Q1 FY25 Revenues and PAT grows by 38% Y-o-Y
Anand Rathi Wealth Limited reported a consolidated net profit of Rs 73 Crores for April - June 2024 (Q1 FY25), an increase of 38% compared to April- June 2023 (Q1 FY24) and total revenue of Rs 245 Crores representing an increase of 38% compared to April- June 2023 (Q1 FY24)
image for illustrative purpose
Mumbai, Jul 12: Anand Rathi Wealth Limited reported a consolidated net profit of Rs 73 Crores for April - June 2024 (Q1 FY25), an increase of 38% compared to April- June 2023 (Q1 FY24) and total revenue of Rs 245 Crores representing an increase of 38% compared to April- June 2023 (Q1 FY24).
Mutual Fund revenue increased by 70% YoY to Rs 89 Crores. Net inflows grew by 173% YoY to Rs 3,364 Crores. Equity Mutual Fund net inflows increased by 462% YoY to Rs 2,091 Crores. Share of Equity Mutual Funds in AUM increased to 54% as of June 2024, compared to 48% as of June 2023. Return on Equity (ROE - Annualised) : 42.8%. Buyback of Rs. 164.65 Crores (excluding charges and taxes) successfully completed in June 2024.
