360 ONE WAM LIMITED (360ONE)
₹1,075.00 +0.19% last close, 16 Oct
Q2 FY27 results
360 ONE WAM LIMITED reported Q2 FY27 results on 15 Oct 2026: net interest income ₹782 Cr, and net profit ₹300 Cr (-4.9% year on year).
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹782 | — | -10.3% |
| Operating profit | ₹391 | -7.0% | -7.8% |
| Net profit | ₹300 | -4.9% | -9.2% |
| EPS (₹) | 7.37 | -5.5% | -9.3% |
- Profit -20% below its own trend
Against its own trend: net profit of ₹300 Cr was -19.6% against the ₹373 Cr its recent growth pointed to (below trend). This is a statistical baseline, not an analyst estimate.
Share price since the results: +0.2% (close before the filing to the latest close).
360ONE delivery percentage and open interest
NSE end-of-day data for
On Fri, 16 Oct 2026, 35.74% of the 360ONE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.65%. That is lower than usual for this stock. In 360ONE futures, open interest rose 3.88% while the futures price fell 0.85%: short buildup (new short positions). NSE's short-selling report for 15 Oct lists 500 360ONE shares sold short, 0.12% of that day's volume.
Delivery in the last 5 sessions: 43.8% · 58.0% · 41.3% · 43.7% · 35.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
360 ONE WAM Limited has circulated an email communication to shareholders regarding tax deduction at source (TDS) for its second interim dividend of FY 2026-27. The Board declared a dividend of Rs. 7.50 per equity share of face value Re. 1.00 each at its meeting on October 15, 2026. The record date for determining shareholder eligibility and for submitting tax exemption documentation is Friday, October 23, 2026. Standard withholding tax rates apply: 10% for residents with valid PAN, 20% for non-PAN/inoperative PAN, and treaty/statutory rates for non-residents.
- Second interim dividend declared at Rs. 7.50 per equity share of face value Re. 1.00
- Record date set for Friday, October 23, 2026, for determining eligibility and document submission
- TDS rate of 10% for resident shareholders with valid PAN; exemption applies if annual dividend does not exceed Rs. 10,000
- Higher TDS rate of 20% applicable for invalid, inoperative, or missing PAN under the Act
360 ONE WAM reported a 4.4% YoY decline in Q2 FY27 Consolidated Profit After Tax to Rs 302 crore, down from Rs 316 crore in Q2 FY26. Total revenue rose 4.8% YoY to Rs 853 crore, supported by a 27.5% YoY rise in Annual Recurring Revenue (ARR) to Rs 706 crore, even as transactional/brokerage income declined 9.1% YoY to Rs 190 crore. Total Assets Under Management reached Rs 8,99,481 crore, with ARR AUM climbing to Rs 3,53,382 crore with net inflows of Rs 12,482 crore. The Board declared a second interim dividend of Rs 7.50 per share with the record date set for October 23, 2026.
- Q2 FY27 Consolidated PAT stood at Rs 302 crore, down 4.4% YoY and 8.4% QoQ
- Revenue from operations grew 17.5% YoY to Rs 896 crore, while ARR rose 27.5% YoY to Rs 706 crore
- Total AUM reached Rs 8,99,481 crore with ARR AUM at Rs 3,53,382 crore and quarterly ARR net inflows of Rs 12,482 crore
- Declared second interim dividend of Rs 7.50 per equity share with record date on October 23, 2026
360 ONE WAM reported its Q2 FY27 results with total revenue rising 4.8% YoY to ₹853 crore, while consolidated PAT fell 4.4% YoY to ₹302 crore. Growth was powered by Annual Recurring Revenue (ARR) which climbed 27.5% YoY to ₹706 crore, supported by total ARR AUM reaching ₹3,53,382 crore. However, net profitability was dampened by a negative 'Other Income' figure of ₹(44) crore compared to ₹51 crore in Q2 FY26. The Board approved an interim dividend of ₹7.50 per share.
- Q2 FY27 Profit After Tax stood at ₹302 crore, down 4.4% YoY and 8.4% QoQ
- Revenue from operations increased 17.5% YoY to ₹896 crore, while ARR revenue jumped 27.5% YoY to ₹706 crore
- Overall AUM stood at ₹8,99,481 crore, with ARR AUM expanding to ₹3,53,382 crore
- Board approved an interim dividend of ₹7.50 per share
- Net ARR flows reached ₹12,482 crore for the quarter, with combined ARR retention holding at 79 bps
360 ONE WAM reported a 4.4% YoY decline in Q2 FY27 Consolidated Profit After Tax to Rs 302 crore, down from Rs 316 crore in Q2 FY26. Total revenue rose 4.8% YoY to Rs 853 crore, supported by a 27.5% YoY rise in Annual Recurring Revenue (ARR) to Rs 706 crore, even as transactional/brokerage income declined 9.1% YoY to Rs 190 crore. Total Assets Under Management reached Rs 8,99,481 crore, with ARR AUM climbing to Rs 3,53,382 crore with net inflows of Rs 12,482 crore. The Board declared a second interim dividend of Rs 7.50 per share with the record date set for October 23, 2026.
- Q2 FY27 Consolidated PAT stood at Rs 302 crore, down 4.4% YoY and 8.4% QoQ
- Revenue from operations grew 17.5% YoY to Rs 896 crore, while ARR rose 27.5% YoY to Rs 706 crore
- Total AUM reached Rs 8,99,481 crore with ARR AUM at Rs 3,53,382 crore and quarterly ARR net inflows of Rs 12,482 crore
- Declared second interim dividend of Rs 7.50 per equity share with record date on October 23, 2026
360 ONE WAM reported a 4.4% YoY decline in Q2 FY27 Consolidated Profit After Tax to Rs 302 crore, down from Rs 316 crore in Q2 FY26. Total revenue rose 4.8% YoY to Rs 853 crore, supported by a 27.5% YoY rise in Annual Recurring Revenue (ARR) to Rs 706 crore, even as transactional/brokerage income declined 9.1% YoY to Rs 190 crore. Total Assets Under Management reached Rs 8,99,481 crore, with ARR AUM climbing to Rs 3,53,382 crore with net inflows of Rs 12,482 crore. The Board declared a second interim dividend of Rs 7.50 per share with the record date set for October 23, 2026.
- Q2 FY27 Consolidated PAT stood at Rs 302 crore, down 4.4% YoY and 8.4% QoQ
- Revenue from operations grew 17.5% YoY to Rs 896 crore, while ARR rose 27.5% YoY to Rs 706 crore
- Total AUM reached Rs 8,99,481 crore with ARR AUM at Rs 3,53,382 crore and quarterly ARR net inflows of Rs 12,482 crore
- Declared second interim dividend of Rs 7.50 per equity share with record date on October 23, 2026
360 ONE WAM Limited has scheduled its Board of Directors meeting on Thursday, October 15, 2026. The board will consider and approve standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, the board will consider the declaration of a second interim dividend for FY 2026-27. An earnings conference call is scheduled post-board meeting at 5:30 p.m. IST on the same day.
- Board meeting scheduled for Thursday, October 15, 2026
- Agenda includes Q2 and H1 FY27 standalone and consolidated financial results
- Board to consider declaration of second interim dividend for FY 2026-27
- Earnings call scheduled for October 15, 2026, at 5:30 p.m. IST
360 ONE WAM Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, dated October 3, 2026. It confirms that securities received for dematerialisation during the quarter were processed, confirmed to depositories, and mutilated/cancelled as required. This is a standard quarterly administrative filing with no operational or financial impact.
- Quarter ended: September 30, 2026
- RTA confirmation certificate dated: October 3, 2026
- Filing made under SEBI Regulation 74(5) on October 7, 2026
360 ONE WAM Limited has appointed veteran investment banker Aashish Agarwal as Chief Executive Officer, effective February 15, 2027. Founder Karan Bhagat will transition from MD & CEO to Vice-Chairman and Managing Director effective the same date, continuing his tenure until July 26, 2030, to lead group strategy and capital allocation. Agarwal brings over two decades of capital markets leadership, having served as MD and Country Head at Jefferies India for the past 6 years and 13 years at CLSA. The company manages over ₹7.8 lakh crore ($82 billion) in assets across wealth management, asset management, and capital markets verticals.
- Aashish Agarwal appointed as CEO effective February 15, 2027, joining from Jefferies where he led India operations for 6 years
- Current MD & CEO Karan Bhagat appointed as Vice-Chairman and Managing Director effective February 15, 2027, with his term approved till July 26, 2030
- Company currently manages over ₹7.8 lakh crore ($82 billion) in total assets across wealth and asset management
- Servicing base spans over 8,900 families, corporates, and institutions
360 ONE WAM Limited has appointed veteran investment banker Aashish Agarwal as Chief Executive Officer, effective February 15, 2027. Founder Karan Bhagat will transition from MD & CEO to Vice-Chairman and Managing Director effective the same date, continuing his tenure until July 26, 2030, to lead group strategy and capital allocation. Agarwal brings over two decades of capital markets leadership, having served as MD and Country Head at Jefferies India for the past 6 years and 13 years at CLSA. The company manages over ₹7.8 lakh crore ($82 billion) in assets across wealth management, asset management, and capital markets verticals.
- Aashish Agarwal appointed as CEO effective February 15, 2027, joining from Jefferies where he led India operations for 6 years
- Current MD & CEO Karan Bhagat appointed as Vice-Chairman and Managing Director effective February 15, 2027, with his term approved till July 26, 2030
- Company currently manages over ₹7.8 lakh crore ($82 billion) in total assets across wealth and asset management
- Servicing base spans over 8,900 families, corporates, and institutions
360 ONE WAM Limited has appointed veteran investment banker Aashish Agarwal as Chief Executive Officer, effective February 15, 2027. Founder Karan Bhagat will transition from MD & CEO to Vice-Chairman and Managing Director effective the same date, continuing his tenure until July 26, 2030, to lead group strategy and capital allocation. Agarwal brings over two decades of capital markets leadership, having served as MD and Country Head at Jefferies India for the past 6 years and 13 years at CLSA. The company manages over ₹7.8 lakh crore ($82 billion) in assets across wealth management, asset management, and capital markets verticals.
- Aashish Agarwal appointed as CEO effective February 15, 2027, joining from Jefferies where he led India operations for 6 years
- Current MD & CEO Karan Bhagat appointed as Vice-Chairman and Managing Director effective February 15, 2027, with his term approved till July 26, 2030
- Company currently manages over ₹7.8 lakh crore ($82 billion) in total assets across wealth and asset management
- Servicing base spans over 8,900 families, corporates, and institutions
360 ONE WAM Limited has informed the exchanges that SEBI-registered Category II ESG rating provider Niche Ninety Nine Capability and Certifications (OPC) Private Limited has assigned an ESG rating of 72.44 to the company. The announcement is an intimation under Regulation 30 of SEBI LODR. This assessment provides an external benchmark on the firm's environmental, social, and governance practices, but carries no direct short-term operational or financial impact.
- Assigned an ESG rating score of 72.44
- Rating assigned by SEBI-registered Category II ESG rating provider Niche Ninety Nine Capability and Certifications (OPC) Private Limited
- Filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on September 18, 2026
360 ONE WAM Limited has allotted 3,49,696 equity shares of face value Re. 1/- each pursuant to the exercise of stock options under its ESOP scheme. Consequently, the company's paid-up share capital increased from Rs. 40,75,64,504 to Rs. 40,79,14,200. This represents an extremely minor equity dilution of less than 0.09% of the existing share capital. The allotment was approved by the Nomination and Remuneration Committee via a circular resolution on September 17, 2026.
- Allotment of 3,49,696 equity shares of face value Re. 1/- each upon ESOP exercise
- Paid-up share capital increased from Rs. 40,75,64,504 to Rs. 40,79,14,200
- Total number of issued equity shares expanded from 40,75,64,504 to 40,79,14,200
- Approved by the Nomination and Remuneration Committee via resolution on September 17, 2026
360 ONE WAM Limited has informed the stock exchanges that ESG Risk Assessments & Insights Limited has assigned an ESG rating of '55' to the company. The rating agency is registered with SEBI as a 'Category I' ESG rating provider. This is a routine ESG disclosure under Regulation 30 and has no direct financial or operational impact on the company's ₹4,581 crore TTM revenue base.
- ESG Risk Assessments & Insights Limited assigned an ESG rating of '55' to the company
- Rating provider is registered with SEBI as a 'Category I' ESG rating provider
- Intimation submitted under Regulation 30 on September 9, 2026
360 ONE WAM Limited submitted the scrutinizer's report and voting results for its 19th Annual General Meeting held on September 2, 2026. All 6 ordinary and special resolutions were approved by shareholders with the requisite majority, with overall voter turnout at ~90.9%. Resolutions included the adoption of standalone and consolidated FY26 financial statements, reappointment of directors, and approval of the 360 ONE Employee Stock Appreciation Rights Scheme 2026 for employees of the company and subsidiaries (passed with 98.77% approval). Notably, the reappointment of director Mr. Pavninder Singh saw 32.80% total votes cast against (including 55.72% institutional dissent), though it passed.
- All 6 resolutions passed with requisite majority at the 19th AGM held on September 2, 2026
- Approval of FY26 standalone and consolidated financial statements passed with 99.79% votes in favor
- 360 ONE Employee Stock Appreciation Rights Scheme 2026 approved with 98.77% votes in favor
- Director Pavninder Singh reappointed with 67.20% total votes in favor, despite 32.80% votes against (12.15 cr votes against)
- Overall voter participation was 90.92% of total voting shares (37.05 cr votes polled out of 40.75 cr shares)
360 ONE WAM Limited conducted its 19th Annual General Meeting on September 2, 2026, via Video Conferencing, attended by 119 members representing 1,56,27,895 shares. Key agenda items included the adoption of FY26 standalone and consolidated financial statements and the reappointment of retiring directors. Additionally, special resolutions were considered to approve and extend the 360 ONE Employee Stock Appreciation Rights (ESAR) Scheme 2026 to employees of the company and its wholly owned subsidiaries. Final voting results and the Scrutinizer's report will be disclosed separately.
- 19th AGM held on September 2, 2026, with 119 members attending representing 1,56,27,895 shares
- Special resolutions tabled for the adoption and extension of the 360 ONE Employee Stock Appreciation Rights Scheme 2026
- Auditor's report for FY26 contained no qualifications, adverse observations, or material modifications
- Remote e-voting took place from August 28 to September 1, 2026, based on the August 26 cut-off date
Financial Performance
Revenue Growth by Segment
Wealth Management revenue grew 35.5% to INR 1,845 Cr in FY25, with H1 FY26 revenue reaching INR 1,057 Cr (up 19.9% YoY). Asset Management revenue for H1 FY26 stood at INR 368 Cr, representing a 45.6% YoY increase from INR 253 Cr in H1 FY25.
Geographic Revenue Split
100% of revenue is derived from India-based operations, focusing on the domestic UHNI, HNI, and mass affluent segments.
Profitability Margins
Operating PBT margin stood at 44.6% in Q2 FY26 (INR 363 Cr PBT on INR 813 Cr revenue). Tangible RoE was 24.3% in FY25, down from 30.1% in FY24 due to the equity base expansion following the INR 2,250 Cr QIP.
EBITDA Margin
Operating PBT margin was 44.6% in Q2 FY26, reflecting core profitability after accounting for a 33.7% YoY increase in total costs to INR 400 Cr.
Capital Expenditure
INR 2,250 Cr was raised via QIP in October 2024, with INR 1,200 Cr deployed to strengthen the lending base of 360 ONE Prime and INR 800 Cr infused into the alternates asset management business.
Credit Rating & Borrowing
The company maintains an [ICRA]A1+ rating for its commercial paper programme, with borrowing costs for recent placements ranging between 7.00% and 7.10%.
Operational Drivers
Raw Materials
Not applicable for financial services; however, employee compensation represents the largest operational cost at 71.25% of total costs (INR 285 Cr out of INR 400 Cr) in Q2 FY26.
Capacity Expansion
Current capacity includes 90 team leaders and over 128 relationship managers (RMs) as of March 2025. Expansion is driven by onboarding new RM teams to compensate for recent exits and support the HNI segment build-out.
Raw Material Costs
Employee costs rose 27.1% YoY to INR 285 Cr in Q2 FY26, driven by the integration of B&K Securities and ET Money teams.
Manufacturing Efficiency
Cost-to-income ratio stood at 49.2% in Q2 FY26; management targets a long-term reduction to 45-46% as new business initiatives like ET Money and the HNI segment turn productive.
Strategic Growth
Expected Growth Rate
21.70%
Growth Strategy
Growth is targeted through the integration of B&K Securities for equity advisory, the acquisition of UBS AG's India wealth business to expand the UHNI footprint, and leveraging ET Money to capture the mass affluent market.
Products & Services
Wealth advisory, Alternative Investment Funds (AIFs), Portfolio Management Services (PMS), Mutual Funds, Managed Accounts, and lending products including Loan Against Shares (LAS) and Loan Against Property (LAP).
Brand Portfolio
360 ONE, ET Money, B&K Securities.
New Products/Services
360 ONE Plus proposition and expansion into the HNI segment, which saw ARR AUM growth of 32.4% YoY in Q2 FY26.
Market Expansion
Expansion into the mass affluent segment via ET Money and the mid-market HNI segment to diversify the client base beyond the core UHNI segment.
Market Share & Ranking
Maintains a leading market position in the Indian wealth management industry, supported by INR 6,71,625 Cr in total AUM.
Strategic Alliances
Strategic collaboration with UBS AG for the transfer of its India wealth management business, completed in September 2025.
External Factors
Industry Trends
The industry is shifting from a broker-led model to an advisory-led model to reduce regulatory uncertainty; growth is driven by India's aspiration to become a developed economy by 2047.
Competitive Landscape
Faces competition from private banks and boutique wealth managers; differentiates through its '360 ONE Plus' advisory proposition and alternates platform.
Competitive Moat
Brand equity and a base of 8,500+ UHNI families create high switching costs, evidenced by a low 1.1% client attrition rate in FY25. This moat is sustainable due to the common senior management team and strong financial synergies.
Macro Economic Sensitivity
Highly sensitive to capital market movements; transaction-based income (36% of FY25 revenue) fluctuates directly with market sentiment and trading activity.
Consumer Behavior
Rising demand for seamless digital engagements and professional wealth management among the expanding affluent population.
Geopolitical Risks
Global market volatility can adversely impact AUM valuations and institutional mandates, affecting the 0.81% ARR retention in Asset Management.
Regulatory & Governance
Industry Regulations
Subject to RBI NBFC regulations for 360 ONE Prime, which maintained a capital-to-risk weighted assets ratio of 29.6% as of June 2025, well above regulatory minimums.
Environmental Compliance
Service-oriented model limits direct environmental risk; the company has adopted a Board-approved ESG policy to manage indirect credit risks.
Taxation Policy Impact
Standard corporate tax rates apply; management has guided toward lower dividend payouts to retain capital for the growth of 360 ONE Prime and 360 ONE AAM.
Risk Analysis
Key Uncertainties
Regulatory changes in distribution fees and RM attrition (loss of key teams) could impact AUM by 1-2% and increase periodic revenue volatility.
Geographic Concentration Risk
100% of revenue is concentrated in the Indian market, making the firm highly dependent on domestic economic growth and local capital market performance.
Third Party Dependencies
Dependency on marquee institutional investors like Bain Capital (18.21% stake) for financial flexibility and capital raising ability.
Technology Obsolescence Risk
Mitigated by strategic investments in the ET Money digital platform to capture the tech-savvy mass affluent segment.
Credit & Counterparty Risk
360 ONE Prime lending book (INR 7,711 Cr) is 86% LAS, which utilizes highly liquid collateral, thereby reducing credit exposure risks.
