Wealth First Portfolio Managers Ltd. · NSE:WEALTH
Wealth First Portfolio Managers — Q3 FY26 Earnings Presentation
33 slides from Wealth First Portfolio Managers's earnings presentation, Feb 4, 2026
Slide 1: Cover letter to stock exchanges
DATE: 4TH FEBRUARY, 2026 To To Manager - Listing Department Head – Listing Operations, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot No. C/1, G Block, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumbai – 400 001 Mumbai-400051 BSE SCRIP CODE: 544536 SYM
Slide 2: Investor Presentation Q3 & 9M FY26
Investor Presentation Investor Presentation | Q3 & 9M FY26 Q2 & H1 FY26
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides which have been prepared by Wealth First Portfolio Managers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Q3 & 9M FY26 Financial Highlights
Q3 & 9M FY26 Financial Highlights
Slide 5: Management Commentary
Management Commentary Commenting on the results and performance for Q3 & 9M FY26, Mr. Ashish Shah, Managing Director of Wealth First Portfolio Managers Limited said: “Our core revenue stream, Business Activity Income, continued to deliver steady growth, registering a 7.8% YoY increase to Rs.48.8 Cr.
Slide 6: Consistent growth in Business Activity Income
Consistent growth in Business Activity Income (In Rs. Cr) Consistent growth in Reducing Trading Book Size Revenue from Business Activity Income Business Activity Income, which is the core revenue stream has +29.2% 48.8 demonstrated strong and 45.2 96.5 consistent growth, registering a 28.3 57.0 36.0
Slide 7: Operational Performance
Operational Performance Relationship Managers Total Clients 33 40 6,395 6,832 Strong RM Vintage: 20,506 21,485 13 14 2,814 2,958 • RM count increased by 21% YoY 908 1,261 • The RM vintage stood strong with 53% 5 3,464 3,305 of RMs being associated with the 3 Company for >5 years whereas 30% of 8 9 R
Slide 8: Industry Equity Net Inflows
Equity Net Inflows Mar-22 Mar-23 Mar-24 Mar-25 Dec-25* (In Rs. Cr) 1,64,405 1,46,754 2,56,079 1,84,091 4,17,053 Industry Net Inflows – Net Inflows – Net Inflows – Net Inflows – Net Inflows – SIP SIP SIP SIP SIP Purchases Purchases Purchases Purchases Purchases -9,218 -15,127 1,27,701 -576 39,839 1,5
Slide 9: Consolidated Profit and Loss
Consolidated Profit and Loss Business Activity Income saw a 7.8% YoY growth Particulars (in Rs. Cr) Q3 FY26 Q3 FY25 YoY Q2 FY26 QoQ 9M FY26 9M FY25 YoY in 9M FY26. However, Q3 FY26 witnessed a Income decline primarily due to the non-booking of RIA Revenue from operations - Business Activity Income 1
Slide 10: Continuous Dividend Payout Over The Years
Continuous Dividend Payout Over The Years… Dividend Payout 11.3% 23.1% 17.5% 49.9% 45.5% 40.1 The Company has finalised a dividend policy wherein the Company will declare 32.1 dividend a minimum of 30% of the consolidated profit after tax in a given year to 26.4 the shareholders 17.7 16.0 13.0 12.0
Slide 11: About Us
About Us
Slide 12: About Us
About Us • Headquartered in Ahmedabad, Gujarat with having presence in Surat, Pune and Mumbai 33rd 80 RM Vintage: • Over three decades of trusted 48% > 5 years wealth management expertise Rank in India – MF Distribution Team Size 20,759 • Independent, client-first wealth manager focused on financial
Slide 13: Operational Excellence: Five Years of Strategic Growth
Operational Excellence: Five Years of Strategic Growth Total Clients Person Years of Experience Trail-Based AUM: Exceptional Growth Trajectory 16,773 20,759 480 911 FY20 FY25 FY20 FY25 ₹5,386 Cr Families Served New Client Added in a Year FY25 ₹1,612 Cr FY20 4,851 6,578 372 1,210 FY20 FY25 FY20 FY25
Slide 14: Our Offerings
Our Offerings PRODUCTS SERVICES Investment Strategising Trade-Execution- Portfolio Review Fixed Deposits Treasury Bonds Direct Bonds Asset Research Broking and Accounting Taxable & Tax- Direct Equity Mutual Funds Retirement Planning Tax Planning Asset Allocation Free Bonds International Pension Prod
Slide 15: Our Journey
Our Journey MF AUM crossed ₹5,000 Cr First IFA practice Became a one-stop listed on NSE financial platform (CDSL + CNBC TV18 Financial NSE-BSE integration) Started out as Dalal & Advisor Award Shah Financial Services (West Zone & India) Pvt. Ltd. with prime focus on fixed income ✓ The final SEBI ins
Slide 16: Board of Directors
Board of Directors Mr. Ashish Navnitlal Shah Ms. Hena Ashish Shah Managing Director (Promoter) Whole-Time Director (Promoter) Ms. Binal Gandhi Mr. Amit Trivedi Non-Executive Director Independent Director Mr. Saurabh Sonthalia Mr. Siddharth Shah Independent Director Independent Director 15
Slide 17: Key Management Personal
Key Management Personal Mr. Rakesh Shah Mr. Dhiren Parikh Mr. Manish Kansara Chief Investment Officer Chief Financial Officer Chief Operations Officer Mr. Nirad Shah Mr. Nishil Pandya Ms. Sajni Patel Senior Vice President - Sales Head - Business Head - Business Development & Strategy Development & S
Slide 18: Company Strategy
Company Strategy
Slide 19: The Wealth First Way: Sustainable Growth Built on Relationships
The Wealth First Way: Sustainable Growth Built on Relationships Built on Trust. Driven by Knowledge. Sustained by Relationships. Knowledge & Foundation Relationships Philosophy • ~70% of client base from • Knowledge-first engagement • Referral-led growth model built Gujarat - our cornerstone through
Slide 20: Our Unique Selling Proposition
Our Unique Selling Proposition Transparent Engagement Clear risks, outcomes & returns 01 Simplicity & Integrity Long-term focus over sales tactics Client Empowerment 02 Education-driven, confident decisions 07 Personalised Strategies Capital Protection Tailored, tax-efficient solutions Risk-managed,
Slide 21: What Makes Us Resilient
What Makes Us Resilient Deep Product Expertise Extensive research across asset classes enables seamless Process Strength and Sustainability transition to superior, risk-aligned opportunities Robust systems and frameworks built to deliver stability, consistency, and resilience across market cycles St
Slide 22: Towards a Larger Vision
Towards a Larger Vision The final SEBI inspection stands completed, with approval expected in the near term Viksit Bharat 2047 Mutual Fund Industry Growth Estimates To participate in India’s journey of mobilization of savings towards investing, we are setting up an AMC under the name of Parameters 2
Slide 23: Insurance Broking License received from IRDAI
Insurance Broking License received from IRDAI To participate into growing insurance sector, we have strategically expanded our operations into Insurance Broking business and operate as a Direct Insurance Broker (Life & General) under the name ‘Wealthshield Insurance Brokers Private Limited’ Industry
Slide 24: Industry Overview
Industry Overview
Slide 25: Indian Wealth Management is a $2.7 Tn Opportunity
Indian Wealth Management is a $2.7 Tn Opportunity • India’s wealth inequality is stark, with the ultra-rich holding a significant share of the country’s assets and this concentration is expected to grow • The top 1% of Indian households account for 30–40% of income, a high share of savings, and near
Slide 26: Rising Growth in India's Specialized Wealth Management
Rising Growth in India’s Specialized Wealth Management Specialized wealth managers form ~11% of the total $2.7 Tn in serviceable assets; Large headroom for growth • Dedicated wealth managers in India are India HH Net Worth/ Assets ($19.6 Tn) projected to grow their assets under "Uber Rich" AUM manag
Slide 27: Active Equities AUM poised for +20% CAGR in the medium-term
Active Equities AUM poised for +20% CAGR in the medium -term • Equities AUM has posted a 27% CAGR over the past decade, driven by approximately 12% CAGR in MTM gains, with the remainder contributed by net inflows • It is expected to continue growing at over 20% CAGR in the medium term, supported by
Slide 28: Historical Performance
Historical Performance
Slide 29: Operational Performance
Operational Performance Relationship Managers RM Vintage (%)* (In Rs. Cr) 0 to 3 years 22 30 29 35 40 3 to 5 years 4 18% 5 to 10 years 13 12 13 14 37% 35% 43% 42% >10 years 5 23% 1 1 4 5 11% 13% 3% 3% 5 7 23% 8 8 9 27% 24% 23% 23% 8 9 10 12 8 36% 31% 29% 30% 27% Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 Ma
Slide 30: AUA Growth Over The Years
AUA Growth Over The Years… Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 2,531 3,410 3,741 3,890 3,253 3,018 3,449 4,420 5,304 5,941 410 23 204 89 45 183 212 232 91 48 60 2,564 73 1,985 2,224 1,281 1,468 69 82 159 Total AUA Rs. 7,782 Cr. Rs. 8,078 Cr. Rs. 10,114 Cr. Rs. 11,623 Cr. Rs. 12,858 Cr. Mutual Fund PM
Slide 31: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (in Rs. Cr) FY25 FY24 FY23 FY22 Income Revenue from operations - Business Activities 58.3 41.6 32.0 25.2 Revenue from operations - Trading Activities -5.2 12.7 -2.5 6.3 Other Income 6.9 12.6 -0.1 1.9 Total Revenue (I+II) 60.1 67.0 29.4 33.3
Slide 32: Historical Consolidated Balance Sheet Statement
Historical Consolidated Balance Sheet Statement Particulars (in Rs. Cr) Mar-25 Mar-24 Mar-23 Mar-22 Particulars (in Rs. Cr) Mar-25 Mar-24 Mar-23 Mar-22 ASSETS EQUITY Non-current assets Equity share capital 10.7 10.7 10.7 10.7 Property, Plant and Equipment 0.8 0.7 0.7 0.8 Other equity 117.9 107.6 66.
Slide 33: Thank You
THANK YOU ! Company: Wealth First Portfolio Managers Limited CIN: L67120GJ2002PLC040636 Mr. Nishil Pandya Email id : nishil@wealthfirst.biz www.wealth-firstonline.com Investor Relations: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Karan Thakker / Ms. Dhresha Shah karan.thakker
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