Nuvama Wealth Management on Friday reported a largely flat consolidated net profit for the quarter ended December 2025 at ₹254 crore against ₹252 crore recorded in the corresponding period last year.
On a standalone basis, the net profit increased by 3.5 per cent to 280.29 crore in Q3FY26.
The consolidated total revenue from operations rose modestly by 0.6 per cent year-on-year to ₹1,104.19 crore, compared with ₹1,034.35 crore in the December quarter of the previous financial year, reflecting stable performance amid a challenging market environment.
Steady growth
Wealth businesses continue to deliver growth, supported by healthy client flows and consistent client engagement. Asset services revenues were up by 7 per cent q-o-q, according to the company’s statement, led by improved client engagement and market share.
Going forward, we will continue to scale this platform by expanding our asset class offerings and launching new schemes, while exploring a range of strategies, including inorganic, to further grow the platform, Ashish Kehair, MD & CEO of Nuvama Group, said.
Alongside the quarterly results, the board approved the appointment of Keyur Ajmera as Group Chief Risk Officer, replacing Venkataraman Ananthakrishnan. Ananthakrishnan will transition from his current role and take on a new senior leadership position at the Nuvama Group level with effect from February 1, 2026.
The board also cleared a proposal to invest up to ₹100 crore in Nuvama Asset Management, the company’s wholly owned subsidiary, through subscription to equity shares.