Rs 4.5/Share Dividend Declared: 360 ONE WAM Reports 7.7% YoY Jump In Q3 PAT

Leading wealth & asset management company, 360 ONE WAM today approved fourth interim dividend of Rs 4.5/- per equity share of the face value of Re 1/- each and fixed January 29, 2024 as the record date. The company reported a jump of 7.7% year-on-year (YoY) in its Q3 PAT crore and 4.7% QoQ surge at Rs 194 crore.

It declared its Q3 total revenues at Rs 467 crore, up 13.9% YoY and 5.7% QoQ. Last trading price of 360 ONE WAM share on BSE is Rs 643.40 crore with intraday fall of 0.28%. 360 ONE WAM shares 25% in last 6-months and declined 5% in last 1-week. Check details below:

360 ONE WAM Declares Interim Dividend: As per the BSE filing of the company dated January 18, "fourth interim dividend for the financial year 2023-24 of Rs. 4.5/- (Rupees four and paise fifty only) per equity share of face value of Re. 1/- (Rupee one only) each and has fixed the record date as Monday, January 29, 2024, for this purpose. The said interim dividend will be paid / dispatched on or before Friday, February 16, 2024, subject to applicable taxes."

Karan Bhagat, MD & CEO, 360 ONE WAM said, "The wealth and asset management industry in India remains resilient amidst global uncertainty. India's strategic position in the Emerging Markets (EM) space has garnered international investor confidence. Domestic investors continue to exude confidence in both the private and public markets."

We continue to build deep client relationships and successfully onboarded 400+ clients with AUM exceeding Rs 5 Crs in ARR assets during 9M FY24. This particular client segment now constitutes 95%+ of the Wealth ARR AUM, added Karan Bhagat.

360 ONE WAM Stock Performance & Return: Last trading price of 360 ONE WAM LTD stock on BSE is Rs 643.40 apiece. The 52-week high price of 360 ONE WAM share on BSE is Rs 734.35 per share and 52-week low price is Rs 395.60 per share, respectively. The company has a market capitalisation of Rs 23,062.13 crore. 360 ONE WAM shares fell 8.76% year-to-date, surged 20.25% in last 3-months, gave return of 38% in last 1-year, and sorared 144% in last 3-years.

360 One WAM Bonus Issue In 2023: It declared 1 bonus share since March 2, 2023. The last Bonus that 360 One Wam declared was in the ratio 1:1 with ex-date of March 2, 2023.

360 ONE WAM Financials In 2023: The company for the quarter ended September 30, 2023 declared a surge of7% in its profit after tax (PAT) to Rs 185 crore as against Rs 173 crore declared in the corresponding quarter of last year. Its total revenues soared 9% to Rs 441 crore for the quarter under consideration from Rs 405 crore in the July-September quarter of the last fiscal 2022-23.

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