Shares of 360 One WAM Ltd surged over 4% on Friday, with the stock trading at ₹1,112 apiece following the release of robust Q1FY27 results. The stock rose as much as 4.30% to ₹1,127.80 intraday before paring gains to trade 3.16% higher at ₹1,115.50 as of 10:14 am. This performance significantly outpaced the 0.80% rise in the NSE Nifty 50 Index, with total traded volume standing at 1.24 times its 30-day average. According to NDTV Profit, out of 12 analysts tracking the company, all maintain a 'buy' rating, with the average 12-month consensus price target of ₹1,325 implying an upside of 19.3%. Motilal Oswal has now joined the bullish sentiment, recommending a buy rating with a target price of ₹1,300 in its latest research report dated July 16, 2026.
Asset and wealth management firm 360 One WAM Ltd delivered robust first-quarter results, with consolidated net profit rising 14.8% year-on-year to ₹330 crore for Q1FY27, compared with the previously reported 16.1% growth in Q1FY26. According to NDTV Profit, total revenue rose 20% to ₹870 crore, driven by strong growth in recurring revenue assets under management (ARR AUM). Revenue from operations increased 24.2% year-on-year to ₹822 crore, while Annual Recurring Revenue (ARR) revenue grew 20.3% to ₹614 crore. The strong performance reflects the company's continued growth trajectory in both wealth management and asset management segments.
The company's wealth management business demonstrated strong momentum with ARR AUM increasing 24.2% year-on-year to ₹2,41,896 crore, supported by net flows across segments. As reported by NDTV Profit, the 360 One Plus proposition recorded 39.4% year-on-year growth, while the distribution business grew 11.9%. The company manages assets for more than 8,900 families and corporates, highlighting its expanding client base and market presence. ARR revenue increased 20.2% to ₹614 crore, while transactional and brokerage income grew 36.8% to ₹208 crore. The company recorded annual recurring revenue net flows of ₹10,815 crore during the quarter. Motilal Oswal notes that ARR net inflows of ₹108.1 billion were driven by robust flows in the wealth management segment of ₹133.8 billion.
The asset management business reported exceptional performance with revenue rising 46.7% to ₹305.34 crore and profit before tax increasing 54.5% to ₹185.12 crore. According to NDTV Profit, ARR AUM of ₹1,00,139 crore, up 8.2% from a year earlier, drove the strong results across private equity, credit and real assets segments. The company achieved combined ARR retention at 74 basis points, with wealth management retention at 71 basis points and asset management retention at 83 basis points. Fees and commission income rose 34.2% year-on-year to ₹579.87 crore, while interest income from loans increased 38.1% to ₹318.45 crore. However, Motilal Oswal reports that the AMC business saw outflows of ₹25.6 billion owing to the redemption of a large institutional mandate.
Brokerages remained upbeat on 360 One WAM Ltd after the June quarter earnings, with Jefferies maintaining Buy and increasing the target price to ₹1,340 from ₹1,300, Citi maintaining Buy and raising the target price to ₹1,600 from ₹1,525, and Bernstein maintaining Outperform with a target price of ₹1,330. As per NDTV Profit, Citi's target price of ₹1,600 makes it the most bullish among the brokerages. Motilal Oswal has now joined the positive sentiment with a buy rating and target price of ₹1,300, adopting a sum-of-the-parts (SoTP) approach to valuation. The long-term objective of the management is to expand the RM franchise to 350–400 RMs, servicing 9,000–10,000 client families over the next three years, which implies adding 30-40 RMs every year. The ECM business, currently being ramped up, is expected to contribute ~15% of TBR over the next 2–3 years. Analysts highlighted the company's wealth management franchise continued to deliver solid inflows during the quarter, offsetting some weakness in the asset management business.
