Anand Rathi Wealth reports 24% net profit growth in Q1

Anand Rathi Wealth reported that its net profit in the June quarter was up 24 per cent year-on-year to ₹116 crore.

Revenue increased 18 per cent to ₹336 crore, while Assets Under Management grew by 21 per cent year-on-year to ₹ 1,06,300 crore.

Rakesh Rawal, Chief Executive Officer said, despite the volatile equity market environment, the uncomplicated business model and unwavering focus on client outcomes enabled the company to deliver consistent and market-agnostic growth, reinforcing the resilience and scalability of business.

“We onboarded 1,611 new client families on net basis over the last twelve months, taking our total client base to 13,941 families. Client attrition, measured by AUM lost, remained at a low at 0.09 per cent, underscoring the strength of our client-centric uncomplicated approach,” he added.