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Informist, Thursday, Apr. 16, 2026

By Nandini Sinha

MUMBAI – Asset management company 360 ONE WAM Ltd. is expected to post a healthy on-year growth in its consolidated net profit and net sales for the March quarter on the back of steady inflows, according to brokerages tracking the company. However, the company is expected to report weak earnings on a sequential basis due to lower transactional income and mark-to-market impact on other income.

The company's consolidated net profit is expected to rise nearly 17% on year to INR 2.91 billion, according to the average of estimates from four brokerages. However, the metric is expected to fall over 11% sequentially from INR 3.27 billion. The highest estimate for the net profit is INR 3.12 billion from Motilal Oswal Financial Services Ltd., while the lowest estimate is INR 2.68 billion from Kotak Securities Ltd. The company will report its March quarter earnings on Tuesday.

Net sales are expected to rise 17% on year to INR 7.65 billion, but fall 5% sequentially for the reporting quarter, according to the average of estimates. The company had posted net sales of INR 8.06 billion in the December quarter. The highest estimate for the company's net sales is INR 8.09 billion from Motilal Oswal, while the lowest estimate is INR 7.35 billion from Kotak Securities.

"Earnings growth to be impacted by MTM (mark-to-market) hit for AMCs (asset management companies); operating profit growth remains strong," Kotak said about 360 ONE WAM in a pre-earnings report. The company's transaction income is expected to decline in the March quarter due to fewer initial public offerings and a volatile market environment, according to Motilal Oswal. JM Financial Institutional Securities Pvt. Ltd. said "the brunt of March weakness" will only reflect in the numbers of the June quarter of 2026-27 (Apr-Mar).

The wealth management company is expected to post a 30% on-year rise in its average assets under management, according to Kotak Securities. The company's assets under management were INR 7.11 trillion as on Dec. 31.

The company's annual recurring revenue and yields are expected to decline sequentially, according to Equirus Securities Pvt. Ltd. and Motilal Oswal. "Sequential ARR (annual recurring revenue) yields are expected to decline, driven by lower yields in the wealth management segment, while asset management yields remain stable," according to Motilal Oswal. For the December quarter, 360 ONE WAM had reported an annual recurring revenue of INR 6.19 billion. Performance of the company, cost of new business ventures, and entry into new geographies are the key factors to be monitored, the brokerage firm said.

Shares of 360 ONE WAM have fallen nearly 10% since its December quarter earnings were announced. Thursday, the stock closed at INR 1,076.45 apiece on the National Stock Exchange, up nearly 2%.

All three brokerage reports on the company available with Informist have a 'buy' recommendation on the stock with an average target price of INR 1,360 per share. This is over 21% higher than the current market price.

Following are the March quarter earnings estimates of 360 ONE WAM from four brokerages in descending order of the estimate of net profit in INR billion:

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Edited by Deepshikha Bhardwaj

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