Anand Rathi Wealth Reports Strong Q1 FY25 Performance with 38% Revenue Growth

On July 11, 2024, Anand Rathi Wealth Limited announced a consolidated net profit of ₹73 crore for the first quarter of FY25 (April – June 2024). This marks a 38% increase from last year’s period (Q1 FY24). The total revenue for the quarter was ₹245 crore, also up by 38% compared to Q1 FY24.

Consolidated Financial Highlights – Q1 FY25 (April – June 2024)

Mutual fund revenue for Anand Rathi Wealth Limited surged by 70% year-over-year to ₹89 crore. Net inflows grew significantly by 173% to ₹3,364 crore, with equity mutual fund net inflows increasing by an impressive 462% to ₹2,091 crore.

The share of equity mutual funds in assets under management (AUM) rose to 54% as of June 2024, up from 48% in June 2023. The company’s annualised return on equity (ROE) was 42.8%. Additionally, they successfully completed a buyback of ₹164.65 crore (excluding charges and taxes) in June 2024.

Other Important Highlights – Q1 FY25

For the first quarter of FY25 (April – June 2024), consolidated financial highlights showed revenue of ₹245 crore, marking a 38% year-over-year increase, and a profit before tax of ₹99 crore. Other significant highlights include the Digital Wealth (DW) subsidiary, which saw total revenue rise by 13% year-over-year to ₹6.89 crore, with assets under management (AUM) increasing by 48% year-over-year to ₹1,727 crore.

The Omni Financial Advisors (OFA) subsidiary reported an 18% year-over-year growth in total revenue, amounting to ₹1.84 crore, and expanded its technology platform for mutual fund distributors (MFDs) to 6,064 subscribers, up from 5,688 the previous year.

About Anand Rathi Wealth Limited

Anand Rathi Wealth Limited is one of India’s top wealth management firms, serving high and ultra-high-net-worth individuals. The company follows a straightforward approach to private wealth management, helping most clients meet their financial goals in recent years. Anand Rathi Wealth operates in 17 cities across India and has a representative office in Dubai.

On July 12, 2024, the share price of Anand Rathi Wealth Ltd opened at ₹4,210.00, touching the day’s high of ₹4,294.20 as of 01:11 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.