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Hot Pursuit News

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(12 Jul 2024, 09:49)

Anand Rathi gains after Q1 PAT jumps 38% YoY to Rs 73 cr in FY25

Anand Rathi Wealth added 2.37% to Rs 4,235.95 after the company’s consolidated net profit jumped 38% to Rs 73.4 crore in Q1 FY25 as compared with Rs 53.2 crore in Q1 FY24.


Revenue from operations 35.76% YoY to Rs 237.61 crore in the quarter ended 30 June 2024.

Profit before tax (PBT) jumped 40% to Rs 99 crore in Q1 FY25 as compared with Rs 70.9 crore in Q1 FY24.

Assets under management (AUM) stood at Rs 69,018 crore, up 59% as compared with Rs 43,413 crore in Q1 FY24. Share of equity mutual funds in AUM increased to 54% as of June 2024, compared to 48% as of June 2023.

Net inflows surged 173% YoY to Rs 3,364 crore. Equity mutual fund net inflows soared 462% YoY to Rs 2,091 crore.

Rakesh Rawal, chief executive officer(CEO), said: “Indian economy is on a strong footing with GDP expected to grow at 7.2% for this year, making it the fastest growing market globally. In this backdrop, Indian markets have witnessed new all-time highs supported by s...

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