Anand Rathi Wealth Q4 PAT up 257% at Rs34.56cr on higher revenues and cost management

15 Apr 2022 , 08:27 PM

Anand Rathi Wealth reported 60.27% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs112.51cr. On a sequential basis, the revenues were higher for the quarter by 6.45%.

The company saw an expansion of its assets under advice (AUA) during the period, which also resulted in an improvement in the total revenues earned in the quarter.

The board of the company has recommended a dividend of Rs.6 per share. Full year revenues for FY22 were higher on a yoy basis by 52.62% at Rs426cr on robust revival.

The consolidated net profit for Q4 was up 257% to Rs34.56cr, while the profits were higher by 7.93% on a sequential basis.

The higher growth in net profits on a yoy basis was achieved through the impact of higher revenues seeping in and better cost management in the quarter.

For FY22, Anand Rathi Wealth reported a 182% increase in net profits at Rs127cr. Net margins for Q4-FY22 stood at 30.72% as compared to 13.80% in the year ago quarter Q4-FY21. The net profit margins were also higher by 42 basis points on a sequential basis.

Financial highlights for Mar-22 compared yoy and sequentially

	Anand Rathi Wealth
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 112.51	₹ 70.20	60.27%	₹ 105.69	6.45%
Net Profit (Rs cr)	₹ 34.56	₹ 9.69	256.66%	₹ 32.02	7.93%
Diluted EPS (Rs)	₹ 8.29	₹ 2.46		₹ 7.69
Net Margins	30.72%	13.80%		30.30%