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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹1,115 Cr
verified against source
Revenue YoY
18.6%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
360 One Wam delivered a strong FY26 with total revenue of ₹3,144 crore (+18.6% YoY) and PAT of ₹1,225 crore (+20.7% YoY), driven by robust net flows of ₹55,875 crore (organic +36%) and ARR revenue growth of 34.5%. The wealth and asset management flywheel is gaining traction, with UHNI franchise contributing 12-15% opening AUM net flows annually. Management guided for 20-25% AUM growth and 15-25% PAT growth in wealth, while targeting cost-to-income improvement from ~50% to 46-48% over 2-3 years. Key risks include execution on scaling relationship managers from 200 to 330 and potential attrition in a competitive talent market.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects wealth management AUM to grow 20-25% per year, driven by 12-15% opening AUM net flows and 10-14% market-to-market gains.
- Wealth management profit after tax is expected to grow 15-25% annually over the next 3-4 years.
- Overall cost-to-income ratio, currently ~50%, is targeted to improve to 46-48% over the next 2-3 years through operational leverage.
- Management revised the sustainable quarterly transaction brokerage revenue run-rate from ₹125-130 crore to ₹160-180 crore, with potential to reach ₹200 crore.
Risks flagged
- Scaling senior RMs from ~200 to 330 over 12-18 months is challenging; attrition and competition for talent could slow progress.
- Management acknowledged 2-4% annual attrition risk; loss of top performers could impact client relationships and flows.
- Company received a tax demand of ₹336 crore; while management believes it has strong grounds to appeal, an adverse outcome could impact earnings.
- Transactional brokerage revenue is partly dependent on market conditions; a prolonged downturn could pressure TBR despite diversification.
Key quotes
- Our brand has never been stronger before over the last 18 to 19 years since we started our business in 2008.
- We would be safe to say that 125-130 crores of quarterly TBR now looks like closer to the 175-180 crores of TBR for sure.
- We have to be prepared for 2 to 4% attrition every year.
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