Anand Rathi Wealth (ANANDRATHI) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue for FY25 grew 30% year-over-year to INR 981 crore, with profit after tax up 33% to INR 301 crore, surpassing revised guidance.

• Total AUM increased 30% year-over-year to INR 77,103 crore as of March 31, 2025; equity mutual funds' share in AUM rose to 53%.

• Net client additions reached 1,821 families, bringing total client families to 11,732; client attrition rate was 0.52%.

• Consistently rewarded shareholders with increasing dividends, a ₹164.65 Cr buyback, and a 1:1 bonus issue.

• New subsidiary incorporated in the UK and Bahrain representative office formation approved, expanding global footprint.

Financial highlights

• FY25 consolidated revenue was INR 981 crore, up 30% year-over-year; PAT margin improved to 30.7%.

• Q4 FY25 consolidated revenue was INR 241 crore, up 22% year-over-year; Q4 PAT was INR 74 crore, up 30% year-over-year.

• Mutual fund distribution revenue grew 52% year-over-year to INR 406 crore in FY25.

• Return on equity for FY25 was 44.6%.

• EPS increased 33.7% year-over-year to ₹36.2 in FY25.

Outlook and guidance

• FY26 guidance: revenue INR 1,175 crore, PAT INR 375 crore, AUM INR 1,00,000 crore.

• Management expects PAT growth of 20-25% annually for several years, aiming for consistency.

• Guidance is based on bottom-up RM-level planning, with an 8% conservative mark-to-market assumption.