Anand Rathi Wealth Limited has reported a strong financial performance for the second quarter and half-year ending September 30, 2024. The company’s total revenue from operations for the quarter was ₹242.48 crore, marking a significant increase from ₹182.58 crore in the same period last year. Other income for the quarter stood at ₹7.15 crore, bringing the total income to ₹249.63 crore.
The company’s expenses totaled ₹147.44 crore, up from ₹111.34 crore in the same quarter last year, with employee benefit expenses contributing ₹109.44 crore to the overall figure. Despite increased expenses, the profit before tax (PBT) reached ₹102.18 crore, reflecting a robust rise from ₹77.72 crore in the corresponding quarter last year.
After tax deductions, the net profit for the quarter came in at ₹76.31 crore, compared to ₹57.68 crore in the same quarter of the previous year. This strong performance was driven by the company’s focus on disciplined execution and strategic investments in talent and infrastructure, which helped it deliver sustainable growth.
The earnings per share (EPS) for the quarter stood at ₹18.32, showcasing a healthy upward trajectory in profitability. The board also announced an interim dividend of ₹7 per equity share during the meeting.
