360 ONE WAM LIMITED — Updates, 27-01-2025: Press Release

360 ONE WAM Limited's recent developments indicate a strong upward trajectory in its financial performance and strategic expansion plans. The unaudited financial results for the quarter revealed a significant growth in profit after tax (PAT) to ₹275 crore, up 41.7% YoY, supported by total revenues of ₹678 crore, a 45.4% increase YoY. The Assets Under Management (AUM) stood at ₹5,79,222 crore, indicating robust growth in their Annual Recurring Revenue (ARR) segment, which grew by 32.9% YoY.

In a major strategic move, 360 ONE WAM plans to acquire Batlivala & Karani Securities India Pvt Ltd and Batlivala & Karani Finserv Pvt Ltd for ₹1,884 crores. This acquisition, which includes ₹600 crore in cash, will enhance their brokerage market position and capital markets business, aiming to provide integrated research, advisory, and execution services.

The company also approved the appointment of Mr. Sandeep Tandon as a Non-Executive, Independent Director, which could further enrich the board’s expertise. With these developments, investors are encouraged to maintain a close watch on this evolving narrative, indicating a positive outlook for future growth.