360 One Wam (360ONE) Q2 25/26 earnings summary

Executive summary

• PAT for Q2 FY26 reached INR 316 crore, up 27.7% YoY, with tangible ROE at 20.6%.

• Total ARR AUM rose to INR 2,95,324 crore, up 21.7% YoY, and total AUM reached INR 6,71,625 crore, up 18% YoY.

• Integration of B&K Securities and acquisition of UBS AG's India wealth management business completed.

• Board approved a second interim dividend of INR 6 per share.

Financial highlights

• Total revenue for Q2 FY26 was INR 813 crore, up 31.5% YoY; revenue from operations was INR 763 crore, up 29.6% YoY.

• ARR revenue for Q2 grew 39.4% YoY to INR 554 crore, representing 73% of total operational revenue.

• Operating PBT for Q2 FY26 was INR 363 crore, up 25.4% YoY.

• Cost-to-income ratio at 49.2%; total costs at INR 400 crore.

Outlook and guidance

• Confident in maintaining 10%-12% net flows as a percentage of opening AUM for the year.

• Cost-to-income ratio expected to improve to 47%-48% in Q3/Q4 next year and 45%-46% the year after.

• Strategic collaboration with UBS progressing, with business synergies and future growth expected.