More Stories

Informist, Thursday, Jan. 15, 2026

 

Please click here to read all liners published on this story

--360 ONE WAM:See gradual improvement in consolidated business over next qtr
--CONTEXT: 360 ONE WAM management's comments in post-earnings analyst call 
--360 ONE WAM: Cost optimisation to reduce cost-to-income ratio 
--360 ONE WAM: Targeting 45-46% cost-to-income ratio FY27 
--360 ONE WAM: Should see 125-150 bps improvement in cost-to-income ratio 
--360 ONE WAM: Retentions to go back to 75-76 bps next qtr onwards 
--360 ONE WAM: Aiming for 22-24% AUM growth over FY26-FY28 
--360 ONE WAM: Aiming for 16-18% revenue growth over FY26-FY28 
--360 ONE WAM: Aiming for 22-24% growth in PAT over FY26-FY28 

 

By Eshitva Prakash and Priyasmita Dutta

MUMBAI – 360 ONE WAM Ltd. expects its net profit to increase 22–24% over three years starting 2025–26 (Apr-Mar), Managing Director Karan Bhagat said in a conference call with analysts. The company's management sees its top line growing at 16–18% over FY26–FY28. The management said the company's total assets under management will likely grow 22–24% over this period.

 

The wealth management company reported a 28% year-on-year rise in its total annual recurring revenue assets under management to around INR 3.18 trillion. This growth was supported by net flows of INR 147.58 billion, the company's management said. "We expect this momentum to sustain as our newly on-boarded high-quality teams continue to mature and achieve scale," Sanjay Wadhwa, chief financial officer of the company, said.

 

Reducing the company's cost to income ratio is one of the most important tasks in the next financial year, Bhagat said. The managing director sees a 125-150 basis point improvement in the cost to income ratio and expects the figure to moderate to 45–46% in FY27, from 48.3% in the December quarter.

 

The management expects retentions to slip back to the 75–76 bps level in the March quarter. In the December quarter, the company reported an 81 bps annual recurring revenue retention. "The six basis points (difference in expectation as compared to December quarter figures) refers to the incremental carry that has come in and that has been recognised in this (December) quarter itself," the management said. "We have a carry accrual policy, a relatively conservative carry accrual policy. And this is just referring to the incremental carry that's come in on a normalised basis."

 

The management said it wishes to improve the company's discretionary portfolio management service in the next 12–24 months. "I think discretionary PMS... is the toughest kind of franchise to build," the management said. "It (discretionary portfolio management service) represents the maximum trust the client can have with you because he's kind of giving you full freedom on a multiple, multi-asset class basis, to manage his money and kind of just do a review with him once in a quarter."

 

For the quarter ended December, the company reported a consolidated net profit of INR 3.27 billion on a revenue of INR 11.81 billion. On Wednesday, shares of 360 ONE WAM ended over 1% higher at INR 1,149.20 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.