360 ONE WAM Q2FY27 Results: PAT down 4.4% YoY; ARR AUM up 19.7% to ₹3.53 lakh crore
- PAT declined 4.4% YoY to ₹302 crore, impacted by negative other income
- Total revenue grew 4.8% YoY to ₹853 crore, driven by 27.5% rise in ARR revenue
- ARR AUM increased 19.7% YoY to ₹3,53,382 crore with net flows of ₹12,482 crore
- Board declared second interim dividend of ₹7.50 per share for FY27
- Operating PBT rose 19.7% YoY to ₹434 crore despite higher employee costs

*this image is generated using AI for illustrative purposes only.
360 ONE WAM Limited reported a consolidated profit after tax of ₹302 crore for the quarter ended September 30, 2026 (Q2FY27), marking a 4.4% decline year-on-year. Despite the dip in bottom line, total revenue grew 4.8% YoY to ₹853 crore, driven by robust growth in annual recurring revenue assets under management.
The Board of Directors approved a second interim dividend of ₹7.50 per equity share for FY27. The record date for this payout is fixed as October 23, 2026, with payment scheduled on or before November 13, 2026. The company’s overall Assets Under Management (AUM) stood at ₹8,99,481 crore as of September 2026.
Financial Performance Highlights
Revenue from operations rose significantly to ₹896 crore, up 17.5% YoY, primarily due to strong performance in Annual Recurring Revenue (ARR) segments. However, transactional and brokerage income declined by 9.1% YoY to ₹190 crore. The divergence between operating revenue growth and total revenue growth was influenced by lower other income compared to the previous year.
Profit before tax decreased to ₹391 crore from ₹413 crore in Q2FY26, reflecting a 5.5% decline. The company maintained a Return on Tangible Equity of 16.9%, with tangible net worth standing at ₹7,268 crore.
| Metric | Q2FY27 | Q2FY26 | Change |
|---|---|---|---|
| Revenue from Operations | ₹896 crore | ₹763 crore | +17.5% |
| Total Revenues | ₹853 crore | ₹813 crore | +4.8% |
| Profit Before Tax | ₹391 crore | ₹413 crore | -5.5% |
| Profit After Tax | ₹302 crore | ₹316 crore | -4.4% |
| ARR Revenue | ₹706 crore | ₹554 crore | +27.5% |
| Operating PBT | ₹434 crore | ₹363 crore | +19.7% |
Business Segment Updates
The company’s AUM composition highlights a shift towards more stable, recurring revenue streams. Wealth Management ARR AUM grew 24.3% YoY to ₹2,52,627 crore, supported by net flows across various segments. The Asset Management segment saw ARR AUM increase by 9.4% YoY to ₹1,00,754 crore, driven by growth in Private Equity, Credit, and Real Assets.
Key business metrics include:
- Overall AUM: ₹8,99,481 crore
- ARR AUM: ₹3,53,382 crore
- Transactional/Brokerage AUM: ₹5,46,099 crore
- ARR Net Flows: ₹12,482 crore for the quarter
- Combined ARR Retention: 79 bps
The Wealth Management segment reported total AUM (ex-custody) of ₹4,90,752 crore, up 16.6% YoY. The flagship 360 ONE Plus proposition saw AUM grow 37.8% YoY to ₹1,02,134 crore. Distribution assets earned trail fees on ₹1,36,595 crore, growing 15.0% YoY. The lending book expanded 34.4% YoY to ₹13,899 crore.
In Asset Management, Alternates AUM grew 27.9% YoY to ₹58,139 crore, while Discretionary PMS AUM contracted 13.2% YoY to ₹29,146 crore. Managed and syndicated assets surged 42.7% YoY to ₹21,250 crore.
What the Numbers Show
A notable divergence exists between the strong top-line operational growth and the slight contraction in profitability. While Revenue from Operations expanded by 17.5% YoY, Total Expenses rose by 15.5% YoY to ₹462 crore. This expense growth outpaced the 4.8% growth in Total Revenues, leading to a compression in margins. Specifically, Employee Benefits Expenses increased to ₹341 crore in Q2FY27 from ₹272 crore in Q2FY26, contributing significantly to the higher cost base despite the healthy inflow of new assets.
However, Operating Profit Before Tax (OPBT) grew 19.7% YoY to ₹434 crore, indicating that core business operations remain robust. The dip in PAT is largely attributed to a swing in Other Income, which turned negative at ₹(44) crore compared to positive ₹51 crore in Q2FY26. This non-operational factor masked the underlying operational strength, where costs were managed effectively relative to operating income, with the Cost to Operating Income ratio improving to 51.5% from 54.3% in Q1FY27.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE466L01038/8b157740-e67e-4e43-9f75-2a31539aa9b0.pdf
Historical Stock Returns for 360 One WAM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.94% | +0.94% | -1.65% | +6.29% | -4.77% | +160.22% |
How will the 25% year-on-year surge in employee benefits expenses impact 360 ONE WAM's cost-to-income ratio and margin stability in upcoming quarters?
Can the company sustain its current net inflow momentum to offset the 9.1% decline in transactional and brokerage income as market volatility persists?
What specific strategies is management implementing to reverse the 13.2% contraction in Discretionary PMS AUM while Alternates AUM continues to grow?


































