360 ONE WAM March Quarter Net Profit Flat, 2024-25 Profit Jumps 26.2%

360 ONE WAM Ltd. reported a 2.9% rise in its consolidated net profit for the March quarter, reaching ₹2.50 billion. Revenue from operations rose 3.7% to ₹8.21 billion. On a sequential basis, net profit fell 9.7%, while revenue grew 8.0%.

The company's other income declined sharply to ₹1.01 billion from ₹2.60 billion a year ago.

Total expenditure, including finance costs, for January-March was ₹5.97 billion, compared to ₹7.28 billion in the previous year. Finance costs increased to ₹2.18 billion from ₹2.07 billion a year ago. The tax outgo for the quarter stood at ₹746.70 million, down from ₹802.80 million last year.

For the financial year 2024-25, net profit increased by 26.2% to ₹10.15 billion, and revenue jumped 31.5% to ₹32.95 billion.

The board recommended an interim dividend of ₹6 per share. Additionally, the board approved raising up to ₹2.50 billion by issuing non-convertible debt securities through a private placement. The board also reappointed Karan Bhagat as the company’s managing director for a five-year term, effective July 27, subject to shareholders' approval.