Image Source : Business Upturn
360 ONE WAM Ltd has reported a strong financial performance for the June quarter, underscoring its leadership in wealth and asset management.
Key Highlights:
Consolidated revenue from operations reached ₹9.11 billion, driven by robust growth in recurring and transactional income streams.
Net profit stood at ₹2.85 billion, reflecting healthy margins and operational efficiency.
Business Performance:
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Assets under management surged to ₹5.21 trillion, with annual recurring revenue (ARR) AUM at ₹2.21 trillion.
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The company onboarded over 150 highnetworth clients, each with more than ₹100 million in ARR AUM.
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ARR retention remained stable at 72 basis points, indicating strong client stickiness.
Strategic Moves:
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360 ONE announced the acquisition of ET Money, expanding its digital advisory footprint.
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The board approved an interim dividend of ₹2.50 per share, reinforcing shareholder value creation.
Sources: Business Standard, Primeinfobase, Moneycontrol, Economic Times, 360 ONE WAM Investor Filings.
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