Shares of Anand Rathi Wealth Limited rose by nearly 5% following the company’s robust Q2 FY25 results and upward revision of its AUM guidance. The company reported impressive financial performance for the quarter and half-year ending September 30, 2024, with total revenue from operations reaching ₹242.48 crore, a notable increase from ₹182.58 crore in the same period last year. Additionally, other income for the quarter was ₹7.15 crore, bringing the total income to ₹249.63 crore.
The company’s expenses rose to ₹147.44 crore, up from ₹111.34 crore in the same quarter last year, driven primarily by employee benefit expenses, which accounted for ₹109.44 crore. Despite higher costs, Anand Rathi Wealth reported a profit before tax (PBT) of ₹102.18 crore, up from ₹77.72 crore in the corresponding quarter of the previous year.
The company’s net profit for the quarter stood at ₹76.31 crore, compared to ₹57.68 crore last year, reflecting the company’s strong growth trajectory. This was supported by disciplined execution and strategic investments in talent and infrastructure. The earnings per share (EPS) for the quarter reached ₹18.32.
In addition to the impressive earnings, the company announced an interim dividend of ₹7 per equity share and revised its AUM guidance for FY25 to ₹80,000 crore. As of 9:23 am, Anand Rathi Wealth shares were trading 4.25% higher at ₹4,226.75 on the NSE, reflecting positive market sentiment following the announcement.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
