Anand Rathi Wealth Ltd: Profit Surge and Client Growth in FY25

Anand Rathi Wealth Ltd reported a strong financial performance for the September quarter and first half of FY25, with a significant rise in net profit and revenue. The company also declared an interim dividend and noted a notable increase in assets under management and client families.

Anand Rathi Wealth Ltd has announced a robust 32% increase in consolidated net profit, reaching Rs 76.3 crore for the September quarter, compared to Rs 57.7 crore in the same period last year.

The firm, specializing in wealth management for high and ultra-high-net-worth individuals, reported a 32% year-on-year growth in total revenue for the quarter, standing at Rs 249.6 crore, up from Rs 189.1 crore last year.

For the first half of FY25, the company's consolidated net profit rose by 35% to Rs 149.8 crore, with revenue surging to Rs 495.1 crore. Additionally, they've declared an interim dividend and highlighted an increase in assets under management and client expansion.

(With inputs from agencies.)