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Hot Pursuit News

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(15 Apr 2024, 10:59)

Anand Rathi rises as Q4 PAT climbs 33% YoY; board OKs Rs 165-cr buyback

Anand Rathi Wealth advanced 3.61% to Rs 4,158.90 after the company reported 32.83% rise in consolidated net profit to Rs 56.60 crore in Q4 FY24 as against Rs 42.61 crore in Q4 FY23.


Total revenue increased 34.08% year on year (YoY) to Rs 197.19 crore in the quarter ended 31 March 2024.

Profit before tax in Q4 FY24 stood at Rs 79 crore, registering a growth of 32.67% from Rs 59.54 crore recorded in the corresponding quarter previous year.

Assets under management (AUM) stood at Rs 59,351 crore in Q4 FY24, up 52% as compared to Rs 38,993 crore in Q4 FY23.

On a full-year basis, the profit after tax jumped 33.58% to Rs 224.97 crore on 34.54% rise in total revenue to Rs 751.97 crore in FY24 over FY23.

The company’s net inflows grew by 41% to Rs 1,771 crore in Jan-March 2024 period as compared with the same period last year. Of this, Equity Mutual Fund net inflows stood at Rs 775 crore (down 27% YoY) while the SIP flows added upto Rs 127 crore (up 49% YoY). ...

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