How did you see the sharp profit growth in Mar-22 quarter in Anand Rathi Wealth?
Answer
Answer
Anand Rathi Wealth reported 60.27% higher revenues for Mar-22 quarter at Rs.112.51 crore with QOQ growth of 6.45%. The growth was triggered by expansion of its assets under advice (AUA), which also resulted in improvement in the total revenues for the quarter. The board of Anand Rathi Wealth recommended dividend at Rs.6 per share. Full year revenues for FY22 were higher yoy by 52.6% at Rs.426 crore on post pandemic revival in activity.
Anand Rathi Wealth
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 112.51
₹ 70.20
60.27%
₹ 105.69
6.45%
Net Profit (Rs cr)
₹ 34.56
₹ 9.69
256.66%
₹ 32.02
7.93%
Diluted EPS (Rs)
₹ 8.29
₹ 2.46
₹ 7.69
Net Margins
30.72%
13.80%
30.30%
Net profits in the quarter were up 257% at Rs.34.56 crore. The higher growth in net profits was achieved due to the combined impact of higher revenues and better cost management in Q4. For full year FY22, Anand Rathi Wealth reported 182% higher net profits at Rs.127 crore. Net margins for Q4-FY22 were 30.72% compared to 13.80% in Q4-FY21. The net profit margins were also higher by 42 basis points on quarter on quarter comparison basis