Anand Rathi Wealth logs 37% y-o-y growth in Q2FY23 PAT; stock hits record high

14 Oct 2022 , 10:59 AM

Anand Rathi Wealth Limited reported a consolidated net profit of Rs43 crore for Q2FY23, a 41% increase over the same period last year, while total revenue increased 33% to Rs138 crore. The consolidated net profit for Q2FY23 is 8% higher than Rs40 crore for April – June 2022 (Q1FY23), while total revenue is 3% higher than Rs134 crore for Q1FY23.

The company recorded a consolidated net profit of Rs83 crore for H1FY23, up 37% against the previous corresponding half-year. While total sales increased 34% to Rs272 crore over the same period.

The company also informed that the Board of Directors has declared an Interim Dividend of Rs5 per equity share of the face value of Rs5 each of the company (100%).

The company has a total AUM of Rs35,842 crore in H1FY23, as compared to Rs30,989 crore in H1FY22, up by 16% yoy.

At around 11.01 AM, Anand Rathi Wealth was trading at Rs712.55 up by 4.67% from its previous closing of Rs680.75 on the BSE. The scrip opened at Rs711. The counter hit a new 52-week high of Rs732. 

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