360 ONE WAM reported its financial results for the second quarter of FY25, showcasing significant growth year-on-year (YoY) but facing some challenges on a quarter-on-quarter (QoQ) basis. The company’s transaction and brokerage income took a hit, declining by 15% QoQ, impacting the overall performance.
Key Financial Highlights:
- Net Profit: The consolidated net profit for Q2 FY25 increased by 33.4% YoY to ₹247 crore compared to ₹185 crore in Q2 FY24. This growth was driven by higher revenues and efficient cost management.
- Revenue from Operations: Revenue from operations rose by 37.7% YoY to ₹589 crore, up from ₹427 crore in Q2 FY24, primarily due to increased activity in the wealth management and brokerage segments.
- Total Revenue: Total revenue for the quarter stood at ₹618 crore, reflecting a 40.1% rise from ₹441 crore in Q2 FY24, with other income contributing ₹30 crore, up from ₹14 crore last year.
- Operating Profit Before Tax (OPBT): The operating profit before tax decreased by 13.7% QoQ to ₹289 crore but saw a 35.8% YoY increase compared to ₹213 crore in Q2 FY24, with the QoQ decline attributed to a rise in total expenses.
- Total Expenses: Total expenses for Q2 FY25 stood at ₹299 crore, marking a 39.6% increase from ₹214 crore in Q2 FY24, driven by increased business activities and operating costs.
As of 9:39 AM, the shares were trading 3.38% lower at ₹1,067.55 on the NSE, reflecting the market’s reaction to the company’s quarterly performance.
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360 One WAM