Anand Rathi shares surge on 38 percent profit growth in Q1FY25

Anand Rathi Wealth shares are up over 60 percent in the year so far.

Shares of Anand Rathi Wealth surged close to 3 percent on July 12, a day after the company reported a strong set of earnings for the April-June quarter of FY25.

At 09.27 am, Anand Rathi Wealth was trading at Rs 4,188.95 on the NSE.

The wealth management company reported a consolidated net profit of Rs 73 crore for Q1 FY25, which is a 38 percent year-on-year growth. The consolidated revenue from operations also grew by 38 percent on year to Rs 245 crore.

Revenue from mutual funds surged 70 percent YoY on year to Rs 89 crore, while net inflows rose two-fold to Rs 3,364 crore, with equity mutual fund net inflows jumped nearly five-fold to Rs 2,091 crore.

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As of June 2024, the share of equity mutual funds in Assets Under Management (AUM) rose to 54 percent, compared to 48 percent in the year ago period. The return on equity stood at 42.8 percent.

Feroze Azeez, Deputy Chief Executive Officer of Anand Rathi Wealth highlighted that India's robust fundamentals continue to attract investments into the equity markets, and incremental inflows is reaching new highs each month.

"During Q1 FY25, our equity mutual fund net inflows registered strong growth. This continued growth underscores the deep trust and confidence our clientele place in our value proposition. Our systematic and data-driven approach, along with a realistic understanding of client needs and risks, has been instrumental in achieving these results," Azeez said.

In addition, the company also successfully completed a buyback equity shares in June 2024 worth a total of Rs 164.65 crore.

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