360 ONE WAM Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- 360 ONE WAM Ltd reported a 4.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 39.0%.
- Its expenses for the quarter were up by 0.3% QoQ and 31.5% YoY.
- The net profit increased 12.6% QoQ and increased 43.9% YoY.
- The earnings per share (EPS) of 360 ONE WAM Ltd stood at 7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 934.34 | 890.43 | 672.06 | 4.9% | 39.0% |
Total Expenses | 571.82 | 569.84 | 434.99 | 0.3% | 31.5% |
Profit Before Tax | 358.80 | 319.10 | 235.03 | 12.4% | 52.7% |
Tax | 82.33 | 73.61 | 42.92 | 11.8% | 91.8% |
Profit After Tax | 276.47 | 245.49 | 192.11 | 12.6% | 43.9% |
Earnings Per Share | 7.00 | 6.50 | 5.20 | 7.7% | 34.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
360 ONE WAM Ltd is a company operating within the financial services sector, primarily focusing on wealth and asset management. The company provides a range of services including portfolio management, investment advisory, and mutual fund management. As of the latest available data, the company has not announced any major new developments or strategic changes. The financial services industry, in which 360 ONE WAM Ltd operates, is characterized by its dynamic nature and sensitivity to economic conditions, interest rate changes, and regulatory developments. Despite the lack of specific recent developments noted, the company remains a significant player in its industry, providing financial solutions to a diverse clientele.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), 360 ONE WAM Ltd reported a total income of ₹934.34 crore. This marks an increase of 4.9% from the previous quarter (Q2FY25), where the total income was ₹890.43 crore. Year-over-year, there is a notable increase of 39.0% in total income compared to Q3FY24, when the company reported ₹672.06 crore. The consistent growth in total income reflects the company's ability to enhance its revenue streams over both the quarter and the year. This increase could be attributed to a variety of factors such as improved market conditions, increased client base, or enhanced service offerings, although specific reasons are not available in the provided data.
Profitability
The profitability of 360 ONE WAM Ltd has shown positive growth in Q3FY25. The company recorded a profit before tax of ₹358.80 crore, which is a 12.4% increase from the previous quarter's figure of ₹319.10 crore. Compared to the same quarter in the previous year (Q3FY24), where profit before tax was ₹235.03 crore, there is a substantial increase of 52.7%. After accounting for taxes, the profit after tax stands at ₹276.47 crore, reflecting a quarter-over-quarter increase of 12.6% from ₹245.49 crore in Q2FY25, and a year-over-year increase of 43.9% from ₹192.11 crore in Q3FY24. The company's ability to maintain growth in profit margins, alongside rising tax expenses, indicates a strong operational performance.
Operating Metrics
Key operating metrics for 360 ONE WAM Ltd include total expenses and earnings per share (EPS). Total expenses for Q3FY25 were ₹571.82 crore, with a slight increase of 0.3% from ₹569.84 crore in Q2FY25. Year-over-year, total expenses grew by 31.5% from ₹434.99 crore in Q3FY24. Despite the rise in expenses, the company has managed to enhance its profitability, as evidenced by the increase in EPS, which rose to ₹7.00 in Q3FY25 from ₹6.50 in Q2FY25, marking a 7.7% quarter-over-quarter growth. Year-over-year, EPS increased by 34.6% from ₹5.20 in Q3FY24. These metrics suggest efficient cost management and profitability enhancement strategies. However, specific ratios such as the P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data, and therefore, cannot be calculated or analyzed in this report.
