Unstoppable Growth: 320% Surge in 5 Years! Multibagger Stock Soars 5% Following Promoter's Stake Sale

360 One Wam Shares Surge Following Stake Sale Announcement

In a notable turn of events on the stock market, 360 One Wam saw its shares increase by 5.43% during Monday’s trading session. This rise followed the announcement that a key promoter had divested more than 1.5 million equity shares on March 21. By mid-morning, the company’s stock reached an intraday high of ₹994 on the National Stock Exchange (NSE), reflecting a remarkable increase of nearly 12% over the previous five trading days.

Promoter Stake Reduction

According to an exchange filing, Nirmal Jain, a prominent promoter of 360 One Wam, sold a 0.38% stake in the company, valued at approximately ₹39.29 crore. This transaction reduced Jain’s ownership from 4.56% to 4.18%, equivalent to around 16.4 million shares. The market’s response to this news showcases the stock’s resilience and investor confidence in the company’s future.

Impressive Q3 Financial Results

360 One Wam recently released its financial performance for the third quarter of the fiscal year 2025, revealing impressive growth. The company reported a net profit of ₹276.5 crore for the three-month period ending in December 2024, marking a significant 43.9% increase compared to the same quarter the previous year, where profits stood at ₹192.1 crore.

Revenue Growth: The company’s revenue surged by 20.6%, reaching ₹759.8 crore, up from ₹629.8 crore in Q3 of the prior year.
Annual Recurring Revenue (ARR): The ARR revenue rose to ₹426 crore, reflecting a 26.2% YoY increase.
Retention Improvement: The combined ARR retention rate improved by 70 basis points, moving from 68 bps in Q2 FY25.

Strong Assets Under Management (AUM)

In terms of assets, 360 ONE WAM reported a total Assets Under Management (AUM) of ₹5.8 lakh crore. This includes:

₹2.5 lakh crore in annual recurring revenue (ARR) AUM
₹3.3 lakh crore in transactional and brokerage AUM

The Wealth Management sector experienced exceptional growth, with ARR AUM increasing by 39% YoY to reach ₹1.6 lakh crore. The 360 ONE Plus offering alone expanded by 49%, while the distribution and lending divisions grew by 32% and 40%, respectively.

Conclusion

With such robust financials and an agile market response, 360 One Wam continues to capture investor attention. As the company navigates the complexities of the financial landscape, its growth trajectory remains promising, making it a noteworthy player in the market. Investors and stakeholders alike will be keen to monitor its performance in the coming quarters.