360 ONE WAM LIMITED has informed the Exchange about transcript of the earnings call held on Thursday, July 17, 2025
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360 ONE WAM reported its highest-ever quarterly PAT of Rs 287 Crs, up 18% YoY for Q1 FY26. Total ARR AUM grew 30% YoY to Rs 2,87,317 Crs, supported by net flows of Rs 20,950 Crs (including Rs 18,266 Crs from the B&K Securities acquisition). ARR Revenue rose 35.9% YoY to Rs 511 Crs, while total revenue stood at Rs 725 Crs. The cost-to-income ratio improved to 48.4% from 50.7% in Q4 FY25, with management guiding for further gradual improvement. Tangible RoE was 19.6%, expected to improve as recently deployed capital reflects in earnings. Key strategic updates include the successful completion of the B&K acquisition, all approvals received for the UBS collaboration (closing in 1-2 months), and a sharp reduction in ET Money's losses from Rs 55-60 Crs/year to Rs 25 Crs/year.
Strong quarterly results with record PAT and improved cost-to-income ratio signal operational momentum. The B&K and UBS deals should drive future AUM and revenue growth, though near-term attrition from two team departures cost Rs 3,500-4,000 Crs in outflows. Management's guidance for 12-15% net flow growth on opening AUM provides visibility for FY26.