Anand Rathi Wealth posts 33% jump in net profit at Rs 77 crore in Q3

The firm’s revenue from operations jumped 26.6 percent to Rs 237 crore in the reported quarter over Rs 187.2 crore in the same period of the previous financial year

Anand Rathi Wealth Ltd on January 13 reported a 33.2 percent jump in consolidated net profit at Rs 77.3 crore in the third quarter of the current fiscal year, compared to Rs 58.04 crore in the year-ago period, the wealth management firm said in an exchange filing.

The company had reported a net profit of Rs 76.3 crore in the September quarter of FY25, the exchange filing showed.

The firm’s revenue from operations jumped 26.6 percent to Rs 237 crore in the reported quarter over Rs 187.2 crore in the same period of the previous financial year, the stock filing said.

In the previous quarter, the firm posted a revenue of Rs 242.5 crore.

The board of the company decided to allot bonus share in the ratio of 1:1  (one bonus equity share

for every one equity share held presently).

Rakesh Rawal, chief executive officer said: “During the nine-month period of FY25, our total revenue grew by 33% Y-o-Y to Rs 739 crore, while profit after tax (PAT) increased by 34 percent to Rs 227 crore. Our assets under management (AUM) recorded a significant rise of 39 percent, reaching Rs 76,402 crore. We have achieved 75 percent of our revised revenue guidance of Rs 980 crore and 77 percent of our revised PAT guidance of Rs 295 crore in the first nine months of FY25. Additionally, we on boarded 1,785 new client families during last one year, bringing our total client base to 11,426 families.”

The shares of the company ended 2.79 percent lower at Rs 4,038.35 on NSE.

“India’s economy continues to grow steadily, driven by rising income levels and increased financialization. This shift is driving unprecedented financial activity and positioning wealth management industry exceptionally strong position. We believe that our business holds inherent growth potential of 20-25%, which we expect to sustain for many years. Our confidence stems from our uncomplicated wealth solutions for our clients to build their wealth seamlessly,” Rawal added.

Highlights of the first 9 months of FY25 (April to December 2024)

• Mutual Fund Distribution Revenue: Increased by 63% YoY to ₹ 303 crores.
• Net Inflows: Recorded a YoY growth of 69% to ₹ 9,145 crores.
• Equity Mutual Fund Net Inflows: Increased by 51% YoY to ₹ 5,831 crores.
• Share of Equity Mutual Funds in AUM: Rose to 55% as of December 2024, compared to 52% in December 2023.
• Return on Equity (ROE - Annualized): 45%