360 One Wam (360ONE) Q4 23/24 earnings summary

Executive summary

• Achieved record consolidated PAT of ₹804.2 Cr for FY24, up 22% YoY, with robust growth in both wealth and asset management segments.

• Total consolidated revenue rose 41.9% YoY to ₹2,924.7 Cr, driven by higher recurring revenues and strong net flows across business lines.

• Assets under management (AUM) reached ₹4,66,909 Cr, up 37% YoY, with ARR AUM at ₹2,27,879 Cr (+36.3% YoY).

• Dividend payout of ₹16.5 per share for FY24, maintaining a payout ratio between 50–75% of consolidated PAT.

Financial highlights

• Consolidated revenue: ₹2,924.7 Cr (+41.9% YoY); PAT: ₹804.2 Cr (+22% YoY).

• ARR revenues: ₹1,331 Cr (+13.6% YoY), representing 72% of operating revenue.

• Cost-to-income ratio: 48.7% (up from 46% YoY), reflecting investments in talent and new business initiatives.

• Tangible ROE: 30.1% (vs. 26.7% YoY); net profit margin: 41%.

• EPS: ₹22.48 (basic), ₹21.86 (diluted).

Outlook and guidance

• Strategic focus on deepening UHNI/HNI client relationships, expanding into tier II/III cities, and growing global business.

• Expect cost-to-income ratio to reduce to 44% over 2–3 years as new business lines mature.

• Targeting continued AUM growth, with sector tailwinds from rising Indian wealth and financialisation of assets.