Bigul

360 ONE WAM LTD - 542772 - Notice Of The 3Rd Extraordinary General Meeting Of The Company For The Financial Year 2022-23 ('EGM') - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')

This is further to our intimation dated January 19, 2023, in respect of the outcome of the meeting of the Board of Directors of 360 ONE WAM LIMITED (Formerly known as IIFL Wealth Management Limited) ('Company') held on January 19, 2023. We would like to inform you that the EGM of the Company will be held on Wednesday, February 15, 2023, at 11:30 a.m. (IST) through Video Conferencing or Other Audio Visual Means and the deemed venue of the EGM shall be the registered office of the Company at IIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, 400013. Further details are enclosed herewith.
23-01-2023

Buy IIFL Wealth; target of Rs 2300: Motilal Oswal

Motilal Oswal is bullish on IIFL Wealth recommended buy rating on the stock with a target price of Rs 2300 in its research report dated January 21, 2023.
23-01-2023
Bigul

360 One Wam Ltd - 542772 - Communication To Equity Shareholders Of The Company For Tax Deduction On Dividend

Pursuant to Regulation 30, read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith email communication dated January 20, 2023, sent to the equity shareholders of the Company having their email ids registered with the depositories with respect to the withholding of tax on the fourth interim dividend for the financial year 2022-23 as 'Annexure I'. Please take the same on your records
20-01-2023
Bigul

360 One Wam Ltd - 542772 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

In furtherance of our letter dated January 5, 2023, informing the exchanges regarding the earnings call in respect of the unaudited financial results of the Company for the quarter and nine months ended December 31, 2022 and pursuant to Regulation 30, read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the audio recording of the earnings call held today i.e. January 20, 2023, is hosted on the website of the Company and is available at https://www.iiflwealth.com/Investor-Relations. We request you to kindly take the above information on record.
20-01-2023

IIFL Wealth declares 17 per share dividend, 1:1 bonus shares and stock split

360 One Wam (Formerly known as IIFL Wealth Management Limited) has declared its Q3FY23 results.
20-01-2023
Bigul

IIFL Wealth Management Ltd - 542772 - Corporate Action-Outcome of Sub division / Stock Split

Pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations, 2015'), we wish to inform you that the Board of Directors ('Board') of 360 ONE WAM Limited (Formerly known as IIFL Wealth Management Limited) ('Company') at its meeting held today has inter-alia approved as per enclosed intimation.
19-01-2023
Bigul

IIFL Wealth Management Ltd - 542772 - Corporate Action-Board approves Dividend

Pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations, 2015'), we wish to inform you that the Board of Directors ('Board') of 360 ONE WAM Limited (Formerly known as IIFL Wealth Management Limited) ('Company') at its meeting held today has inter-alia approved as per enclosed intimation.
19-01-2023
Bigul

IIFL Wealth Management Ltd - 542772 - Corporate Action-Board recommends Bonus Issue

Pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations, 2015'), we wish to inform you that the Board of Directors ('Board') of 360 ONE WAM Limited (Formerly known as IIFL Wealth Management Limited) ('Company') at its meeting held today has inter-alia approved as per enclosed intimation.
19-01-2023
Bigul

IIFL Wealth Management Ltd - 542772 - Outcome Of The Meeting Of The Board Of Directors Of 360 ONE WAM Limited Held On Thursday, January 19, 2023

Pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations, 2015'), we wish to inform you that the Board of Directors ('Board') of 360 ONE WAM Limited (Formerly known as IIFL Wealth Management Limited) ('Company') at its meeting held today has inter-alia approved as per enclosed intimation
19-01-2023
Bigul

Q3FY23 Quarterly Result Announced for 360 One Wam Ltd.

Other Financial services firm 360 One Wam announced Q3FY23 results: Consolidated Q3FY23: Profit After Tax of Rs 180 crore for the quarter, up 16% YoY and 4% QoQ, and Rs 513 crore for the 9MFY23, up 24% YoY. Operating profit before tax stood at Rs 229 crore for the quarter, up 47% YoY and 13% QoQ, and Rs 639 crore for the 9MFY23, up 50% YoY. Total revenues stood marginally higher QoQ at Rs 410 crore, and Rs 1,184 crore for the 9MFY23, up 9% YoY. Revenue from operations stood at Rs 415 crore, up 10% YoY and 9% QoQ, and Rs 1,172 crore for the 9MFY23, up 20% YoY. Annual recurring revenues stood at Rs 276 crore up 12% YoY and 6% QoQ, and Rs 784 crore for the 9MFY23, up 19% YoY. Mr. Karan Bhagat, MD & CEO, 360 ONE WAM: "The global macro environment continues to remain moderate with high inflation and interest rates raising questions on growth in the short term. This uncertainty has resulted in volatility in all asset classes over the last quarter. While we remain cautiously optimistic in the near term, the comprehensiveness of our product offerings and advisory expertise helps in enabling clients to maintain an optimal asset diversification strategy and navigate the volatility of the current investment landscape. During the quarter, we rebranded ourselves to "360 ONE" which is an embodiment of two words that are extremely important to us - '360' represents the holistic view we take of the 'ONE' person whose interests are always first: Our Client. For the quarter, despite a weak global geopolitical and macro environment, our Annual Recurring Revenue Assets witnessed healthy net flows of Rs 10,386 Crs and ARR AUM stood at Rs 166 K Crs up 20% over last year The current quarter has seen sustained strong Profit after Tax (PAT) of Rs 180 Crs. Our retentions remained healthy with wealth management retention at 56 bps, asset management retention at 83 bps and aggregate retention at 62 bps. Also, our cost to income in the current quarter has remained steady at ~45% as we continue to keep a sharp focus across all expense heads We strongly believe that India's long-term inclusive growth story places the wealth management industry in a sweet spot, strongly supported by increased momentum in Tier 2 cities, inter-generational wealth transfer and sustained monetization events. We are well-positioned to optimally leverage these trends and further lead the industry with our advisory proposition and leadership in alternative investment offerings. This quarter, our Tangible ROE has further improved to 29%. We are happy to report our fourth interim dividend of Rs 17 and remain committed to our dividend pay-out strategy. In addition, we have also proposed a share split and bonus issue in the ratio of 1:1, respectively, subject to shareholders' approval." Result PDF
19-01-2023
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