Anand Rathi Wealth April-June Net Profit Jumps 28% On Year To ₹936.2 Million

Anand Rathi Wealth Ltd.'s consolidated net profit rose 27.8% on year to ₹936.24 million for the June quarter, while revenue from operations grew 15.3% to ₹2.74 billion, the company said in an exchange filing.

On a sequential basis, net profit rose 27.5% and revenue increased 23.5%. Other income rose to ₹102.44 million from ₹78.07 million a year earlier.

Total expenditure during the quarter stood at ₹1.58 billion, up from ₹1.46 billion last year. Finance cost nearly tripled on year to ₹39.93 million.
The company's tax outgo rose to ₹324.44 million in April-June, from ₹255.50 million a year ago.