Anand Rathi Wealth (ANANDRATHI) Q3 24/25 earnings summary

Executive summary

• Consolidated total revenues for 9M FY25 grew 33% YoY to ₹739 crores, with PAT up 34% YoY to ₹227 crores, achieving 75% of revised revenue and 77% of PAT guidance for the year.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2024, were reviewed and approved by the Board and Audit Committee on January 13, 2025.

• Maintained high PAT margins above 30% and delivered consistent shareholder rewards through dividends, buybacks, and a proposed 1:1 bonus share issue.

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

• Expanded presence to 17 Indian cities, Dubai, and plans for a UK subsidiary, with over 10,000 client families and inclusion in Nifty 500.

Financial highlights

• Q3 FY25 consolidated revenue was ₹244 crores, up 30% YoY; PAT at ₹77 crores, up 33% YoY; PAT margin improved to 31.7%.

• 9M FY25 revenue from operations up 32.8% to ₹717.1 crores; PAT up 34.4% to ₹227.1 crores.

• Total AUM rose 39% YoY to ₹76,402 crores; highest ever quarterly net flows recorded despite challenging market sentiment.

• EPS for 9M FY25 at ₹54.6, up 34.7% YoY.

• Return on equity (annualized) stood at 44.8% for 9M FY25.

Outlook and guidance

• Achieved 75% of revised revenue and 77% of PAT guidance for FY25 in the first nine months; AUM at 96% of FY25 guidance.

• Targeting 4% market share in Indian mutual fund category over the next several years, with aspirations to increase net flow market share to 4.8%.

• Management expects continued growth driven by increasing HNI population and mutual fund penetration.

• Plans to expand internationally with a new UK subsidiary and ongoing presence in Dubai.

• Board approved a 1:1 bonus share issue, subject to shareholder approval via postal ballot.