NUVAMA Nuvama Wealth Management Q2 FY26 results (Jul–Sep 2025) and concall
Nuvama delivered a resilient Q2 performance characterized by strong momentum in its core Wealth and Private segments, which helped offset a significant revenue hit from the loss of a large client in the Asset Services business. Management is focused on transitioning to a recurring revenue model, with ARR assets showing a 32% CAGR over the last 30 months. Despite short-term margin pressure in the lending book due to aggressive growth and regulatory provisioning, the company expects to return to a 20-25% growth trajectory by Q4 FY26 as the Asset Services business completes its rebasing.
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What they filed
Q2 FY26: revenue down 63.6%, net profit down 85.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 516 | 385 | 218 | 422 | 188 −64% |
| EBITDA | 371 | 251 | 64 | 278 | 76 −80% |
| Net profit | 317 | 207 | 27 | 221 | 46 −85% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
