Wealth First Portfolio Managers Ltd

Wealth First Portfolio Managers Ltd announced its financial results for the first quarter ended June 30, 2026. The Board of Directors approved the Un-Audited Standalone and Consolidated Financial Results for the period. The results were accompanied by a Limited Review Report from the Statutory Auditors, M/s Jaimin Deliwala & Co. The meeting where these results were approved commenced at 11:35 AM and concluded at 12:40 PM on August 13, 2026. The results will be available on the websites of the BSE, NSE, and the company.

Wealth First Portfolio Managers' consolidated PAT fell 34.7% year-on-year to ₹10.42 Cr on revenue of ₹14.32 Cr, down 42.3% YoY from ₹24.81 Cr in Q1 FY26 — a sharp reversal from the 40-65% YoY growth the company had been posting through FY25-FY26. Standalone tracks the same trend (PAT ₹10.34 Cr, -36.3% YoY; revenue ₹14.08 Cr, -43.2% YoY), so this is not a consolidation-level distortion. Sequentially the picture looks stable — revenue down 13.2% QoQ and PAT down just 0.6% QoQ versus Q4 FY26 (₹16.51 Cr revenue, ₹10.49 Cr PAT) — but per the YoY-primary read, that flatness only underlines how much lower the base has reset versus a year ago, not a genuine recovery. The margin bridge shows the compression is structural, not one-off: consolidated net profit margin fell to 54.9% from 64.1% a year ago (and from 56.2% last quarter), while operating margin (on revenue-from-operations, excluding other income) dropped to about 63.4% from 86.3% YoY. Employee benefit expense — the company's dominant cost line as a broking/wealth-distribution business — rose 54.4% YoY to ₹2.94 Cr even as revenue nearly halved, the clearest driver of the squeeze; other expenses and finance costs are broadly flat and not material to the story. There is no formal management guidance on record and a web search turned up no analyst previews or consensus estimates for this quarter — Wealth First carries no visible sell-side coverage, so vs-street and vs-guidance are both unknown rather than a miss. No management press release accompanies this filing beyond the standard exchange intimation. Two corporate actions sit alongside the print: the board's ₹1/share dividend recommendation from its May 29, 2026 meeting (a FY26 year-end action, not tied to this quarter's earnings), and the two-phase acquisition of 100% of Wealth First Advisors Pvt Ltd for ₹102.15 Cr, which closed July 1, 2026 — after this quarter's June 30 cut-off, so it is not yet in these numbers. With the WFAPL acquisition now closed, Q2 FY27 consolidated figures should start reflecting the enlarged group, which will complicate a clean YoY comparison; investors will need to separate that inorganic effect from the underlying volume/margin trend flagged this quarter.

Wealth First Portfolio Managers Ltd has announced a Board of Directors meeting scheduled for August 13, 2026. The primary agenda items include the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with their respective Limited Review Reports. The meeting will be conducted via Video Conference/Other Audio Visual Means. Additionally, the company has informed that the trading window for designated persons has been closed since June 24, 2026, and will remain shut until 48 hours after the declaration of the financial results, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Wealth First Portfolio Managers Limited has announced the acquisition of a controlling 51% stake in Mumbai-based wealth management firm Wealth First Advisors Private Limited (WFAPL) for an equity valuation of ₹102.15 crore. This strategic move significantly expands Wealth First's presence in India's largest wealth management market, boosting the combined assets under management (AUM) to nearly ₹9,000 crore. The acquisition marks a key step in Wealth First's evolution into an integrated national financial services institution. The remaining 49% stake in WFAPL will be acquired later, based on a March 31, 2029 valuation, settled through a share swap. This acquisition complements the firm's earlier entry into asset management, strengthening its advisory and distribution capabilities.

Wealth First Portfolio Managers Limited (WFPML) has entered into a Memorandum of Understanding (MOU) to acquire 100% of Wealth First Advisors Private Limited, a wealth management and financial product distribution firm. The acquisition will be completed in two phases. Phase I involves acquiring 51% stake for ₹52.10 Crore, comprising ₹40 Crore cash and ₹12.10 Crore via share swap. Phase II will acquire the remaining 49% stake, with consideration determined later and paid through share swap. This strategic move aims to expand WFPML's assets, distribution footprint, and market position through inorganic growth in Mumbai's wealth management market. The company will gain management and governance control upon completion of Phase I.

Wealth First Portfolio Managers Ltd. announced the board's approval for the 100% acquisition of Wealth First Advisors Private Limited, a wealth management and distribution business. This strategic move aims to expand the company's assets, distribution footprint, and market position through inorganic growth. The acquisition will be completed in two phases: 51% by December 31, 2026, making it a subsidiary, and the remaining 49% by March 31, 2030, making it a wholly-owned subsidiary. As of March 31, 2026, the target entity reported a turnover of ₹17.91 crore, a PAT of ₹6.03 crore, and a net worth of ₹22.01 crore. The transaction is a related party transaction due to the Promoter and MD's interest but is being conducted at arm's length.

Wealth First Portfolio Managers Ltd announced its Board of Directors has approved the 100% acquisition of Wealth First Advisors Private Limited, a wealth management and distribution enterprise. The acquisition will occur in two phases: 51% by December 31, 2026, and the remaining 49% by March 31, 2030. This move aligns with the company's strategy for inorganic growth to expand assets, distribution footprint, and market position. The Target Entity reported a turnover of ₹17,91,08,000 and PAT of ₹6,03,78,000 as of March 31, 2026. The acquisition is considered a related party transaction as the Promoter and Managing Director has a 10.62% interest in the target entity, but it will be conducted on an arm's length basis.

Wealth First Portfolio Managers Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. During this period, trading in the company's equity shares by insiders and their relatives is prohibited. The specific date for the board meeting to consider these financial results will be announced later.

Wealth First Portfolio Managers Ltd's board approved audited standalone and consolidated financial results for FY26, recommended a final dividend of ₹1 per share, and re-appointed M/s H D Panchal & Co as Internal Auditor for FY27. The board also approved commission to Non-Executive Non-Independent Director Ms. Binal Bhukhanwala Gandhi, subject to member approval.

Wealth First Portfolio Managers Ltd's board approved and recommended a final dividend of 10%, which is ₹1.00 per equity share of face value ₹10 each, for the financial year ended March 31, 2026, subject to shareholder approval. The board also approved the audited standalone and consolidated financial results for the same period and re-appointed M/s H D Panchal & Co as Internal Auditor for FY27. Additionally, the board approved the payment of commission to Non-Executive Non-Independent Director Ms. Binal Bhukhanwala Gandhi, subject to member approval.