Wealth First Portfolio Managers reported a consolidated net profit of ₹104.2 crore for the quarter ended June 30, 2026 (Q1FY27), marking a year-on-year decline from ₹159.6 crore in the corresponding period of FY26. The drop in earnings was primarily driven by a contraction in revenue from operations, which fell to ₹143.2 crore from ₹248.1 crore in the previous year, as the company focused on building new business platforms rather than trading activities.

Q1FY27 financial performance

The company’s board of directors approved the unaudited standalone and consolidated financial results on August 13, 2026. The results were reviewed by statutory auditors Jaimin Deliwala & Co., Chartered Accountants.

While operating revenue declined significantly, other income saw a substantial increase, rising to ₹46.6 crore from just ₹7.3 crore in the prior year quarter. This boost in non-operating income, driven by higher profit booking on investments and mark-to-market gains, helped cushion the impact of lower core business revenues on the bottom line. Total income for the group stood at ₹189.8 crore, compared to ₹248.9 crore a year ago.

Expenses rose to ₹52.5 crore from ₹34.0 crore in the same quarter last year, an increase of approximately 54%. This rise was largely attributable to higher employee benefits expense, which climbed to ₹29.4 crore from ₹19.0 crore, and other expenses, which grew to ₹20.9 crore from ₹14.2 crore. Finance costs remained negligible at ₹0.6 million (₹0.06 crore).

Standalone results

On a standalone basis, Wealth First Portfolio Managers reported a net profit of ₹103.4 crore, down from ₹162.3 crore in Q1FY26. Standalone revenue from operations was ₹140.8 crore, compared to ₹248.0 crore a year earlier. Standalone other income was ₹31.2 crore, up sharply from ₹7.3 crore in the prior year.

Standalone total expenses were ₹37.7 crore, up from ₹30.2 crore in the corresponding quarter of FY26. The company’s earnings per share (basic and diluted) stood at ₹9.71 for the quarter, down from ₹15.23 in Q1FY26.

Strategic developments and AUM growth

Managing Director Ashish Shah stated that the quarter marked an important milestone as the company completed key growth engine setups. Key developments included:

• Reducing the trading book to nil to focus on core businesses.
• Expanding footprint to Mumbai through the acquisition of Wealth First Advisors Private Limited (WFA).
• Launching an index-based PMS for US and Canada-based NRI investors.
• Establishing Lakshya Asset Management and Wealthshield Insurance Brokers.

The acquisition of WFA expanded the combined assets under management (AUM) of the Wealth First and WFA platforms to close to ₹9,000 crore. The company aims to grow this platform to around ₹20,000 crore over the next five years.

Total Assets Under Advisory (AUA) grew 8.6% YoY and 12.3% QoQ to ₹13,647 crore as of June 2026. Trail-based revenue remained resilient, growing 4.4% YoY to ₹12.3 crore. The client franchise also expanded, with client families growing 5% YoY to 6,967 and the overall client base increasing 5% YoY to 21,986.

What the Numbers Show

The divergence between the sharp decline in operating revenue (-42%) and the surge in other income (+538%) highlights a shift in the composition of total income. While core broking and distribution revenues contracted due to the absence of spillover insurance revenue and trading income present in Q1FY26, significant non-operating gains provided a substantial offset. However, the rise in employee costs alongside falling operational revenue suggests pressure on operating margins, as expenses grew faster than core business activity, driven by investments in new AMC and Insurance Broking businesses.

Wealth First Portfolio Managers will host a series of one-on-one and group meetings with investors and analysts on August 14, 2026, at the Equirus Annual India Conference in Mumbai. The company announced the schedule on August 10, 2026, stating that discussions will be strictly based on publicly available information, with no unpublished price-sensitive information (UPSI) intended for disclosure. This engagement provides market participants with an opportunity to interact with company officials regarding its business outlook and performance.

The meetings are scheduled to begin at 10:00 am IST and are organized under the Equirus Annual India Conference framework. Wealth First Portfolio Managers Limited submitted this intimation to the National Stock Exchange of India Ltd (NSE) and the Bombay Stock Exchange (BSE) pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. The regulatory filing ensures transparency and allows all stakeholders, including the public at large, access to the details of the investor interaction.

Ashish Navnitlal Shah, Managing Director of Wealth First Portfolio Managers Limited, signed the intimation letter addressed to the Manager – Listing Department at NSE and the Head – Listing Operations at BSE. The company emphasized that while the schedule is firm, changes may occur due to exigencies on the part of participants or the company. Investors are advised to monitor official communications for any last-minute updates.

This investor outreach aligns with standard corporate governance practices required by SEBI for listed entities. By participating in the Equirus conference, Wealth First Portfolio Managers aims to maintain regular dialogue with institutional investors and financial analysts. The event serves as a platform for broader industry networking and strategic visibility within the asset management sector.

The company’s stock trades under the symbol WEALTH on the NSE and carries the scrip code 544536 on the BSE. The detailed schedule and related disclosures have also been published on the company’s official website, www.wealth-firstonline.com , ensuring equitable dissemination of information to all shareholders and potential investors.