Anand Rathi Wealth for Q3 PAT increases by 144% yoy to Rs32cr; Stock trades higher

7 Jan 2022 , 09:15 AM

Anand Rathi Wealth Limited (ARWL) announced its first financial results post listing of it’s shares for the quarter and nine months ended December 31, 2021 and also declared interim dividend of 100% (Rs5 per share).

Total consolidated revenue of the company for 3 months Oct-Dec, 21 was Rs108.66cr, recording a healthy growth of 55% yoy. Revenue for 9 months Apr to Dec, 21 at Rs.310.88cr, recorded growth of 54% yoy. Profit after Tax (PAT) for 3 months Oct-Dec, 21 was at Rs32.04cr was up by 144% yoy and for 9 months Apr to Dec, 21 at Rs92.20cr was higher by 168% yoy.

The company said in a filing on Thursday that operating cash flow for 9 months Apr to Dec, 21 was Rs86.20cr. Basic EPS for 9 month from Apr to Dec, 21 was Rs22.21. Annualised ROE (Return on Equity) was 39.5%.

Total standalone revenue for 3 months Oct-Dec, 21 was at Rs104.31cr, higher by 60% yoy and for 9 months Apr to Dec, 21 at Rs298.62cr, is up by 56% yoy. Standalone Profit after Tax (PAT) increased to Rs31.87cr and by 152% yoy during the 3 months Oct-Dec, 21 and increased to Rs91.41cr by 151% yoy during 9 months Apr to Dec, 21.

At around 9.19 am, Anand Rathi Wealth Ltd was trading at Rs644.95 per piece up Rs9.05 or 1.42% from its previous closing of Rs635.90 per piece on the BSE.

Business Highlights —
Private Wealth (PW) Vertical:

• Number of active client families increased by 13% to 6,910 during 9 months Apr-Dec, 2021.
• AUM is increased to Rs31,348cr as on Dec 31, 2021, yoy growth of 28%.
• Share of Mutual Funds in AUM increased from 54% to 58% during 9 months Apr-Dec, 2021.
• Number of RMs increased from 233 as on 31st March 21 to 253 as on Dec 31, 2021.

Digital Wealth (PW) Vertical:

• AUM increased by 38% yoy to Rs823cr.
• Number of Client Engagement Partners (CEPs) increased to 319 with 3,541 active clients.

Omni Financial Advisors (“OFA”) Vertical:

• As on December 31, 2021, No of subscribed IFAs were 5,164 and it has retained its leadership in this segment. Assets under Administration (AuA) on this platform as on December 31, 2021 was Rs84,500cr.

Anand Rathi, Chairman of the company said, “the company has registered excellent growth both in Revenue and Profitability terms as a result of its unique value proposition to its customers and high level of the retention of RMs and customers.”