Anand Rathi Wealth July-September  Net Profit up 31% on Strong Revenue Growth

Anand Rathi Wealth Ltd. reported a 30.5% on-year rise in consolidated net profit to ₹993.51 million for the September quarter, driven by higher revenue and other income. Revenue from operations rose 22.6% to ₹2.97 billion, while sequentially, profit and revenue were up 6.1% and 8.5%, respectively. Other income increased to ₹98.14 million from ₹71.51 million a year ago.

Total expenditure, including finance costs, rose to ₹1.73 billion from ₹1.47 billion in the year-ago period, with finance costs jumping 63.7% on year to ₹48.33 million. Tax outgo for the quarter stood at ₹342.54 million, compared with ₹258.77 million a year earlier.

For the April–September period, net profit rose 29.2% to ₹1.93 billion, and revenue grew 19% to ₹5.71 billion. The board has declared an interim dividend of ₹6 per share, with Friday as the record date. It also approved setting up a subsidiary at Gujarat International Finance Tec-City, subject to regulatory approvals.