Q1 2026 360 One Wam Ltd Earnings Call Transcript
Key Points
- 360 One Wam Ltd (BOM:542772) reported a 30% year-on-year increase in total ARR AUM, reaching INR287,317 crores, supported by strong net flows.
- The company recorded its highest ever quarterly PAT at INR287 crores, marking an 18% year-on-year increase.
- The acquisition of B&K Securities contributed significantly to the growth, adding INR18,266 crores to ARR net flows.
- The strategic collaboration with UBS is expected to enhance the company's wealth management proposition and provide global investment expertise.
- The company has successfully integrated ET Money, reducing its annual loss significantly and laying out a strategic agenda for growth in the mass affluent segment.
- Total costs increased by 32.7% year-on-year to INR351 crores, impacting the cost-to-income ratio.
- The company experienced net outflows due to the departure of two teams, impacting the wealth management business by INR3,500 crores to INR4,000 crores.
- There is an expected compression in yields by 2 to 3 basis points due to changes in the business mix.
- Attrition in the senior sales force led to a potential loss of 4% to 6% in AUM, highlighting challenges in retaining talent.
- The lending book experienced a decline due to refinancing at lower rates, although it is expected to recover in the coming quarters.
Good evening, ladies and gentlemen, and welcome to 360 One Wam earnings call for Q1 FY26. (Operator Instructions) Please note, this conference is being recorded.
On the call today, we have with us Mr. Karan Bhagat, Managing Director and CEO; Mr. Yatin Shah, CEO of the Wealth business; Mr. Anshuman Maheshwary, COO; and Mr. Sanjay Wadhwa, CFO.
I now hand it over to Mr. Sanjay Wadhwa to take this conference ahead. Thank you.
Thank you, Anil and a very good evening to all the participants. Starting with the macros, Indian equities after facing some sharp volatilities in the last two quarters, witnessed a rebound in Q1 FY26. While geopolitical events could influence broader markets in the near term, structurally, we continue to remain bullish about India's long-term growth story, which will act as a tailwind for India's wealth and asset management sector.
Before I get into the business and financial
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