360 One Wam (360ONE) Q3 25/26 earnings summary

Executive summary

• PAT for Q3 FY26 reached INR 331 crores, up 20.3% year-on-year, with total revenue at INR 826 crores, up 21.8% year-on-year, driven by strong recurring AUM growth.

• Total AUM stood at INR 7,11,398 crores as of December 2025, with ARR AUM at INR 3,17,906 crores, up 28.2% year-on-year.

• Wealth Management ARR AUM rose 34.5% year-on-year to INR 2,18,957 crores; Asset Management ARR AUM increased 16.1% year-on-year to INR 98,949 crores.

• Strategic initiatives included a global collaboration with UBS, rebranding of B&K Securities to 360 ONE Capital, and technology investments in AI and platform enhancements.

• The company maintained strong leadership in wealth and asset management, serving over 8,500 clients and managing more than 245,000 folios.

Financial highlights

• Revenue from operations for Q3 FY26 was INR 806 crores, up 33.2% year-on-year; total revenue up 21.8% year-on-year to INR 826 crores.

• ARR revenue grew 45.4% year-on-year to INR 619 crores, representing 77% of total revenue from operations.

• Transaction and broking revenues increased 4.2% to INR 186 crores.

• Cost-to-income ratio stood at 48.3%, with total costs flat sequentially at INR 399 crores.

• Tangible ROE stood at 21.0% for Q3 FY26.

Outlook and guidance

• Management targets 22%-24% AUM growth, 16%-18% revenue growth, and 20%-24% profit growth annually over the next three years.

• Net flows guidance remains at 10%-12% of closing AUM, with absolute targets rising as AUM base expands.

• Cost-to-income ratio expected to improve to 45%-46% next year, driven by operating leverage and business maturation.

• Continued focus on expanding ARR AUM and leveraging strategic collaborations for growth.

• Positioned to capture opportunities in mass affluent and institutional segments.