360 ONE WAM Reports Strong Financial Performance in Q1 FY25

Jul 30 2024 08:02 PM IST
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360 ONE WAM, a leading finance and NBFC company, has reported strong financial results for the quarter ending June 2024. The company has shown significant growth in key indicators such as PBT, PAT, Net Sales, and PBDIT, indicating a positive trend in the near term. However, the DPR remains a concern. MarketsMojo has given a 'Buy' call for the company's stock.

360 ONE WAM, a leading finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial score from 11 to 26 in just three months.

One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 117.0% compared to the average PBT of the previous four quarters. This indicates a very positive trend in the near term for the company’s PBT. Similarly, the Profit After Tax (PAT) has also shown a consistent growth in the last five quarters, with the highest PAT of Rs 305.71 crore in the current quarter. This is a 52.0% increase compared to the average PAT of the previous four quarters, showing a very positive trend in the near term.


The company’s Net Sales have also seen a significant growth, with the highest sales of Rs 849.34 crore in the last five quarters. This is a 33.0% increase compared to the average Net Sales of the previous four quarters, indicating a positive trend in the near term. The Operating Profit (PBDIT) has also shown a consistent growth, with the highest PBDIT of Rs 576.85 crore in the current quarter. The Operating Profit Margin has also improved, reaching its highest at 67.92% in the last five quarters, showcasing the company’s efficiency.


However, one area of concern for 360 ONE is its Dividend Payout Ratio (DPR), which has been the lowest at 73.64% in the last five years. This indicates that the company is distributing a lower proportion of its profits as dividends to its shareholders.


Overall, the financial results of 360 ONE WAM for the quarter ending June 2024 have been very positive, with strong growth in key financial indicators. This has led MarketsMOJO to give a ‘Buy’ call for the company’s stock. With its consistent performance and positive trends, 360 ONE is definitely a company to watch out for in the finance/NBFC industry.


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