360 One WAM’s Q1 FY26 Performance and Upcoming Stake Sale

Wealth management firm 360 One WAM reported strong performance in Q1 FY26, with a consolidated net profit of ₹285 crore, reflecting a 16.8% YoY growth. Revenue from operations rose by 7.3% to ₹911.5 crore, supported by recovery in equity markets after initial volatility due to Trump tariffs in early April 2025. Margins stood at 62%, up sequentially but lower on a YoY basis. The company's Assets Under Management (AUM) reached ₹6.64 lakh crore, with ARR AUM—representing stable recurring revenue—growing by 38% YoY to ₹1.95 lakh crore. The wealth manager also added over 200 high-net-worth families with more than ₹10 crore in ARR AUM, expanding its client base to over 4,200, which accounts for 95% of its wealth AUM. MD & CEO Karan Bhagat highlighted the strategic momentum driven by talent and recent inorganic moves, including the acquisition of B&K Securities and a collaboration with UBS AG. The partnership has enhanced 360 One’s ability to offer integrated wealth solutions across advisory, research, and execution. Amid this positive backdrop, public shareholder BC Asia Investments X is set to offload a 3.7% stake (1.5 crore shares) through a block deal at ₹1,160 per share—a 5% discount to the last closing price. The deal, valued at ₹1,741 crore, is expected to be executed soon, with settlement likely by July 23. IIFL Capital Services and JPMorgan India are acting as book runners.