Anand Rathi Wealth Ltd's Q3FY25 Quarterly Results

Result Summary

• Anand Rathi Wealth Ltd reported a 2.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 30.4%.
• Its expenses for the quarter were down by 5.0% QoQ and up 28.2% YoY.
• The net profit increased 1.3% QoQ and increased 33.2% YoY.
• The earnings per share (EPS) of Anand Rathi Wealth Ltd stood at 18.6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Anand Rathi Wealth Ltd is a well-established wealth management company in India. The company primarily offers advisory and distribution services of financial products, portfolio management services, and broking and investment banking services to high net worth individuals (HNIs). The company has a diverse range of financial products and services making it a preferred choice among clients seeking wealth management solutions. Recently, the company has made significant strides in expanding its client base and enhancing its product portfolio.

Revenue

In Q3FY25, Anand Rathi Wealth Ltd recognized a total income of ₹244.21 crores, representing a quarter-on-quarter decline of 2.2% from Q2FY25 when the total income was ₹249.63 crores. However, when compared to Q3FY24, the total income shows a significant year-on-year increase of 30.4% from ₹187.26 crores. This indicates a robust growth in the company's revenue generation capabilities over the past year despite a slight dip in the most recent quarter.

Profitability

The company's profitability metrics have shown a positive trend. The Profit Before Tax (PBT) for Q3FY25 stands at ₹104.17 crores, a marginal increase of 1.9% from the preceding quarter and a notable increase of 33.6% from the same quarter in the previous year. After accounting for tax, the Profit After Tax (PAT) for Q3FY25 is ₹77.30 crores, which is higher by 1.3% quarter-on-quarter and by 33.2% year-on-year. The Earnings Per Share (EPS) for the same quarter is ₹18.60, marking a 1.6% increase from the previous quarter and a substantial 33.8% increase from the same quarter in the preceding year.

Operating Metrics

Anand Rathi Wealth Ltd's operating metrics reflect a degree of efficiency in managing its costs. The total expenses for Q3FY25 were ₹140.05 crores, which is a 5.0% decrease from Q2FY25 and a 28.2% increase from Q3FY24. The tax expenses for Q3FY25 were ₹26.87 crores, which is a 3.8% increase from Q2FY25 and a 34.6% increase from Q3FY24. These figures suggest a maintained control over operational expenses leading to improved margins.