Wealth First Portfolio Managers Ltd

• Business Activity Income grew 7.8% YoY to Rs. 48.8 Cr in 9M FY26. • Trading income reduced sharply to Rs. 3.1 Cr from Rs. 11.2 Cr YoY. • Total Assets Under Advisory (AUA) rose 8.1% YoY to Rs. 12,858 Cr. • Added 979 new clients, total client base 21,487.

🔍 Overview of Financials:

• Core revenue (Business Activity Income) grew 7.8% YoY, reaching Rs. 48.8 Cr in 9M FY26, showing steady growth despite market volatility.

📉 Trading Income Reduction:

• Trading income fell sharply from Rs. 11.2 Cr to Rs. 3.1 Cr YoY as part of strategy to reduce trading reliance.
• Expected significant reduction in trading book size by March 2026.

📈 Growth in Assets Under Advisory (AUA):

• 9M FY26 AUA increased 8.1% YoY to Rs. 12,858 Cr, indicating strong client engagement and business momentum.
• AUA includes mutual funds, PMS, and AIF.

👥 Client Base Expansion:

• Added 979 new clients over past year, totaling 21,487 clients.
• Client families increased by 437 to 6,832, suggesting effective client retention and acquisition.

📊 Strategic Initiatives:

• Near completion of regulatory approval for new asset management company (Lakshya AMC) to create scalable revenue.
• Strengthening insurance broking business for diversified financial products.

⚙️ Operational Costs & Profitability:

• Employee and other expenses rose due to AMC setup and business expansions.
• Cost-to-income ratio climbed to 37.38% in Q3 FY26 due to AMC setup costs.
• Focus on reducing earnings volatility and growing core activities.

💰 Dividend Policy:

• Board adopted policy to declare minimum 30% dividend of consolidated PAT annually.
• Declared interim dividend of Rs. 12 per share for 9M FY26.

📌 Perception:

• Reflects consistent growth and strategic diversification.
• Reduced trading income aligns with focus on sustainable revenue.
• New business initiatives could drive future earnings growth.
• Client and asset growth support business sustainability.