Anand Rathi Wealth Ltd. News and Updates

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Anand Rathi Wealth Ltd.

14 Jan 2025

1735.60

-1.35%

Bonus shares 2025: Anand Rathi Wealth announces first-ever bonus issue in 1:1 ratio

livemint

Anand Rathi Wealth announced a 1:1 bonus share issue, providing shareholders with one additional share for each share owned. The proposal requires shareholder approval via postal ballot and other regulatory approvals.

Promoters pledged 0.06% of shares in last quarter. Total pledge stands at 4.32% of promoter holdings

Anand Rathi Wealth reports 33 per cent increase in Q3FY25 at 77 crore

Business Line | 13 Jan 2025 1 more

Anand Rathi Wealth Ltd.

13 Jan 2025

1735.60

-1.35%

Anand Rathi Wealth Q3 results: Net profit jumps 33% to Rs 77.3 crore

Business Standard

Anand Rathi Wealth Ltd on Monday reported a 33 per cent year-on-year surge in consolidated net profit at Rs 77.3 crore in the December quarter. The company had posted a profit of Rs 58 crore in the year-ago period. In a statement, the company said its total revenue for the quarter under review stood at Rs 244.2 crore, a 30 per cent year-on-year (YoY) growth from Rs 187.3 crore in the same period last year. The leading wealth management firm, specialising in serving high and ultra-high-net-worth individuals, said its board of directors decided to allot bonus shares in the ratio of 1:1, which is one bonus equity share for every one equity share held presently. This is subject to shareholders' approval. During the nine-month (April-December) period of FY25, the company's total revenue was at Rs 739 crore, registering a growth of 33 per cent year-on-year, while profit after tax increased 34 per cent to Rs 227 crore. "India's economy continues to grow steadily, driven by rising income

Anand Rathi Wealth L.. has an average target of 1900.00 from 2 brokers.

Anand Rathi Wealth Ltd.

13 Jan 2025

1735.60

-1.35%

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Anand Rathi Wealth Ltd.

11 Jan 2025

1735.60

-1.35%

Anand Rathi Wealth to consider bonus share issue on January 13

Economic Times

Anand Rathi Wealth will decide on issuing bonus shares at its Board of Directors meeting on January 13, 2025. If approved, it will be the company's first bonus issuance. The move aims to increase stock liquidity and reward shareholders. Anand Rathi Wealth's shares have risen 49% over the past year.