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Anand Rathi Wealth Q4 Results: Net Profit Jumps 23%, CO Guides For 21% PAT Growth In FY24
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Anand Rathi Wealth reported a 23% year-on-year (YoY) rise in consolidated net profit for the quarter that ended March to Rs 42.6 crore, on the back of a 27% growth in revenue to Rs 143 crore. For FY23, the wealth management firm reported a consolidated net profit of Rs 169 crore, up 33% from the year-ago period. Total revenue rose 31% to Rs 558 crore.
The board declared a final dividend of Rs 7 a share. The total dividend for FY23 stood at Rs 12 per share. The company’s assets under management (AUM) grew by a strong 18% YoY to Rs 38,993 crore. Catch Sakshi Batra, Associate Editor, Business Today TV in conversation with the top management. Listen in here
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Anand Rathi Wealth reported a 23% year-on-year (YoY) rise in consolidated net profit for the quarter that ended March to Rs 42.6 crore, on the back of a 27% growth in revenue to Rs 143 crore. For FY23, the wealth management firm reported a consolidated net profit of Rs 169 crore, up 33% from the year-ago period. Total revenue rose 31% to Rs 558 crore.
The board declared a final dividend of Rs 7 a share. The total dividend for FY23 stood at Rs 12 per share. The company’s assets under management (AUM) grew by a strong 18% YoY to Rs 38,993 crore. Catch Sakshi Batra, Associate Editor, Business Today TV in conversation with the top management. Listen in here
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
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