Transaction revenues drive earnings beat

Company
25 Apr 2024
5 Min read 
  • 360ONE WAM reported strong 4QFY24 results with a 46% YoY growth in total revenue.
  •  Total AUM rose 37% YoY to INR4.67t, with strong growth in both ARR and TBR assets.
  •  The company's PAT grew 57% YoY to INR2.4b in 4QFY24, 26% above estimates.
  •  The company expects net-flows growth of 10-15% on an annual basis.
  •  The company is looking to diversify its presence in terms of client segment and geography.
  •  The company retains a BUY rating with a one-year TP of INR950.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority