India's 360 One Wam falls after Q4 earnings; Kotak cuts PT to Street-low, flags rising costs

360 One Wam

22/04/2026 09:03

** Shares of India's 360 One Wam ONEW.NS fall 4.84% to 1,054.70

** Wealth and asset manager report Q4 consol profit of 2.89 billion rupees ($30.82 million), up 15.68% y/y, helped by strong transaction and brokerage income

** Revenue stands at 11.15 billion rupees, up ~27% y/y; AUM up 16% y/y at 6.74 trillion rupees

        ** Kotak maintains "add" rating but cuts PT to Street-low of 1,250 rupees from 1,300 rupees - data compiled by LSEG

** Brokerage says earnings beat was driven by non-recurring income, while operating costs rose and newer businesses remain loss-making

** Trading volume at 4.07 mln shares, nearly 4x their 30-day average

** YTD, ONEW down 11.6%

($1 = 93.7713 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))