Page 3 - Anand Rathi Wealth Limited

Anand Rathi Wealth Q4 profit rises 23% to Rs 43 cr; dividend Rs 7 per share

Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Wednesday reported a 23 per cent jump in its profit after tax at Rs 42.7 crore during the three months ended March 2023. In comparison, the company had posted a PAT (profit after tax) of Rs 34.6 crore during the same quarter of the preceding fiscal, Anand Rathi Wealth said in a regulatory filing. Total revenue rose by 28 per cent to Rs 146.8 crore during the period under review from Rs 114.6 crore in the quarter ended March 31, 2022. Feroze Azeez, Deputy Chief Executive Officer at Anand Rathi Wealth, attributed the robust quarterly numbers to a slew of factors including the addition of Relationship Managers (RMs). For the financial year 2022-23, the company's PAT has surged by 33 per cent to Rs 168.6 crore and total revenue increased by 31 per cent to Rs 558.3 crore. Moreover, the number of active client families went up by 18 per cent to 8,352. "This growth reflects the effectiveness of developing

Anand Rathi Wealth hits record high, soars 8% on strong Q2 results

Anand Rathi Wealth reported strong growth in asset under management (AUM) of 16 per cent YoY at Rs 35,842 crore.

Anand Rathi Wealth Q1 net profit up 34% to Rs 40 cr; revenue rises 36%

Rakesh Rawal, Chief Executive Officer of Anand Rathi Wealth, said the company has reported strong growth for the quarter despite the challenging market scenario.

Anand Rathi Wealth zooms 16% to hit record high on strong Q4 results

The management expects an increased inflow of funds and consistent growth in AUM in the coming quarters.

Anand Rathi Wealth Q4 profit rises over three-fold to Rs 35 crore

Revenue rose by 49 per cent to Rs 115 crore in the quarter under review compared to Rs 77 crore in the year-ago period

Stocks to Watch: RIL, Wockhardt, IDBI Bk, SJVN, Titan, DMart, FMCG, Pharma

Pharma shares may be in focus as India's apex health research organization ICMR has raised concerns around the safety for use of the oral antiviral drug Molnupiravir

Anand Rathi Wealth Q3 net profit soars over two-fold to Rs 32 cr

Anand Rathi Wealth reported an over two-fold jump in profit after tax (PAT) at Rs 32.04 crore for three months ended December 2021.

Anand Rathi Wealth gains 6% on debut, ends at Rs 583.5 vs Rs 550 IPO price

At the closing price, the company was valued at Rs 2,428 crore

Market wrap: Benchmarks end lower for a second day; Sensex slips 166 pts

NBFCs to come under the ambit of PCA framework from Oct 2022; Anand Rathi Wealth debuts at 9% premium; WPI-based inflation hits 12-year high of 14.2% in Nov

Partial recovery! Sensex ends 166pts down; ITC slips 3%, PowerGrid gains 4%

Reliance, Bharti Airtel and financial shares were the other major losers; Data Patterns IPO gets 2.5 times subscripton as of 03:15 PM on day 1 of the offer

Anand Rathi Wealth debuts at 9% premium over its issue price

Post listing, the stock has moved higher by up to Rs 614.95, up 12 per cent against the issue price of Rs 550 per share on the BSE

Stocks to Watch: Paytm, Shriram group, Voda Idea, Greenlam, Vedanta

Anand Rathi Wealth to make its debut on the bourses on Tuesday, GMP indicates 50 per cent listing gain for the stock

Anand Rathi Wealth IPO subscribed nearly 10x on strong HNI interest

Institutional portion saw only 2.5 times subscription. Overall, the IPO saw bids worth Rs 4,500 crore

Any cyclical downturn impacts revenues temporarily, says Anand Rathi

'Wealth creation on the ground is clearly visible,' says chairman of company that has an Rs 660-crore IPO

Market wrap: Sensex plunges nearly 950 pts, Nifty ends below 17,000

Vodafone Idea shares hit 31-month high; tech charts show 40% upside; Anand Rathi Wealth IPO subscribed over 8 times

Anand Rathi Wealth IPO subscribed 3 times on Day 2 on retail interest

The Rs 660-crore initial share-sale received bids for 2,55,81,204 shares against 84,75,000 shares on offer

Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh

The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent

Tega Industries IPO subscribed 13.5x on day-2 on HNI, retail interest

Anand Rathi Wealth IPO subscribed 1.5 times on opening day

Sensex gallops 776 pts, Nifty ends above 17,400; HDFC, IT shares lead

The Midcap and Smallcap indices also surged over a per cent each, and advancing shares outnumbered declining stocks in 2:1 ratio the BSE on Thursday