360 ONE WAM Q2 FY27 Results: Consolidated Net Profit ₹300 Crore on Total Income of ₹1,261 Crore
Earnings
Asset Management
Blacklitt Research3 min read
Daderot, via Wikimedia Commons (CC0 1.0). Illustrative image.
360 ONE WAM reported consolidated total income of ₹1,261.45 crore and net profit of ₹300.11 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹261.49 crore and net profit was ₹166.79 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,261 crore, up 13.9% YoY, down 0.9% QoQ
Net profit: ₹300 crore, down 4.9% YoY, down 9.2% QoQ
EPS: ₹7.37, against ₹7.80 in Q2 FY26
Assets under management: ₹8,99,481 crore, of which ₹3,53,382 crore is annual recurring revenue assets
Standalone
The company on its own, without its subsidiaries
Total income: ₹261 crore, up 67.0% YoY, up 36.2% QoQ
Net profit: ₹167 crore, up 386.8% YoY, up 99.8% QoQ
EPS: ₹4.10, against ₹0.85 in Q2 FY26
Second interim dividend: ₹7.50 a share, record date 23 October 2026
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,261.45
1,107.52
+13.9%
1,273.12
-0.9%
Revenue from operations
1,143.83
1,114.95
+2.6%
1,226.09
-6.7%
Other income
117.62
-7.43
n/a
47.03
+150.1%
300.11
315.48
-4.9%
330.53
-9.2%
Finance costs
361.34
253.89
+42.3%
353.99
+2.1%
Depreciation
42.79
39.19
+9.2%
42.11
+1.6%
Tax expense
90.48
97.93
-7.6%
92.98
-2.7%
Net profit margin
23.79%
28.49%
-4.69 pp
25.96%
-2.17 pp
Tax as share of profit before tax
23.2%
23.7%
-0.52 pp
22.0%
+1.21 pp
EPS, basic (₹)
7.37
7.80
-5.5%
8.13
-9.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Total income grew 13.9% but only because of other income. Revenue from operations rose 2.6% to ₹1,143.83 crore, while other income moved to ₹117.62 crore from a loss of ₹7.43 crore a year ago, a ₹125 crore swing that is more than the whole ₹154 crore rise in total income (derived). Net profit fell 4.9% to ₹300.11 crore and the margin to 23.79% from 28.49%. The company's own headline, profit after tax of ₹302 crore, is down 4.4% from ₹316 crore and 8.4% from ₹330 crore in June.
Finance costs are the line that grew: ₹361.34 crore, up 42.3%, and equal to about 32% of revenue from operations against about 23% a year ago (derived). The filing's text does not say what the borrowing funds. The company's total revenue measure was ₹853 crore, up 4.8% from ₹813 crore a year ago and down 2.0% from ₹870 crore in June, which is a net figure that differs from the statement's total income.
The business metrics are the release's main message. Assets under management are ₹8,99,481 crore, of which annual recurring revenue assets are ₹3,53,382 crore (about 39%, derived) and transactional, brokerage and syndicated assets ₹5,46,099 crore. Wealth management recurring revenue assets rose 24.3% to ₹2,52,627 crore and asset management's rose 9.4% to ₹1,00,754 crore, helped by net flows across private equity, credit and real assets. Recurring revenue net flows for the quarter were ₹12,482 crore.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
261.49
156.55
+67.0%
192.02
+36.2%
Revenue from operations
40.61
129.56
-68.7%
70.63
-42.5%
Other income
220.88
26.99
+718.4%
121.39
+82.0%
166.79
34.26
+386.8%
83.49
+99.8%
Finance costs
32.76
27.95
+17.2%
35.38
-7.4%
Depreciation
3.97
10.88
-63.5%
4.01
-1.0%
Tax expense
4.09
11.73
-65.1%
-0.33
n/a
Net profit margin
63.78%
21.88%
+41.90 pp
43.48%
+20.30 pp
Tax as share of profit before tax
2.4%
25.5%
-23.11 pp
n/a
n/a
EPS, basic (₹)
4.10
0.85
+382.4%
2.05
+100.0%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The parent's profit is mainly other income. Standalone revenue from operations fell 68.7% to ₹40.61 crore while other income rose to ₹220.88 crore from ₹26.99 crore, and net profit rose to ₹166.79 crore from ₹34.26 crore, a margin of 63.78%. Tax was only 2.4% of profit before tax. The filing does not say what the other income is.
The board approved a second interim dividend for FY2026-27 of ₹7.50 a share of face value ₹1, with record date Friday, 23 October 2026 and payment on or before 13 November 2026, subject to applicable taxes. At about 40.7 crore shares (derived from profit and earnings per share) that is about ₹305 crore, about the same as the quarter's consolidated profit (derived).
Inference
360 ONE's quarterly profit is lower than a year ago even though the assets it manages are growing, because borrowing costs rose faster than revenue and the income growth came from other income.
The filing does not explain the other income or the borrowing, so how much of this quarter's income repeats is not known from it.
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