360 ONE WAM Reports Strong Q3 FY24-25 Growth Amid Mixed Financial Indicators

360 ONE WAM, a prominent player in the Finance/NBFC sector, recently reported its financial results for the quarter ending December 2024. The company has demonstrated a positive trajectory in several key metrics for the third quarter of FY24-25. Notably, net sales reached Rs 1,624.98 crore, reflecting a year-on-year growth of 37.74%. Similarly, profit after tax (PAT) stood at Rs 521.96 crore, marking a year-on-year increase of 38.04%. Additionally, the earnings per share (EPS) reached Rs 7.12, the highest recorded in the last five quarters, indicating a favorable trend in profitability.
However, the financial results also reveal areas of concern. The profit before tax (PBT), adjusted for other income, was reported at Rs 184.29 crore, which represents a decline compared to the average PBT of the previous four quarters. Furthermore, non-operating income constituted 48.64% of the PBT, suggesting a reliance on income from non-business activities, which may not support sustainable growth.

In light of these developments, 360 ONE has experienced an adjustment in its evaluation, reflecting the complexities of its financial landscape.

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