India · Delayed Price · Currency is INR 360 One Wam Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 delivered record AUM, revenue, and PAT growth, driven by strong net flows, platform expansion, and successful integration of new businesses. Cost discipline, robust client acquisition, and strategic partnerships underpin a positive outlook despite market volatility.
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Total ARR AUM grew 28% year-on-year to INR 317,906 crores, with record quarterly PAT and robust net flows across wealth and asset management. Strategic partnerships, new fund launches, and technology investments support a positive outlook, with management targeting 22%-24% AUM growth annually.
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Q2 FY26 saw record PAT of INR 316 crore (up 28% YoY), ARR AUM at INR 2,95,000 crore (up 22% YoY), and robust net flows of INR 8,734 crore (ex-UBS). Cost-to-income ratio improved, and strong growth is expected across wealth and asset segments.
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Q1FY26 saw 30% AUM growth, record PAT, and strong ARR revenue, with successful BNK and ET Money integration. Yield compression of 2–3 bps is expected, but headline yields remain stable. UBS collaboration and new hires are set to drive future growth.
Fiscal Year 2025
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Achieved record annual PAT and robust AUM growth despite market volatility, driven by strong net flows and strategic acquisitions. Announced an exclusive collaboration with UBS AG, adding significant AUM and expanding global capabilities, while maintaining focus on cost efficiency and future growth.
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Q3 FY25 delivered record PAT and strong AUM growth, with ARR revenues up 26% and total revenue up 38% year-on-year. The acquisition of B&K Securities is expected to be EPS accretive, while HNI and global flows are set to scale up in FY26.
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Q2 FY25 delivered record AUM and profits, with ARR AUM up 41% YoY and PAT up 33.4%. Net flows were robust, driven by both new and existing clients, while a more conservative dividend policy was adopted. Platform resilience and new initiatives support continued growth.
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Q1 FY25 delivered record AUM, revenue, and PAT growth, driven by strong net flows, robust market activity, and strategic expansion across wealth, asset management, and digital platforms. The acquisition of ET Money and favorable tax changes further strengthen growth prospects.