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360 One WAM Q4 Profit Dips 12%, Declares Rs 6 Dividend Amid Tax Demand

360 ONE WAM reported an 11.8% sequential decline in consolidated net profit to Rs 289 crore for the fourth quarter of FY26. Revenue and EBITDA also fell compared to the previous quarter. Despite the softer performance, the company's board announced an interim dividend of Rs 6 per share. Separately, the company and its subsidiary received income tax assessment orders raising a total demand of Rs 336.14 crore, which it intends to contest.

Key Points: 360 One WAM Q4 Profit Falls, Announces Dividend & Tax Notice

  • Q4 profit down 11.8%
  • Revenue fell 5.6%
  • Rs 6 interim dividend declared
  • Rs 336 crore tax demand received
2 min read

360 One WAM Q4 profit falls 11.8 pc to Rs 289 crore; announces Rs 6 interim dividend

360 One WAM's Q4 profit fell 11.8% to Rs 289 crore. It announced a Rs 6 dividend but faces a Rs 336 crore tax demand.

"does not expect any material impact on its financial position - 360 ONE WAM"

Mumbai, April 21

The Indian wealth and asset management firm 360 ONE WAM Limited on Tuesday reported an 11.8 per cent quarter-on-quarter decline in its consolidated net profit for the fourth quarter of FY26.

The company posted a net profit of Rs 289 crore for the quarter, compared to Rs 327 crore in the previous quarter (Q3 FY26), as per its regulatory filing.

Revenue also declined 5.6 per cent on a quarter-on-quarter basis to Rs 1,115 crore from Rs 1,181 crore, while EBITDA fell 8.6 per cent to Rs 663 crore from Rs 725 crore.

The EBITDA margin stood at 59.5 per cent, slightly lower than 61.4 per cent reported in the preceding quarter.

Despite the softer quarterly performance, the company announced an interim dividend of Rs 6 per share.

It has fixed April 27, as the record date to determine shareholder eligibility, and said the payout will be completed on or before May 20.

In a separate development, the company disclosed that it, along with its wholly owned subsidiary 360 ONE Prime Limited, has received assessment orders from the Income Tax Authority raising a total demand of Rs 336.14 crore.

The demand pertains to the block period from April 1, 2018, to March 27, 2025.

The orders, issued by the Joint Commissioner of Income Tax (OSD), Central Circle-4(4), Mumbai, include a demand of Rs 192.42 crore on 360 ONE WAM and Rs 143.72 crore on 360 ONE Prime, inclusive of surcharge and cess under the provisions of the Income Tax Act, 1961.

The company said it has already discharged all applicable tax liabilities and believes it has strong factual and legal grounds to contest the orders.

It added that it does not expect any material impact on its financial position or operations and will pursue appropriate legal remedies through the appellate process.

Shares of 360 ONE WAM ended at Rs 1,109.85 on the BSE, up marginally by Rs 2.40 or 0.22 per cent.

- IANS

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Reader Comments

R
Rohit P
The dividend is a positive signal for retail investors like me. Market is volatile, but they are sharing profits. The tax demand is worrying, but if they've already paid liabilities, maybe it's just a procedural dispute.
A
Aman W
Quarter-on-quarter comparisons can be misleading. We should look at full year performance. An EBITDA margin of nearly 60% is still fantastic by any standard! The stock holding up shows investor faith.
S
Sarah B
As someone who tracks financial services, the tax assessment order is the real story here. A demand for a block period from 2018-2025 suggests deep scrutiny. Their legal battle will be one to watch.
V
Vikram M
Mixed bag. Profit down but dividend declared. Revenue down but margin still strong. Tax trouble but stock price stable. Seems like the market has already priced this in. Will wait for management commentary.
K
Karthik V
Respectfully, the article buries the lead. A Rs 336 crore tax demand from the Income Tax Authority is a major development that could impact future cash flows, regardless of what the company says about "no material impact." Investors should be cautious.
N
Nisha Z
Good to see the dividend announcement with clear dates. Record date April 27, payout by May

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