Anand Rathi Wealth (ANANDRATHI) Q4 23/24 earnings summary

Executive summary

• FY24 revenue rose 35% YoY to ₹752 crore, PAT increased 34% to ₹226 crore, and AUM grew 52% to ₹59,351 crore.

• Q4 FY24 revenue was ₹197.2 crore, up 34% YoY; PAT was ₹56.9 crore, up 33% YoY.

Financial highlights

• FY24 total revenue ₹752.0 crore vs ₹558.9 crore; operating costs ₹420.5 crore vs ₹310.0 crore; PBT ₹305.6 crore vs ₹228.4 crore.

• FY24 PAT ₹225.82 crore vs ₹168.6 crore; Q4 PAT ₹56.9 crore vs ₹42.7 crore, up 33% YoY and down 2% QoQ.

• AUM reached ₹59,351 crore at Mar-24, up 52% YoY; MF equity and debt AUM was ₹35,577 crore and Non-PP SP AUM ₹14,398 crore.

• Equity MF net inflows were ₹4,628 crore in FY24 vs ₹3,143 crore in FY23; SIP flows rose to ₹422 crore from ₹304 crore.

Outlook and guidance

• FY25 guidance: revenue ₹910 crore, PAT ₹280 crore, and AUM ₹72,000 crore, all on a consolidated basis.

• FY24 actuals exceeded revised guidance of ₹720 crore revenue, ₹220 crore PAT, and ₹51,000 crore AUM, reaching ₹752 crore, ₹226 crore, and ₹59,351 crore.