Wealth First Portfolio Managers Ltd. · NSE:WEALTH
Wealth First Portfolio Managers — Q1 FY26 Earnings Presentation
40 slides from Wealth First Portfolio Managers's earnings presentation, Aug 4, 2025
Slide 1: Cover letter to National Stock Exchange
DATE: 4TH AUGUST, 2025 To Manager - Listing Department National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai-400051 REF: WEALTH FIRST PORTFOLIO MANAGERS LIMITED SCRIP CODE: WEALTH SUB: INVESTOR PRESENTATION ON FINANCIAL RESULT FOR THE Q
Slide 2: Beneath the Tip of the Iceberg - Investor Presentation Q1 FY26
BENEATH THE TIP OF THE ICEBERG Investor Presentation Q1 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: Performance Overview
Q1 FY26 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 5: Our Performance for Q1 FY26
Our Performance for Q1 FY26 Consolidated Performance for Q1 FY26 Rs. 24.9 Cr. 15% YoY Total Revenue Rs. 15.8 Cr. 18% YoY Commenting on the results and performance for Q1 FY26, Mr. Ashish Shah, Managing Director of Wealth First Business Activity Income Portfolio Managers Limited said: “We are pleased
Slide 6: Sustained Growth Momentum Over the Years
Sustained Growth Momentum Over the Years… (In Rs. Cr) Revenue from Business Activity Income Trail Base Revenue 15.8 +31% 11.1 11.8 +33% 13.4 8.2 5.7 6.4 6.4 5.0 4.0 Q1FY22 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Trail-based AUM AUA 5,979.6 +17% 12,568.9 +30% 5,448.0 11,417.8 8
Slide 7: Financial Performance for Q1 FY26
Financial Performance for Q1 FY26 Revenue from (In Rs. Cr) Total Revenue AUA Business Activity Income +10% +15% +18% 12,570 11,418 • The Total Revenue witnessed a 24.9 15.8 5,980 robust 15.3% growth on YoY basis 21.6 13.4 5,448 to Rs. 24.9 Cr. in Q1 FY26 224 60 170 51 2,497 • The Business Activity I
Slide 8: Operational Performance
Operational Performance Relationship Managers Total Clients 32 37 5,996 6,626 • Strong RM Vintage: 19,887 20,969 • RM count increased by 19% YoY 13 13 2,619 2,910 • The RM vintage stood strong with 52% 725 1,030 of RMs being associated with the 2 5 3,468 3,395 Company for >5 years whereas 30% of 8 8
Slide 9: Equity Net Inflows: Industry vs WFPML
Equity Net Inflows Mar-22 Mar-23 Mar-24 Mar-25 June-25 (In Rs. Cr) 1,46,754 66,869 1,64,405 1,84,091 4,17,053 Net Inflows - Net Inflows - Net Inflows - Net Inflows - Net Inflows - Industry SIP SIP SIP SIP SIP Purchases Purchases Purchases Purchases Purchases 39,839 -9,218 -15,127 1,27,701 -13,720 1,
Slide 10: Consolidated Profit And Loss Statement
Consolidated Profit And Loss Statement Particulars Q1FY26 Q1FY25 YoY Q4FY25 QoQ FY25 Income The Trading Activity Income saw a Revenue from operations - Trading Activities 9.0 7.2 -16.4 -5.2 Revenue from operations - Business Activity Income 15.8 13.4 13.1 58.3 growth of 25% YoY to Rs. 9.0 Cr. due to
Slide 11: Continuous Dividend Payout Over The Years
Continuous Dividend Payout Over The Years… Dividend 11.3% 23.1% 17.5% 49.9% 26.7% Payout 40.1 The Company has finalised a dividend policy wherein the Company will declare dividend 32.1 a minimum of 30% of the consolidated profit after tax in a given year to the shareholders 17.7 16.0 15.0 13.0 7.0 4
Slide 12: About Us
Q1 FY26 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 13: About Us
About Us • Headquartered in Ahmedabad, Gujarat, Wealth First Portfolio Managers is a client-centric, product agnostic and independent wealth management firm focused only on wealth management, singularly prioritizing the financial wellbeing of customers • The Company brings smart investment solutions
Slide 14: Our Products & Services
Our Products & Services Fixed Deposits Investment Strategising Asset Research Treasury Bonds Trade-Execution-Broking Direct Bonds Portfolio Review and Accounting Taxable & Tax-Free SERVICES Bonds PRODUCTS PRODUCTS SERVICES Retirement Planning PRODUCTS SERVICES Direct Equity Treasury Management Mutua
Slide 15: History & Timeline
History & Timeline 1990-1995 1996-2000 2001-2010 2011-2016 2017 & Beyond 1990 - The Beginning 1996 - THE BEGINNING 2002-03 - Expansion 2011 - Welcoming Changes 2017 - Bigger Wins ▪ Started out as Dalal & Shah ▪ As the mutual funds industry ▪ Expanded client base ▪ Focusing on continuous tech ▪ Cross
Slide 16: Board of Directors
Board of Directors Mr. Ashish Navnitlal Shah Ms. Hena Ashish Shah Managing Director (Promoter) Whole-Time Director (Promoter) • 30+ years of expertise in the financial • 15+ years of experience in the financial services, skilled at boosting revenue market with expertise in Mutual through client rela
Slide 17: Additions to the Board
Additions to the Board Mr. Amit Trivedi Mr. Siddharth Shah Mr. Saurabh Sonthalia Independent Director Independent Director Independent Director • 30+ years of experience as financial markets • B.Com graduate with over 40 years of • Over three decades of experience in India’s trainer, educator, and a
Slide 18: Key Management Personnel
Key Management Personnel Mr. Rakesh Shah Mr. Dhiren Parikh Mr. Manish Kansara Chief Investment Officer Chief Financial Officer Chief Operations Officer • 30+ years of experience in financial • Chartered Accountant with 28+ years of • 30+ years of experience at WealthFirst markets, mutual funds, and
Slide 19: Awards & Accolades
Awards & Accolades CNBC TV 18 All CNBC TV 18 India Best Best Financial Financial Advisor Advisor West Zone in the year 2006 Year 2008 Best Performing Regional Financial Advisor West Zone in the year 2019 18
Slide 20: Company Strategy
Q1 FY26 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL FINANCIAL PERFORMANCE
Slide 21: Active Product Selection Strategy While Remaining Watchful
Active Product Selection Strategy While Remaining Watchful At Wealth First, our clear strategy outlines what we do. At Wealth First, we are always awake and alive to realities More importantly it highlights what we do not do. transpiring in the finance world. We do not do anything Earth shattering.
Slide 22: Our Customer Centric Practices
Our Customer Centric Practices 1 Our 5 CUSTOMER CENTRIC practices 2 4 3 One shoe does not fill all Stay in touch We understand that every client’s requirement is We interact with our clients different. We spend time with at frequent intervals. the client to understand their Updating them about the f
Slide 23: Our Competitive Moat
Our Competitive Moat EXAMINE, INVESTIGATE AND REVIEW Research all financial products that are introduced in the market. Our width and depth of product knowledge allows us to handhold clients to switch to better investment options CLIENT CENTRIC Our enduring client relationships have matured alongsid
Slide 24: Towards a Larger Vision
Towards a Larger Vision In-principle approval to set up an AMC In receipt of the Insurance Broking License from IRDAI Viksit Bharat 2047 : Mutual Fund Industry Growth Estimates Insurance Penetration : India vs Global Average (2023) Metrics India Global Parameters 2024 2047 Total Penetration 3.7% ~7.
Slide 25: Industry Overview
Q1 FY26 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 26: 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 27: Financial Assets Of Indian Households
Financial Assets Of Indian Households Growth in Equities as % of Indian Total Indian Household Assets Household Assets 14.0% 4.7% 5.9% 5.8% 3.8% 15.5% 3.4% 4.7% 2.2% 50.7% Property Gold Bank Deposits Insurance Fund Mar-13 Mar-18 Mar-23 Provident & Pension Fund Cash Equities Estimated annual structur
Slide 28: 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 b
Slide 29: MF share in a household's financial saving pie is increasing
MF share in a household’s financial saving pie is increasing • As of March 2024, Indian households allocated 72% of their savings to physical assets and 28% to financial assets • While bank deposits and currency holdings have declined, investments in life insurance, mutual funds, and PPF have gained
Slide 30: Significant Room for Higher Penetration
Significant Room for Higher Penetration India’s mutual fund AUM-to-GDP ratio has Mutual fund AUM has outpaced bank deposit risen to 19.9% in Mar’25 growth over the past five years 25.0% 250 222 213 19.9% 187 20.0% 18.2% 200 170 CAGR: 10% 154 15.9% 15.9% 137 14.5% 150 126 15.0% 12.6% 11.1% 100 67 10.
Slide 31: SIP Flows to Remain Resilience
SIP Flows to Remain Resilience • Monthly SIP flows have surged from an average of INR 80 bn in FY19–21 to a record INR 267 bn in May’25, despite market volatility since Oct’24 and retail equity sell-offs since Mar’25. This resilience reflects growing retail investor maturity and preference for profe
Slide 32: SIP Growth in India
SIP Growth in India SIP AUM grew at 31% CAGR from FY19 to Monthly SIP flows doubled in 3 years FY25 (Rs. Lakh Cr.) 13.4 +32.0% 264.6 267.0 245.1 253.2 +30.8% 10.7 203.7 212.6 188.4 191.9 170.7 152.5 160.4 6.8 130.4 142.8 5.7 4.3 2.7 2.4 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Oct- Mar- Jul- Sep- Nov- Jan
Slide 33: Strong Growth Outlook for Specialized Wealth Management in India (1/2)
Strong Growth Outlook for Specialized Wealth Management in India (1/2) • Dedicated wealth managers in India are projected to grow their assets under management from $300 billion to $1.6 trillion by FY35, representing a CAGR of approximately 18% • This growth is expected to be driven by an expansion
Slide 34: Strong Growth Outlook for Specialized Wealth Management in India (2/2)
Strong Growth Outlook for Specialized Wealth Management in India (2/2) India's serviceable assets to grow from $3 Tn to $9 Tn (13% CAGR), with specialized WM rising to $1.6 Tn by 2035, growing at ~18% CAGR 11% 17% Specialised WM (%) 9.0 13% CAGR 3.0 Affluent (~2.5Mn HHs) 18% CAGR 1.6 Mass Affluent (
Slide 35: Historical Performance
Q1 FY26 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 36: Operational Performance
Operational Performance Relationship Managers RM Vintage (%)* 22 30 29 35 37 4 18% 13 12 13 13 37% 35% 43% 42% 5 23% 1 1 4 5 3% 3% 11% 13% 0 to 3 years 5 to 10 years 5 7 23% 8 8 8 27% 24% 23% 22% 3 to 5 years >10 years 8 9 10 11 36% 8 27% 31% 29% 30% Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Mar-22 Mar-23
Slide 37: AUA Growth Over The Years
AUA Growth Over The Years… Mar-22 Mar-23 Mar-24 Mar-25 June-25 2,620 3,410 3,741 3,809 3,253 3,109 3,449 4,488 5,386 5,980 410 23 204 45 183 2,224 212 2,497 224 1,985 48 1,281 1,468 60 60 Total AUA Rs. 7,782 Cr. Rs. 8,078 Cr. Rs. 10,114 Cr. Rs. 11,623 Cr. Rs. 12,570 Cr. Trail-based AUM* Insurance Pr
Slide 38: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement (In Rs. Cr) Particulars 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 39: Historical Consolidated Balance Sheet Statement
Historical Consolidated Balance Sheet Statement (In Rs. Cr) Particulars Mar-25 Mar-24 Mar-23 Mar-22 Particulars 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 66.0 54.9 Other
Slide 40: Thank You
THANK YOU For further information, please contact Wealth First Portfolio Managers Limited: Investor Relations Advisors : CIN: L67120GJ2002PLC040636 CIN: U74140MH2010PTC204285 Mr. Karan Thakker Mr. Nishil Pandya Ms. Dhresha Shah Email id : nishil@wealthfirst.biz karan.thakker@sgapl.net / nishil@wealt
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