Anand Rathi Wealth Limited

The uptick in Anand Rathi share price came after the company reported a strong set of September quarter (Q2FY25) results.

Anand Rathi Wealth stock soared up to 3.58 per cent at Rs 4,285.85 per share on the BSE on Friday after the brokerage firm posted its April-June quarterly results for the fiscal year 2024-25 (Q1FY25)

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Total revenue also jumped 38 per cent to Rs 245 crore, the wealth management firm said

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The board of directors has approved a proposal to buyback up to 370,000 equity shares of the company at Rs 4,450 per equity share, aggregating up to Rs 164.65 crore

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The average trading volumes at the counter jumped over 10-fold in trades on Wednesday.

Shares of Anand Rathi Wealth hit a new high of Rs 2,075, surging 9% in Wednesday's intraday. It has zoomed 196% thus far in the calendar year 2023

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The management hailed the Q1 performance and said that the demand for wealth management services has increased significantly due to availability of a wide range of investment options

The management said the strong performance was fueled by the robust growth in AUM, which witnessed a 32 per cent YoY increase, reaching to Rs 43,413 crore

Leading non-bank wealth solutions company Anand Rathi Wealth on Wednesday reported a 34 per cent surge in profit after tax at Rs 53 crore for three months ended June 2023. In comparison, the company had posted a PAT (profit after tax) of Rs 40 crore in the same quarter of the preceding fiscal, Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, said in a statement. Total revenue rose by 34 per cent to Rs 178 crore in the quarter under review from Rs 134 crore in the first quarter ended June 30, 2022. As of June-end this year, the asset under management (AUM) of the company stood at Rs 43,413 crore, up 32 per cent over the same period last year. In addition, the company continued to expand its client base adding 395 client families in the first quarter of the current financial year (2023-24). Anand Rathi Wealth Ltd is amongst India's leading non-bank wealth solutions firms, catering to high and ultra-high-net-worth individuals. In addition to the private

Given the increase in incomes and savings, the management believes there is significant untapped market for the wealth management sector

According to the company, the assets under management increased 18 per cent during the year to Rs 39,000 crore

Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Wednesday reported a 23 per cent jump in its profit after tax at Rs 42.7 crore during the three months ended March 2023. In comparison, the company had posted a PAT (profit after tax) of Rs 34.6 crore during the same quarter of the preceding fiscal, Anand Rathi Wealth said in a regulatory filing. Total revenue rose by 28 per cent to Rs 146.8 crore during the period under review from Rs 114.6 crore in the quarter ended March 31, 2022. Feroze Azeez, Deputy Chief Executive Officer at Anand Rathi Wealth, attributed the robust quarterly numbers to a slew of factors including the addition of Relationship Managers (RMs). For the financial year 2022-23, the company's PAT has surged by 33 per cent to Rs 168.6 crore and total revenue increased by 31 per cent to Rs 558.3 crore. Moreover, the number of active client families went up by 18 per cent to 8,352. "This growth reflects the effectiveness of developing

Anand Rathi Wealth reported strong growth in asset under management (AUM) of 16 per cent YoY at Rs 35,842 crore.

Rakesh Rawal, Chief Executive Officer of Anand Rathi Wealth, said the company has reported strong growth for the quarter despite the challenging market scenario.

The management expects an increased inflow of funds and consistent growth in AUM in the coming quarters.

Revenue rose by 49 per cent to Rs 115 crore in the quarter under review compared to Rs 77 crore in the year-ago period