Anand Rathi Wealth announced Q1FY23 results: Total revenue rises 36% YoY to Rs 134 crore Profit after tax rises 34% YoY Rs 40 crore AUM rises 15% YoY to Rs 32,961 crore Commenting on the Q1FY23 Results, Mr. Rakesh Rawal, Chief Executive Officer said “The company has reported strong growth for the quarter ended 30th June 2022, despite the challenging market scenario. The company has reported the highest ever revenue of Rs. 134 crores, growth of 36% over the same period last year. Our PAT increased by 34% to Rs. 40 crores over same period last year. As on 30th June 2022, our AUM stood at Rs. 32,961 Crores, growth of 15% over same period last year. We are confident that our long-term commitment to providing our clients with the most effective wealth management solutions, along with a committed team of Relationship Managers, will enable us to see strong growth in the coming years.” Commenting on the Q1FY23 Results, Mr. Feroze Azeez, Deputy Chief Executive Officer said “Our performance for the current financial year was backed by the addition of new clients and strong net flows. Our net flows for the quarter grew by whooping 395% as compared to same period last year. We have 7,400+ satisfied client families out of which 58% are with us for more than 3 years and account for 77% of our AUM. We believe the strong performance will continue in the current financial year with a strong team of Relationship Managers. We believe that the wealth management sector in India holds significant growth potential, and we remain optimistic about the business potential, and will continue to drive towards our vision while consistently focusing on uncomplicated solutions.” Result PDF
Anand Rathi Wealth reports a 239% increase in Profits in Q4FY22 Financial Services company Anand Rathi Wealth announced Q4FY22 results: AUM grows 23% YoY to Rs 32,906 crores in Q4FY22 Total Revenue grows 49% YoY to Rs 115 crores in Q4FY22 Profit After Tax grows 239% YoY to Rs 35 crores in Q4FY22 Private Wealth (PW) (Holding Company) AUM increased by 23% to Rs. 32,054 Crores Revenue increased significantly by 56% to Rs 409 Crores PAT grew by 184% to Rs. 125 Crores Active client families increased by 16% to 7,082 Share of Mutual Funds in AUM increased to 46% (PY 36%) Number of RMs increased to 271 (PY 233) Digital Wealth (DW) (Subsidiary Company) AUM increased by 39% to Rs. 852 Crores Client Engagement Partners (CEPs) increased to 316 with 3,907 active clients Omni Financial Advisors (“OFA”) (Subsidiary Company) Leader in technology product sale to 5,343 IFAs as of 31st March 2022 Assets under Administration (AuA) of IFAs on this platform is Rs. 79,800+ Crores as on 31st March 2022 Commenting on the Results, Mr. Rakesh Rawal, Chief Executive Officer said “I am pleased to share that Anand Rathi Wealth Limited has demonstrated outstanding performance for the year 2021-22. Our growth in AUM to Rs. 32,906 Crores, (23% over last year) has helped us deliver strong growth in topline and much higher margins. Our revenue increased by 52% Y-o-Y to Rs. 426 Crores and PAT increased by 184% Y-o-Y to Rs. 127 crores for the year. We believe our long-term commitment to offering the most efficient wealth management solutions to our clientele, coupled with a dedicated team of Relationship Managers will enable us to achieve strong growth in years ahead.” Result PDF
Conference Call with Anand Rathi Wealth Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: Total Revenue for 3 months Oct-Dec, 21 was Rs. 108.66 Crores, recording a healthy growth of 55% YoY. Revenue for 9 months Apr to Dec, 21 at Rs. 310.88 Crores, recorded growth of 54% YoY. Profit after Tax (PAT) for 3 months Oct-Dec, 21 was at Rs.32.04 cr was up by 144% YoY and for 9 months Apr to Dec, 21 at Rs. 92.20 Crores was higher by 168% YoY. Operating cash flow for 9 months Apr to Dec, 21 was Rs. 86.20 Crores. Basic EPS for 9 month Apr to Dec, 21 was Rs. 22.21. Annualised ROE (Return on Equity) was 39.5%. Total Revenue for 3 months Oct-Dec, 21 was at Rs. 104.31 Crores, higher by 60% YoY and for 9 months Apr to Dec, 21 at Rs. 298.62 cr, is up by 56% YoY. Profit after Tax (PAT) increased to Rs. 31.87 Crores and by 152% YoY during the 3 months Oct-Dec, 21 and increased to Rs. 91.41 Crores by 151% YoY during 9 months Apr to Dec, 21. Result PDF