360 ONE WAM Q1 FY27 Results: PAT Rises 14.8% YoY to ₹330 Crore; Revenue Climbs 20%, AUM Nears ₹7.8 Lakh Crore

What Happened ?

key details

Business Performance:

• Overall Assets Under Management reached ₹7.77 lakh crore.
• ARR Assets Under Management stood at ₹3.42 lakh crore, increasing 19% YoY.
• Quarterly ARR net inflows were ₹10,815 crore.
• The company continues to serve 8,900+ client families and corporates through its wealth management platform.
• Tangible Return on Equity improved to 19.4%. 

Wealth Management:

The wealth management business remained the primary growth engine during the quarter.

Key developments

• Wealth ARR AUM increased to ₹2,41,896 crore (+24.2% YoY).
• 360 ONE Plus proposition recorded 39.4% YoY growth.
• Distribution assets expanded 11.9% YoY.
• Lending book continued to grow alongside client assets.
• The company now manages wealth for over 8,900 families and corporates. 

Asset Management:

Asset Management delivered stable growth led by alternative investments.

Highlights

• ARR AUM reached ₹1,00,139 crore (+8.2% YoY).
• Growth was supported by:
  • Private Equity
  • Private Credit
  • Real Assets
• Alternative Investment Fund AUM increased 24.7% YoY.
• Mutual Fund AUM grew 9.8% YoY. 

Revenue Drivers:

Revenue expansion was primarily supported by recurring fee income.

Major Contributors

• Annual Recurring Revenue increased 20.3% YoY to ₹614 crore.
• Revenue from Operations increased 24.2% YoY.
• Transaction & Brokerage Income rose 37.3% YoY despite a sequential moderation from Q4 FY26.
• Combined ARR retention remained healthy at 74 basis points. 

Operational Highlights:

• Employee expenses increased as the company continued investing in talent and business expansion.
• Cost-to-income ratio stood at 51.3%.
• Tangible Net Worth increased to ₹6,882 crore.
• The company maintained strong profitability despite higher operating expenses. 

Investor Relevance:

• The quarter demonstrates continued execution of 360 ONE’s strategy of expanding fee-generating assets rather than relying solely on transactional income.
• Growth in ARR assets, healthy client inflows and higher recurring revenues provide better earnings visibility and strengthen long-term profitability.
• While operating costs increased, the company maintained double-digit profit growth and healthy return ratios, reflecting scalable operating performance. 

Risk Analysis

Summary:

• The business continues to benefit from strong inflows and recurring revenue; however, profitability remains sensitive to market conditions, asset valuations and operating cost expansion.

Key Risks:

• Continued increase in employee and operating expenses could pressure margins.
• Transaction and brokerage income remains dependent on market activity.
• Sustained market volatility may affect AUM growth and investor flows.
• Slower net inflows could moderate future recurring revenue growth.

Worst Case:

• A prolonged correction in financial markets may reduce client activity, lower transactional income, slow AUM growth and compress profitability despite the recurring revenue model.

Risk Level: Low to Medium

Company Commentary

• India continues to witness rapid wealth creation through liquidity events, private equity exits, new-economy listings and increasing financialisation of household savings.
• Management stated that the strength of the 360 ONE platform, talent pool and client-first model continues to reinforce client trust.
• The company believes its expansion across asset classes, geographical markets and newer business lines positions it for sustained profitable growth.
• Management reiterated its commitment to disciplined execution, strong governance and long-term value creation.