Anand Rathi Wealth’s FY25 Profit Rises By A Third, Announces Leadership Change

Anand Rathi Wealth, a part of Mumbai-based financial services group Anand Rathi, on Thursday reported a strong performance for the March quarter, with consolidated net profit rising nearly 30% on year to ₹734.5 million. Revenue from operations for the quarter climbed over 20% to ₹2.22 billion, the company said in a regulatory exchange filing. 

Following the strong performance, the company’s board also recommended a final dividend of ₹7 per share.

However, on a sequential basis, net profit dipped 4.6% and revenue fell 6.4%.

Other income for the quarter rose to ₹194.3 million from ₹129.1 million a year ago. Total expenditure, including finance cost, stood at ₹1.42 billion compared with ₹1.18 billion last year. Finance cost more than doubled to ₹36.7 million.

The company’s tax outgo for the quarter was ₹257.3 million, up from ₹221.4 million a year earlier.

For the full year 2024-25, net profit surged over 33% to nearly ₹3 billion, while revenue rose almost 30% to ₹9.39 billion. 

Along with its earnings performance, the company also announced the promotion of Feroze Azeez to joint chief executive officer from deputy CEO.

At 1450 IST, shares of Anand Rathi Wealth were at ₹1794.45, up 1.5% from Wednesday’s close.