Mumbai, January 28, 2025 – 360 ONE WAM Limited (NSE: 360ONE, BSE: 542772) has announced its Q3 FY25 financial results, reporting a 14.6% year-on-year (YoY) increase in revenue, reaching ₹746.25 crore, while net profit stood at ₹264.17 crore, reflecting strong growth in its wealth and asset management businesses.
Key Financial Highlights – Q3 FY25 (Consolidated)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹746.25 crore | ₹651.01 crore | +14.6% |
| Total Income | ₹754.98 crore | ₹660.48 crore | +14.3% |
| Net Profit (PAT) | ₹264.17 crore | ₹217.85 crore | +21.3% |
| Earnings Per Share (EPS) | ₹7.26 | ₹5.98 | +21.4% |
- Revenue: ₹2,234.15 crore (+12.8% YoY).
- Net Profit: ₹779.93 crore (+18.5% YoY).
Segment-Wise Performance
- Wealth Management: ₹752.72 crore revenue (+14.9% YoY).
- Asset Management: ₹34.53 crore revenue (+9.1% YoY).
- Advisory Services: Strong demand for structured wealth solutions and alternative investments.
Strategic Developments & Capital Market Moves
- ₹2,250 Crore QIP Fundraising
- Issued 22.21 million shares at ₹1,013 per share on October 29, 2024.
- Funds raised for business expansion, technology investments, and acquisitions.
- Major Capital Infusions in Subsidiaries
- ₹1,199.80 crore into 360 ONE Prime Limited (formerly IIFL Wealth Prime).
- ₹820 crore into 360 ONE Alternates Asset Management.
- Acquisition of Moneygoals Solutions Limited (ET Money)
- Acquired for ₹365.83 crore from Times Internet Limited and Banyantree Services.
- Strengthening digital wealth management and fintech presence.
- Settlement of UK Legal Dispute
- Paid GBP 11.10 million (₹117.10 crore) to resolve a lawsuit related to former IIFL entities.
Management Commentary
Karan Bhagat, Managing Director, 360 ONE WAM Limited, stated:"Our strong financial performance reflects growth across our wealth and asset management verticals. With strategic acquisitions, technology investments, and capital expansion, we are positioned for long-term value creation."