Q2 2025 360 One Wam Ltd Earnings Call Transcript
Key Points
- 360 One Wam Ltd (BOM:542772) reported a significant year-on-year increase in total AUM, reaching INR2,42,619 crore, up 41%.
- The company achieved strong net flows of INR9,786 crore in Q2, contributing to a total of INR15,335 crore for H1 FY25.
- Wealth ARR increased by 45% year-on-year to INR1,56,849 crore, while AMC ARR rose by 33% to INR85,770 crore.
- The company reported its highest ever quarterly PAT in Q2, with a 33.4% increase to INR247 crore.
- 360 One Wam Ltd successfully onboarded over 160 families with over INR10 crore AUM and over 70 families with INR50 crore-plus AUM in the last quarter.
- The company experienced overall outflows of INR3,600 crore during the quarter, despite strong inflows.
- Variable employment costs were high during the quarter due to sales incentivization and bonuses related to senior hires.
- The cost-to-income ratio increased to 48.4% for Q2, indicating higher operational expenses.
- Retention rates saw a slight decline due to a few advisory accounts with lower retentions and a basis point reduction in mutual fund assets.
- The company anticipates a more conservative dividend policy, reducing payouts to 25% to 40% of profits, compared to previous higher levels.
Good afternoon, ladies and gentlemen and welcome to 360 One Wam's Q2 FY25 earnings call. (Operator 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 everyone on the call today. Indian equities continue to remain buoyant in Q2 with benchmark indexes following around all time highs supported by robust economic momentum, encouraging macro indicators and sustained domestic flows. Although geopolitical development induced some tensions and volatility, the broad outlook remains stable.
We continue to believe in India's long term growth story which will act as a tailwind for India's wealth and asset management sector supported by faster wealth creation outside
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