Nuvama Clearing Services delivered exceptional financial performance in Q1 FY27, achieving a record quarterly profit of ₹306 crore, representing a 16% year-on-year growth from the previous year. The company's board on July 30, 2026, approved a significant strategic move by acquiring an additional 26% stake in Pickright Technologies, making it a wholly owned subsidiary. This acquisition, announced alongside Q1 FY27 results, demonstrates the company's continued expansion strategy and strengthening of its technology capabilities. The company's consolidated revenue from operations surged to ₹1,376.22 crore from ₹1,122.65 crore in Q1 FY26, while client assets exceeded ₹5.36 lakh crore, reflecting robust growth across all business lines.
The company's diversified business model showed strong performance across segments, with Wealth Management contributing 49% of total revenues and Asset Management revenues growing 24% year-on-year. Asset Services revenue increased 34% year-on-year, though management expects growth to moderate but remain above 20-25% for the full year. Net new money inflows hit record highs with ₹3,000 crore for Nuvama Wealth and ₹1,800 crore for Nuvama Private ARR. The company's operating profit margin (OPM) improved significantly to 83.92% from 91.49% in the previous year, indicating enhanced operational efficiency despite the revenue contraction. Basic EPS for the quarter was ₹16.78 with diluted EPS at ₹16.34.
Alongside the Pickright acquisition, Nuvama's board approved raising up to ₹500 crore through non-convertible debentures (NCDs) to fund future growth initiatives. The company also announced plans to invest up to ₹100 crore in Nuvama Asset Management, expanding its presence in the asset management sector. These capital decisions, announced alongside the strong Q1 results, position the company for continued growth and strategic expansion across multiple business verticals. The company's ROE remains near 30%, among the highest in the industry, supported by its diversified, multi-business platform.
Management outlined ambitious growth targets across all business segments, with plans to double RM capacity in 3-5 years and grow client assets 2-2.5x over five years in Wealth Management. Asset Management aims to grow AUM 6-8x in five years, targeting 45-50% CAGR with new product launches planned for Q3/Q4, with breakeven expected after FY27. The company's credit rating was upgraded from AA- to AA stable by CRISIL, highlighting its financial strength. Dividend payout for FY26 was approximately 49% of annual operating profits, with dividend per share of ₹14 declared in May 2026.
