Markets

Nuvama Wealth Management Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹1,744
Market cap₹30.6K Cr
P/E28.3
Updated23 Aug 2026
Read4 min read

The short version

Wealth business lending book expected to grow by about 20% YoY, targeting INR1,800-2,000 crores growth by end FY26 (Page 18). The company expects steady growth in its lending book aligned with overall business growth, targeting about 20% growth in loan book for FY '26 and FY '27.

From Nuvama Wealth Management Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Wealth business lending book expected to grow by about 20% YoY, targeting INR1,800-2,000 crores growth by end FY26 (Page 18).
  • Asset Management aiming for INR7,000-8,000 crores net flows overall in FY26, with breakeven expected around INR20,000 crores AUM, possibly by mid FY27 (Page 18).
  • Private segment net flows targeted at INR10,000-11,000 crores, implying 25-30% growth on existing INR44,000 crores ARR book (Page 15).
  • Asset Management AUM to grow minimum 20% YoY, driven by commercial real estate and public markets (Page 15).
  • Investment banking sees renewed IPO action over next 6 months if markets sustain, but 2-year prediction is uncertain (Page 19).

2 more points management made on revenue & sales performance

Profitability & Margins

See what Nuvama Wealth Management Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Investments in marketing spends to build the Nuvama brand (mentioned on Page 8).
  • Technology upgrades including modernizing key systems, APIs, and applications (Page 8).
  • Building capacity in Wealth and Private businesses, including recruitment and onboarding of Relationship Managers (Page 10).
  • Offshore expansion fully functional in Dubai, with plans to add more capacity there (Page 5).
  • Launching a private credit strategy, with team identification and closing underway, expected to be operational by Q3 or Q4 FY '26 (Page 6).
  • Commercial real estate fund first close accomplished; plans to scale the fund from INR1,700 crores to INR4,000 crores in next 2-3 quarters (Page 5).

2 more points management made on capital expenditure plans

Top-ranked in Capital Markets

Ranked on what management guided this quarter

5x potential
1BSE
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Nuvama Wealth Management Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The Investment Banking (IB) pipeline on the equity capital markets (ECM) side looks strong with 30 to 35 mandates signed, awaiting favorable market conditions and investor appetite.
  • There are about 10-15 advisory mandates, mostly sell-side, in the IB pipeline.
  • The fixed income practice shows secular growth with repeat business due to refinancing needs.
  • Despite a slowdown, the mandate creation and pipeline in IB remain extremely strong.
  • In Asset Services, significant client interest and pipeline are reported, especially after regulatory uncertainties have been addressed.

2 more points management made on order book & pipeline

Nuvama Wealth Management Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.3K Cr, net profit ₹269 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

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Frequently Asked Questions

What were Nuvama Wealth Management Ltd Q4 FY25 results?

Wealth business lending book expected to grow by about 20% YoY, targeting INR1,800-2,000 crores growth by end FY26 (Page 18). The company expects steady growth in its lending book aligned with overall business growth, targeting about 20% growth in loan book for FY '26 and FY '27.

What is Nuvama Wealth Management Ltd share price analysis?

Nuvama Wealth Management Ltd currently shows a neutral. The stock trades at a P/E of 28.3 with a market cap of ₹30,605 Cr. Investors should review the full earnings analysis for detailed insights.

Is Nuvama Wealth Management Ltd planning capital expenditure?

Investments in marketing spends to build the Nuvama brand (mentioned on Page 8).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.