Anand Rathi Wealth Limited , a leading wealth management firm, has reported a strong financial performance for the first quarter, with significant growth in both profit and assets under management (AUM).

Robust Financial Performance

The company's consolidated net profit for Q1 jumped 28% year-on-year to ₹94.00 crore, compared to ₹73.40 crore in the same quarter last year. This impressive growth in profitability underscores the company's effective business strategies and operational efficiency.

Total revenue for the quarter rose by 16% to ₹284.00 crore, up from ₹245.40 crore in the corresponding period. The revenue growth was primarily driven by increased business activities and client engagement.

Significant AUM Growth

Anand Rathi Wealth's Assets Under Management (AUM) witnessed a robust 27% year-on-year growth, reaching ₹87,797.00 crore as of the quarter-end. This substantial increase in AUM reflects the company's growing market presence and client trust.

Key Operational Highlights

• Net inflows reached a record high of ₹3,825.00 crore for the quarter, demonstrating strong client acquisition and retention.
• The company's active client families increased by 19% year-on-year to 12,330, indicating successful expansion of its client base.
• Client attrition remained low, highlighting strong client satisfaction and loyalty.

Management Commentary

Commenting on the results, the management expressed satisfaction with the company's performance, highlighting the significant growth in Profit After Tax, total revenue, and AUM. They also noted the achievement of the highest-ever quarterly net inflows and the addition of new client families.

Market Context

The strong performance comes amidst a favorable market environment, with equity markets showing a sharp rebound during the quarter.

In conclusion, Anand Rathi Wealth's strong Q1 performance, marked by significant growth in profit, revenue, and AUM, positions the company well for continued success in the evolving wealth management landscape in India.

Anand Rathi Wealth Limited , a leading wealth management firm in India, has announced robust financial results for the first quarter, demonstrating significant growth across key metrics.

Financial Highlights

• Net Profit: The company reported a consolidated net profit of ₹93.60 crore for Q1, marking a substantial 27.9% year-on-year increase from ₹73.20 crore in the same quarter of the previous year.
• Revenue: Total revenue from operations grew by 15.3% year-on-year to ₹274.00 crore, up from ₹238.00 crore in the same period last year.
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) jumped 30.1% to ₹127.70 crore.
• EBITDA Margin: The EBITDA margin expanded to 46.6% from 41.3% a year ago, showing improved operational efficiency.

Operational Performance

Anand Rathi Wealth continued to expand its client base and strengthen its market position:

• Assets Under Management (AUM): AUM reached ₹87,797.00 crore as of the quarter-end, representing a robust 27% year-on-year growth.
• Active Client Families: Increased by 19% year-on-year to 12,330.
• Relationship Managers: The company added 22 new relationship managers over the past year, bringing the total to 382.
• Net Inflows: Achieved record quarterly net inflows of ₹3,825.00 crore.
• Client Retention: Maintained a low client attrition rate of 0.11% (measured by AUM lost), highlighting strong client satisfaction and loyalty.

Segment Performance

Management Commentary

Commenting on the results, the management stated, "Q1 was another strong quarter for Anand Rathi Wealth, with Profit After Tax rising 28% YoY to ₹94.00 crore and total revenue increasing 16% to ₹284.00 crore. Our AUM reached ₹87,797.00 crore, up 27% year-on-year. We achieved our highest-ever quarterly net inflows of ₹3,825.00 crore and onboarded 598 new client families (net) in Q1, taking the total families served to 12,330."

The management also noted the favorable market conditions, with the Nifty advancing 8.5% and the Nifty 500 rising 10.7% during the quarter, driven by renewed domestic buying and moderating FII outflows.

Future Outlook

The company remains optimistic about its growth prospects, citing India's expected GDP growth, driven by strong domestic demand, government-led capital expenditure, and a robust financial sector. This economic growth is anticipated to further increase the number of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs), creating significant opportunities for the wealth management industry.

Anand Rathi Wealth's strong Q1 performance, coupled with its expanding client base and growing AUM, positions the company well to capitalize on the positive trends in India's wealth management sector.