Anand Rathi Wealth Limited reported a consolidated net profit of ₹ 43 crores for July – Sep 2022 (Q 2 FY 23 ), an increase of 41 % compared to July – Sep 2021 (Q 2 FY 22 ) and total revenue during same period rose 33 % to ₹ 138 crores.
The consolidated net profit for Q 2 FY 23 is higher by 8 % as compared to ₹ 40 crores for April – June 2022 (Q 1 FY 23 ) and total revenue for Q 2 FY23 is higher by 3 % as compared to ₹ 134 crores for April – June 2022 (Q 1 FY23 )
The Company reported a consolidated net profit of ₹ 83 crores for April – Sep 2022 (H 1 FY 23 ), an increase of 37 % compared to April – Sep 2021 (H 1 FY 22 ) and total revenue during same period rose 34 % to ₹ 272 crores.
ROE ( Annualized) – 43.0 % for H1 FY23
The Board of Directors have declared an Interim Dividend of ₹ 5 per Equity Share of Face Value of ₹ 5 each of the Company ( 100 % of Face Value)
Important Highlights H1 FY23 (Y-o-Y)
Private Wealth (PW) (Holding Company)
- Total Revenue increased by 35 % to Rs 262 Crores
- PAT grew by 38 % to ₹ 82 Crores
- Net f lows grew by 106 % to Rs. 2 , 474 Crores
- AUM increased by 15 % to ₹ 34 , 893 Crores
- Share of Equity Mutual Funds in AUM increased to 48 % ( PY 43 %)
- Trail Revenue grew by 33 %
- Active client families increased by 19 % to 7 , 928
- Number of RMs stood at 271 ( PY 234 )
- Digital Wealth (DW) (Subsidiary Company)
- AUM increased by 23 % to ₹ 949 Crores
- Number of active clients grew by 14 % to 4 , 065
Omni Financial Advisors (“OFA”) (Subsidiary Company)
- Leader in technology product sale to 5 , 439 MFDs as of 30 th September 2022
- Assets under Administration ( Au A) of MFDs on this platform is ₹ 85 , 932 Crores as on 30th September 2022
“ Despite all the external challenges, I am happy to share that our Company has reported robust performance in H1 FY23 wherein the revenue grew by 34%, and PAT by 37%. This performance was backed by strong growth in AUM of 16% YoY at Rs. 35, 842 crores. Another area where we witnessed strong momentum was the addition in number of client families. We added almost 1 , 250 client families in last one year. Our total client families as on 30th September 2022 stood at 7 , 928. On the Relationship Manager ( RM) side, we have added 37 RMs on a net basis. We continue to remain optimistic about the business growth while assisting our clients achieve high quality experience in the journey of wealth solutions.”
, Mr. Rakesh Rawal, Chief Executive Officer said:
“I am pleased to share that the board of directors has declared an Interim Dividend of ₹ 5 per Equity Share of ₹ 5 each of the Company. This is in line with the company’ s endeavor to regularly reward its shareholders. We delivered a strong performance across verticals coupled with an overall improvement in operational efficiencies. Inspite of the volatile market scenario we have witnessed strong net flows of ₹ 2 , 474 crores in H1 FY23 which is more than double as compared to the net flows of ₹ 1 , 202 crores same period last year. For H1 FY 23, our PBT grew by 37% over the same period last year, to ₹ 110 crores, while our PAT grew by 37% over the same period last year, to ₹ 83 crores. This growth reflects the effectiveness of developing uncomplicated wealth solutions for our client families as well as the tenacity of our team”.
Mr. Feroze Azeez, Deputy Chief Executive Officer said:
About Anand Rathi Wealth Limited
