Results reported 15 October 2026 | Wealth and asset management
The Quick Take
360 ONE WAM’s operating franchise grew double digits in Q2 FY27, but reported profit fell. Net profit was Rs 302 cr, down 4.4% year on year, because other income swung to a loss of Rs 44 cr on treasury mark-to-market losses, largely from NSE exposure. Operating PBT rose 19.7% to Rs 434 cr.
Q2 FY27 snapshot (consolidated, Rs crore)
| Metric | Q2 FY27 | Comparison |
|---|---|---|
| Revenue from operations | 896 | +17.5% YoY |
| Total revenue | 853 | +4.8% YoY |
| Net profit (PAT) | 302 | -4.4% YoY (Q2 FY26: 316) |
| Operating PBT / PBT | 434 / 391 | Operating PBT +19.7% |
What drove the quarter
- ARR revenue: Rs 706 cr, up 27.5%, now 79% of operating revenue.
- Transaction income: Rs 190 cr, down 9.1%.
- Flows: ARR net flows of Rs 12,482 cr, up from Rs 10,815 cr in Q1.
- AUM: Total AUM Rs 8.99 lakh cr, up 31%; ARR AUM Rs 3.53 lakh cr, up 19.7%.
Management guidance
Management guides net flows at 12 to 15% of opening AUM and says it is confident. It aims to double profits in about 3.5 years, supporting roughly 20% tangible ROE, and expects no capital raise. The second interim dividend is Rs 7.50 per share, record date 23 October 2026.
Risks
- Treasury mark-to-market volatility.
- Falling transaction income.
- Redemptions from Fund P1A of Rs 3,000 to 3,500 cr over 6 to 18 months.
- Competition from digital wealth platforms.
- Slow asset-management ARR AUM growth (+9.4%).
Setup
Neutral. The operating franchise is growing, but reported profit is hit by non-operating items. Watch treasury marks and transaction income in Q3.
This is educational analysis, not personalized investment advice. Do your own research before investing.
#niftyit #NiftyBank #Nifty50 #NSE #BSE #TradingTips #TradingSetup #trending #TradingDiscipline #stocktrading #StockInFocus #StockToWatch #360ONE
Leave a Reply