Anand Rathi Wealth Q1 profit rises 34% to Rs 53 crore
19 October 2024
Leading non-bank wealth solutions company Anand Rathi Wealth on Wednesday reported a 34 percent 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 percent 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 percent 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.
Leading non-bank wealth solutions company Anand Rathi Wealth on Wednesday reported a 34 percent 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 percent 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 percent 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.
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