**1. Business Performance:** Wealth First reported Q1 FY27 revenue of Rs. 14.3 Cr and PAT of Rs. 10.4 Cr.

Trail-based revenue grew 4.4% YoY to Rs. 12.3 Cr.

Total Assets Under Advisory (AUA) surged 8.6% YoY to Rs. 13,647 Cr.

Revenue decline was due to strategic shifts and investments in new businesses. **2. Growth Drivers or Strategy:** Strategic expansion is key.

The company acquired Wealth First Advisors, boosting combined AUM to ~Rs. 9,000 Cr, targeting Rs. 20,000 Cr in five years.

New ventures include Lakshya Asset Management, Wealthshield Insurance Brokers, and an index-based PMS for US/Canada NRIs. **3. Recent Developments:** Key updates: Wealth First Advisors acquisition, launch of Lakshya Asset Management & Wealthshield Insurance Brokers, plus initial investor onboarding for the NRI PMS platform. **4. Key Financial Metrics:** Q1 FY27 results: Revenue Rs. 14.3 Cr, PAT Rs. 10.4 Cr.

Trail Revenue Rs. 12.3 Cr.

Total AUA Rs. 13,647 Cr.

Proforma combined AUM Rs. 9,547 Cr. **5. Management Commentary / Outlook:** Management sees Q1 as pivotal, shifting from setup to scale over five years.

Focus is on disciplined execution, client relationships, and building businesses for long-term value.