with a market valuation of 16,200.15 crore, 360 One Wham Limited (formerly IIFL Wealth Management Limited) is a mid-sized company that provides financial services. Offering specialized solutions in the areas of wealth and asset management, 360 ONE is a leading provider of financial services. The two corporate actions that the firm has separately announced are 1:1 bonus shares and 1:2 stock split, for which the company’s board of directors has set a record.
360 One Wham said in a stock exchange filing that, the board has approved “One. Sub-division of each existing equity share of face value of Rs. 2/- (Rupees Two only), in 2 (two) Equity Shares of face value each. 1/- (Rupee One only) each fully paid-up and consequential change in the Memorandum of Association and Articles of Association (“Subdivision”) of the company; And B. Issue of 1 (one) Bonus Equity Share of the Company of Face Value Re. 1/- (Rupee One only) for every fully paid-up Equity Share of 1 (one) face value. 1/- (Rupee One only) each (i.e. adjusted for sub-division of Equity Shares of the Company) (“Bonus Issue”).
The Board of Directors of 360 One Wham further stated that “the Company has fixed Thursday, March 2, 2023 as the record date (“Record Date”), at which all shareholders entitled to receive Equity Shares shall be entitled to -Division and Bonus issue.”
The consolidated profit after tax (PAT) for Q3FY23 was 180 crore, up 16% YoY and 4% QoQ, and for the nine months ended, it was 513 crore, an annual growth of 24%. These figures were released by 360 ONE WAM Ltd. Operating Profit Before Tax (PBT) for the quarter was 229 Cr, up 47% YoY and 13% QoQ, and for the nine months ended, it was 639 Cr, up 50% YoY. But 410 crores and 1,184 crore for the nine months ended respectively, the total revenue was up slightly over QoQ and up 9% YoY. In terms of revenue from operations, it was 415 Cr, up 10% YoY and 9% QoQ, and 1,172 Cr for the nine months ended, up 20% YoY.
360 One Wham shares closed today on NSE down 0.87% from its previous close of 1,823 1,839.00. The stock touched a 52-week high at 1,960.00 (24-Jan-2023) and 52-week low at 1,235.80 (20-Jun-2022).
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