Q4 2024 360 One Wam Ltd Earnings Call Transcript
Key Points
- 360 One Wam Ltd (NSE:360ONE) reported a significant increase in ARR AUM to INR227,000 crore, up 36.3% year-over-year.
- The company onboarded over 400 new clients with 10 plus crore of ARR AUM in FY24, indicating strong client acquisition.
- The Board approved an interim dividend of INR3.5 per share for FY25, reflecting confidence in future earnings.
- The company reported its highest-ever PAT on both a quarterly and full-year basis, with Q4 PAT at INR241 crore and full-year PAT at INR802 crore.
- Employee retention remains industry-leading with voluntary attrition at only 5.4% for FY24, indicating strong employee satisfaction and stability.
- Corporate costs increased by 33% year-over-year to INR956 crore in FY24, driven by large deals and investments in new business segments.
- Employee costs rose by 36.3% year-over-year due to additional headcount, including senior-level hires, impacting overall profitability.
- The overall cost to income ratio stood at 48.7%, which the company expects to gradually reduce over the next few quarters.
- The company experienced higher transaction and brokerage income, which may not be sustainable in the long term.
- The lending book saw a dip in net interest margin to 5.16% from 5.7% in the previous quarter, indicating potential challenges in maintaining profitability in this segment.
Good afternoon, ladies and gentlemen, and welcome to 360 One Wam's Q4 FY24 earnings call. (event instructions) Please note that this conference is being recorded. On the call today, we have with us Mr. Karan Bhagat, Managing Director and CEO, Mr. Anshuman, Maheshwary, Chief Operating Officer, and Mr. Sanjay Wadhwa, Chief Financial Officer.
I now hand it over to Mr. Sanjay Wadhwa, to take this conference ahead. Thank you.
Thank you, Anil, and a very good afternoon to everybody on the call today. Indian equities witness, one of the most upbeat market cycles supported by robust economic momentum for nationalization of assets and global flows. Strong GDP growth and capital markets expansion is accelerating. The pace of wealth creation in India. As per industry and our company, our own estimates, the financial assets of ultra-high net worth households are anywhere between $915 billion to $935 billion, and that of HNI
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
