360 One Wam (360ONE) Q4 25/26 earnings summary

Executive summary

• FY26 marked a landmark year with consolidated PAT reaching INR 1,225 crore, up 20.7% YoY, and total AUM at INR 6,74,492 crore, up 16% YoY, driven by strong recurring revenue and platform expansion despite market volatility and global uncertainties.

• ARR AUM grew 26.4% YoY to INR 3,11,940 crore, with robust net flows and increased investor preference for alternatives.

• Strategic initiatives included integration and rebranding of B&K Securities as 360 ONE Capital, expansion in HNI/UHNI segments, and progress in UBS collaboration.

• The consolidated platform spans wealth management, asset management, and capital markets, serving over 8,500 client families and corporates.

• Multiple industry awards and leadership appointments, including CEO of Alternates Asset Management.

Financial highlights

• Total ARR AUM reached INR 3,11,940 crore, up 26.4% YoY; total AUM at INR 6,74,492 crore as of March 2026, a 22% CAGR over five years.

• FY26 ARR revenue was INR 2,289 crore, up 34.5% YoY, now 75% of total revenue; total revenue from operations was INR 3,066 crore, up 25.4% YoY.

• Full-year PAT reached INR 1,225 crore, up 20.7% YoY; operating PBT at INR 1,498 crore, up 22% YoY.

• Tangible ROE stood at 19.3%; cost-to-income ratio at 49.9%.

• Dividend per share for FY26 was INR 12.0, with an interim dividend of INR 6 per share for FY27.

Outlook and guidance

• Targeting 12%-15% net flows of opening AUM annually, aiming for 20%-25% AUM growth and 15%-25% profit growth.

• Focus on growing ARR AUM and recurring revenues, with continued investments in technology, digital platforms, and strategic collaborations such as UBS.

• Confident in sustaining 10%-14% mark-to-market returns and growing relationship managers by 25%-30% annually.

• Expecting gradual improvement in cost-to-income ratios as new businesses scale.

• Emphasis on organic growth and selective strategic initiatives for long-term value creation.