Mumbai, July 31: Equirus Securities has released its quick take on Nuvama Wealth Management’s results for the first quarter of FY27, highlighting a strong performance across Investment & Institutional Equities/Investment Banking (IE/IB) and Asset Services, which helped drive a beat on both revenue and profit after tax (PAT).
The company’s robust performance in key business segments supported overall earnings momentum during the quarter. The strong contribution from IE/IB and Asset Services reflects continued traction across its diversified wealth and financial services franchise.
Operational efficiency also improved during the quarter, with the overall cost-to-income (C/I) ratio declining to 55.1%, compared with 57.9% quarter-on-quarter (QoQ). The improvement indicates better operating leverage and reflects the company’s ability to manage costs while sustaining growth across its core businesses.
According to Equirus Securities, the combination of healthy revenue growth, improved profitability and stronger cost efficiency provides a positive read-through for Nuvama Wealth’s operating performance. The performance of IE/IB and Asset Services remains a key factor to monitor, alongside the sustainability of operating leverage in the coming quarters.
Key Highlights:
- Strong performance in IE/IB and Asset Services drove the revenue and PAT beat.
- Overall C/I ratio improved to 55.1% from 57.9% QoQ.
- Improved operating efficiency supported profitability.
- Continued performance across core businesses remains important for sustaining earnings momentum.