Anand Rathi Wealth Q3: Anand Rathi Wealth Limited has released its Q3 FY25 results today, January 13. The company’s consolidated net profit has increased by 33.2 percent in the October-December quarter. The company has earned a profit of Rs 77.3 crore during this period. The company’s net profit in the same period a year ago was Rs 58.04 crore. The wealth management firm gave this information in its exchange filing. A decline of 3.23 percent was seen in the company’s shares today. This stock closed at Rs 4013.25 on BSE.
Anand Rathi Wealth quarterly results
Anand Rathi Wealth had reported a net profit of Rs 76.3 crore in the September quarter of FY25, according to exchange filings. The company’s revenue during the quarter increased by 26.6 per cent to Rs 237 crore from Rs 187.2 crore in the same period last financial year. The firm recorded revenue of Rs 242.5 crore in the last quarter.
Anand Rathi Wealth announces bonus issue
Anand Rathi Wealth has also announced a bonus issue for its shareholders. The company will issue bonus shares in the ratio of 1:1. This means that for every one equity share currently held, one bonus equity share will be issued.
Statement from CEO of Anand Rathi Wealth
Anand Rathi Wealth CEO Anand Rathi Wealth said, “Our total revenue during the nine-month period of FY25 grew 33 per cent year-on-year to Rs 739 crore, while PAT grew 34 per cent to Rs 227 crore. Assets under management (AUM) A growth of 39 per cent was recorded, reaching Rs 76,402 crore. We added 1785 new client families in the last one year, which led to Our total client base now stands at 11,426 families.”
He further said, India’s economy is continuously growing, which is due to rising income levels and increasing financialization. This change is boosting financial activity and putting the wealth management industry in a stronger position. We believe our business has an inherent growth potential of 20-25%, which we expect to sustain for many years.”
How was the performance in the first 9 months of FY25 (April to December 2024)?