Anand Rathi Wealth (ANANDRATHI) Q1 24/25 earnings summary

Executive summary

• Consolidated total revenues for Q1 FY2025 reached ₹245.4 crore, up 38% year-over-year from ₹178 crore, with PAT of ₹73.4 crore, also up 38% year-over-year and a PAT margin of 29.9%.

• Total AUM grew 59% year-over-year to ₹69,018 crore as of June 30, 2024, with active client families surpassing 10,000.

• Unaudited consolidated and standalone financial results for the quarter ended June 30, 2024, were reviewed and approved by the Board and Audit Committee on July 11, 2024.

• Statutory auditors conducted a limited review and expressed no material misstatements in the financial statements.

• Continued focus on HNI and UHNI segments, with increasing wallet share and client stickiness.

Financial highlights

• Trade revenues stood at ₹89 crore, up 70% year-over-year.

• Net inflows in equity mutual funds jumped 462% to ₹2,091 crore.

• Consolidated revenue from operations for Q1 FY25 was ₹23,761.37 lakh, up from ₹17,502.59 lakh in Q1 FY24.

• Consolidated net profit after tax for Q1 FY25 was ₹7,344.18 lakh, compared to ₹5,323.28 lakh in Q1 FY24.

• EPS for Q1 FY25 was ₹17.6, up from ₹12.8 in Q1 FY24.

Outlook and guidance

• Long-term company growth potential projected at 20%-25%.

• Q1 FY25 revenue and PAT achieved 27% and 26% of full-year FY25 guidance, respectively.

• AUM reached 96% of FY25 guidance in Q1, indicating strong momentum.

• Management expects continued growth driven by increasing HNI population and higher equity market participation.