Q1 2025 360 One Wam Ltd Earnings Call Transcript
Key Points
- Total ARR AUM increased to INR2,21,000 crores, up 34% year-on-year.
- Wealth ARR AUM stood at INR1,41,635 crores, up 39% year-on-year.
- Total Revenue from Operations up 48% YoY at INR600 crores for Q1 FY25.
- Operating profit grew by 71.8% YoY at INR335 crores.
- Highest ever quarterly PAT in Q1, with PAT rising by 34.2% to INR243 crores.
- Total Costs up 25.9% YoY, at INR265 crores in Q1 FY25.
- Employee costs rose by 27.2% YoY.
- Ongoing litigation in the UK resulted in an exceptional item cost of INR87.6 crores.
- Cost-to-income ratio, although improved, is expected to stabilize at a higher range of 44% to 46%.
- Yield compression observed in the lending book, with yields dropping from 5.75% to 4.86%.
Very good afternoon, ladies, and gentlemen, and welcome to 360 ONE WAM's Q1 FY25 earnings call. (Operator Instructions) Please note this conference is being recorded. On the call today we have with us Mr. Karan Bhagat, Managing Director & CEO; Mr. Anshuman Maheshwary, Chief Operating Officer and Mr. Sanjay Wadhwa, Chief Financial Officer.
I now hand it over to Sanjay to take this conference ahead. Thank you.
Thank you, Anil, and a very good afternoon to everyone on the call today. Indian equities continued its bull run for yet another quarter with benchmark indices touching all-time highs supported by robust economic momentum, encouraging macro indicators, and sustained domestic flows.
Strong GDP growth and capital markets expansion is accelerating the pace of wealth creation in India. As a result, we believe Indiaâs Wealth & Asset Management sector is poised for structural growth phase in coming years, supported by faster wealth creation outside traditional pockets and overall
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