Anand Rathi Wealth Q1 PAT, Revenue Grow By 38% YoY

Anand Rathi Wealth reported a consolidated net profit of Rs 73 crore for Q1 FY25, marking a 38 percent year-on-year (YoY) increase. The company’s consolidated revenue from operations also saw a 38 percent YoY rise, reaching Rs 245 crore.

Mutual fund revenue surged by 70 percent year-over-year (YoY) to Rs 89 crore. Net inflows climbed by 173 percent YoY to Rs 3,364 crore, with equity mutual fund net inflows experiencing a remarkable 462 percent YoY increase to Rs 2,091 crore.

As of June 2024, the share of equity mutual funds in Assets Under Management (AUM) increased to 54 percent, compared to 48 percent as of June 2023.

The return on equity stood at 42.8 percent.

Additionally, a buyback of Rs 164.65 crore (excluding charges and taxes) was completed in June 2024.

Rakesh Rawal, Chief Executive Officer, Anand Rathi Wealth, said, “The increase of financial assets in the total pie of household assets has also helped in growth of our AUM by 59% YoY to Rs 69,018 crores as on June 30, 2024. This has aided a revenue increase of 38% YoY to Rs 245 crores and PAT increase of 38% YoY to Rs 73 crores for this quarter. During Q1 FY25, we added 471 client families and crossed the milestone of 10,000 client families, further improving the financial goals of our clients.”

Feroze Azeez, Deputy Chief Executive Officer of Anand Rathi Wealth, noted that India’s strong fundamentals continue to attract investments into the equity markets with incremental inflows recording new highs every month.

“During Q1 FY25, our equity mutual fund net inflows increased by 462 percent YoY to Rs 2,091 crore. 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,” he said.

Over the last year, Anand Rathi Wealth stock has gained over 341 percent.

At close on June 11, Anand Rathi Wealth was at Rs 4.142 per share, around 0.5 percent lower than open.