New Delhi, Jul 21 (PTI) 360 ONE WAM Ltd on Friday reported a 13.4 per cent growth in profit after tax (PAT) to Rs 181 crore in three months ended June 2023.

In comparison, the company posted a PAT of Rs 160 crore in the year-ago period, 360 ONE WAM, formerly known as IIFL Wealth Management, said in a statement.

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The company's total revenues increased 17.6 per cent to Rs 434 crore in the quarter under review from Rs 369 crore in the April-June quarter of the preceding fiscal 2022-23.

"We strongly believe India's long-term inclusive growth trends will continue to fuel overall wealth creation, and particularly for the HNI and UHNI segments. Increasing financialisation and client sophistication will drive a disproportionate rise in this segment," Karan Bhagat, founder, MD and CEO, 360 ONE, said.

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In addition, the company's board approved a second interim dividend for the financial year 2023-24 of Rs 4 per equity share. Besides, the company has fixed July 28 as a record date for this purpose.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)