Wealth First Portfolio Managers Limited reported a consolidated net profit of ₹382.83 million for the financial year ended March 31, 2026, an increase from ₹341.45 million in FY25. The company’s revenue from operations grew 28.7% to ₹684 million, driven by strong momentum in core business operations and insurance sales. For Q4 FY26, the company posted a net profit of ₹104.87 million, reversing a net loss of ₹42.95 million in the same period of the previous year, while revenue from operations rose to ₹165.08 million from a negative ₹32.64 million in Q4 FY25. The statutory auditor, M/s Jaimin Deliwala & Co., issued an unmodified opinion on the audited standalone and consolidated financial results.

Q4 Financial Performance

The turnaround in Q4 FY26 was primarily driven by strong insurance sales, steady net sales performance of assets under recurring revenue (ARR), and the absence of significant mark-to-market impact following the strategic reduction of the trading book to zero. The cost-to-income ratio, excluding an exceptional loss of ₹15.0 million in FY25 and AMC-related costs of ₹23.0 million in FY26, stood at 29.9% in FY26 compared to 23% in FY25. The increase was attributed to one-time strategic investments, including BSE listing-related expenses, PMS renewal fees, and SIF registration fees.

Strategic Milestones and Growth

Mr. Ashish Shah, Managing Director, highlighted that FY26 was a transformative year marked by the receipt of final SEBI approval to establish its Asset Management Company, Lakshya Asset Management Private Limited, which is now fully operational. Wealth First has invested ₹410 million in this joint venture. The founding team includes Mr. Ashish Shah, Mr. Sanjiv Shah, Mr. Rajan Mehta, and Mr. Sanjay Gaitonde, who bring over a century of combined experience. Additionally, Wealth First obtained the IRDAI license to operate as a Direct Insurance Broker through its wholly-owned subsidiary, Wealthshield Insurance Brokers Private Limited, delivering a top line of roughly ₹75 million in FY26.

Total Assets Under Advisory (AUA) increased 4.6% year-on-year to ₹12,157 crore as of March 2026, despite negative equity markets during the year. The client base expanded, with total client families growing 5% year-on-year to 6,889 and overall clients increasing 5% to 21,746. The company also launched an index-based PMS tailored to NRI clients in the United States and Canada.

Corporate Actions and Board Decisions

The Board recommended a final dividend of 10%, or ₹1.00 per equity share, for the financial year ended March 31, 2026. This takes the total dividend for the year to ₹13 per share, representing approximately 35% of consolidated profit after tax. The Board also approved a proposal to increase the authorized share capital of the company from ₹110 million to ₹120 million. An Investment Committee was constituted effective May 30, 2026, comprising Mr. Ashish Shah as Chairperson.

Wealth first portfolio managers Limited has formally notified stock exchanges that it does not qualify as a Large Corporate under SEBI's regulatory framework for the financial year ended March 31, 2026. The company submitted its undertaking to both NSE and BSE on April 7, 2026, in compliance with SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Regulatory Compliance Declaration

The company's declaration confirms its non-classification under the Large Corporate criteria as specified in the SEBI circular requiring Large Entities to submit Initial Disclosure. This regulatory framework mandates certain disclosures from companies that meet specific criteria related to borrowing thresholds and credit ratings.

Financial Position Details

The company's financial disclosure reveals its current borrowing status and regulatory standing:

The zero outstanding borrowings position indicates the company's debt-free status as of the financial year-end, which likely contributes to its non-classification under the Large Corporate framework.

Official Submission Process

The undertaking was officially submitted to both major stock exchanges with proper authorization. Company Secretary and Compliance Officer Aayush Shah and Chief Financial Officer Dhiren Parikh digitally signed the documents, ensuring regulatory compliance and proper corporate governance protocols.

The submission included Annexure A containing the format of initial disclosure required for entities identified as Large Corporates, even though the company confirmed its non-applicability under this category. This demonstrates the company's commitment to transparency and regulatory adherence.

Corporate Information

Wealth First Portfolio Managers Limited, headquartered in Ahmedabad, operates from Capitol House in the Prahladnagar area. The company maintains its corporate identity with CIN L67120GJ2002PLC040636 and continues its portfolio management services while ensuring full regulatory compliance with SEBI requirements.