Anand Rathi Wealth FY24 Results : Journey from Unlisted Shares to Listed shares

With a 37.6% growth in revenue and a 38% increase in profits, this stock has brought great fortune to its investors. Yes, we are talking about Anand Rathi Wealth, a non-bank mutual fund that provides wealth services. The FY24 results are out.

Its top line, which was ₹559 crore in FY23, has increased to ₹752 crore in FY24, and the bottom line has also risen from ₹169 crore to ₹226 crore. Additionally, its clients have grown by 18.7%, reaching a total of 10,382. Along with this, it holds a strong position in the market.

In June FY25, Anand Rathi announced a share buyback at ₹4450, which is currently trading at ₹3900. However, investors should hold on to these shares as they are expected to reach even greater heights.

We had recommended Anand Rathi shares at ₹267 in the pre-IPO markets, and today the share price has reached ₹3900, reflecting a growth of over 1500%. If you had invested ₹10 lakhs at that time, it would have turned into ₹1.5 crores today.

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