360 ONE WAM Reports 27.7% Jump in Q2 Profit, Declares Rs 6 Interim Dividend
360 ONE WAM Limited, a leading Indian wealth and alternates asset manager, announced robust Q2 financial results. The company's Profit After Tax (PAT) increased by 27.7% year-on-year to Rs 316 crore, while total revenue grew 31.5% to Rs 813 crore. Overall Assets Under Management (AUM) reached Rs 6,71,625 crore, with Annual Recurring Revenue (ARR) AUM up 21.7% to Rs 2,95,324 crore. The Wealth Management segment saw a 29.6% increase in ARR AUM, and the Asset Management segment's ARR AUM grew by 7.4%. The company also completed the transfer of UBS AG's India wealth management business and declared a second interim dividend of Rs 6 per share.
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360 ONE WAM Limited , one of India's largest wealth and alternates asset managers, has reported a strong financial performance for the second quarter, with significant growth in profit and assets under management (AUM).
Key Financial Highlights
- Profit After Tax (PAT): Rs 316 crore, up 27.7% year-on-year (YoY)
- Total Revenue: Rs 813 crore, an increase of 31.5% YoY
- Overall AUM: Rs 6,71,625 crore as of September
- Annual Recurring Revenue (ARR) AUM: Rs 2,95,324 crore, up 21.7% YoY
Financial Performance Breakdown
| Metric (in Rs Crore) | Q2 | Q2 Previous Year | YoY Change |
|---|---|---|---|
| Revenue from Operations | 763 | 589 | 29.6% |
| Annual Recurring Revenue | 554 | 397 | 39.4% |
| Transactional/Brokerage Income | 209 | 191 | 9.3% |
| Total Expenses | 400 | 299 | 33.7% |
| Operating Profit Before Tax | 363 | 289 | 25.4% |
| Profit Before Tax | 413 | 319 | 29.5% |
The company's financial results demonstrate robust growth across key metrics, with a notable 39.4% increase in Annual Recurring Revenue, indicating strong and sustainable income streams.
Business Segment Performance
Wealth Management
- ARR AUM rose to Rs 2,03,208 crore, a 29.6% YoY increase
- 360 ONE Plus proposition grew by 32.4% YoY
- Distribution and Lending businesses grew by 26.3% and 52.1% YoY, respectively
- Manages assets for over 8,500 relevant families and corporates
Asset Management
- ARR AUM increased to Rs 92,116 crore, up 7.4% YoY
- Growth driven by Private Equity (+21.1% YoY), Real Assets (+39.7% YoY), and customized multi-asset (+11.7% YoY) segments
Strategic Developments
UBS AG Collaboration:
- UBS AG's India wealth management business transfer completed on September 29
- UBS AG subscribed to convertible warrants representing a 4.95% stake in 360 ONE WAM
Dividend Declaration:
- The Board approved a second interim dividend of Rs 6 per share
- Record date set for October 27
Management Commentary
Karan Bhagat, MD & CEO of 360 ONE WAM, commented on the results: "Positive business momentum continued in Q2 across all segments despite a benign macro environment and market sentiment. Overall liquidity events have been supportive, reflecting the underlying strength and confidence in our ecosystem. We are steadily strengthening our teams across geographies and putting in place the building blocks for our collaboration with UBS, where the outlook remains very encouraging."
Bhagat also noted that the integration of B&K is now complete, and the business remains well-positioned for sustained growth. He emphasized that the company's focus on client centricity and product innovation remains the cornerstone of their differentiation and a key driver of sustainable value creation.
The strong financial performance of 360 ONE WAM Limited in Q2 reflects the company's resilience and growth strategy in the wealth and asset management sector. With significant increases in profit, revenue, and AUM, coupled with strategic collaborations and business integrations, the company appears well-positioned for continued growth in the Indian financial services landscape.
Historical Stock Returns for 360 One WAM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.59% | +6.37% | +5.61% | +21.75% | +5.10% | +403.11% |
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