360 ONE WAM Limited, one of India’s leading wealth and alternate asset managers, has announced its financial results for the quarter ending December 31, 2024, showcasing significant growth and strategic achievements.
Key Financial Highlights
- Revenue Growth: Total revenue rose by 45.4% year-on-year (YoY) to ₹678 crore, driven by strong growth in Annual Recurring Revenue (ARR) AUM.
- Profit After Tax (PAT): Consolidated PAT stood at ₹275 crore, marking a 41.7% YoY increase.
- Revenue from Operations: Recorded ₹605 crore, reflecting a 37.7% YoY growth.
- Assets Under Management (AUM): Total AUM reached ₹5,79,222 crore, a 32.9% YoY rise, with ARR AUM at ₹2,47,999 crore.
Business Segment Highlights
- Wealth Management: ARR AUM grew to ₹1,62,749 crore (+39% YoY). Notable growth in 360 ONE Plus (+49% YoY), along with Distribution and Lending businesses.
- Asset Management: ARR AUM increased to ₹85,250 crore, driven by strong performances in listed equity (+26% YoY), private equity (+24% YoY), and credit segments (+17% YoY).
Karan Bhagat, Founder, MD & CEO of 360 ONE WAM, stated, “Our focus on creating a robust wealth and asset management platform has yielded exceptional results. The strategic acquisition of B&K Securities expands our research, advisory, and execution capabilities, positioning us as a comprehensive market leader.” The company’s tangible net worth rose to ₹5,806 crore with a 24.1% return on equity. CRISIL’s strong ESG rating further reflects its commitment to sustainable practices.
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360 One WAM