Anand Rathi Reports Stellar Results: 9MFY25 PAT Grows by 34 Per Cent YoY and Revenue Grows 33 Per Cent YoY & Declared 1:1 Bonus Share
The company's Board of Directors also approved a 1:1 bonus share issue, subject to shareholder approval.
Anand Rathi Wealth Limited announced stellar financial results for the third quarter and nine months of FY25. For the nine months, the company reported a 34 per cent year-over-year (YoY) increase in net profit to Rs 227 crore on a 33 per cent rise in total revenue to Rs 739 crore. Notably, Mutual Fund Distribution Revenue surged by 63 per cent YoY to Rs 303 crore, driven by strong net inflows, which grew 69 per cent YoY to Rs 9,145 crore. The company's Board of Directors also approved a 1:1 bonus share issue, subject to shareholder approval.
Key highlights for the nine-month period include a 19 per cent YoY growth in active client families in the Private Wealth segment to 11,426, supported by a 61-unit increase in Relationship Managers. The Digital Wealth subsidiary saw an 18 per cent YoY surge in revenue and a 23 per cent YoY increase in Assets Under Management (AUM) to Rs 1,827 crore. The Omni Financial Advisors subsidiary also reported a 15 per cent YoY growth in revenue, while the technology platform subscriber base for Mutual Fund Distributors/Independent Financial Advisors expanded to 6,273.
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Anand Rathi Wealth Ltd, incorporated in 1995, is a prominent player in the Indian wealth management landscape. As a leading non-bank wealth solutions provider, it holds a significant position in the market and is recognised as one of the country's top three non-bank mutual fund distributors. The company offers a comprehensive suite of services including wealth management, financial product distribution, and technology-driven solutions, catering to the diverse needs of its clientele. Anand Rathi Wealth Ltd is a subsidiary of the Anand Rathi Group, a well-established financial services conglomerate with a diverse portfolio encompassing investment banking, private wealth management, institutional equities, and more.
On Tuesday, shares of Anand Rathi Wealth Ltd gained 0.42 per cent to Rs 4,030.20 per share from its previous closing of Rs 4,013.25 per share. The company has a market cap of over Rs 16,000 crore and has maintained a healthy dividend payout of 30.6 per cent. The stock is up by 56.5 per cent from its 52-week low of Rs 2,575 per share and gave multibagger returns of over 500 per cent in 3 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.