The company has an impressive ROCE of 47.9 per cent, indicating its efficient utilization of capital and strong profitability.
Anand Rathi Wealth Limited
On July 12, 2023, Anand Rathi Wealth Limited reported their consolidated Q1FY24 financial performance, details as follows:
The company’s total revenue surged 32.83 per cent on YoY basis from last year’s same quarter to Rs 178 crore.The profit before tax (PBT) stood at Rs 71 crore, witnessing a growth of 34 per cent from Q1FY23.
In a similar fashion, the net profit of the company soared 32.5 per cent from corresponding quarter last year at Rs 53 crore.
Anand Rathi Wealth Ltd has witnessed a 32 per cent YoY growth in its Assets Under Management (AUM), amounting to Rs 43,413 crore.
These figures reflect the company’s strong financial performance and steady growth trajectory.
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Anand Rathi Wealth Limited was incorporated on March 22, 1995. It is a leading non-bank wealth solutions firm in India. As an AMFI registered mutual fund distributor, it offers a wide range of products including wealth solutions, financial product distribution, and technology solutions to its clients. The company is ranked among the top three non-bank mutual fund distributors in the country.
Over the past five years, the company has achieved a commendable profit growth of 27.3 per cent compounded annual growth rate (CAGR). Additionally, it has established a strong track record of return on equity (ROE) with a three-year average ROE of 33.0 per cent. Also, the company has maintained a commendable Return on Capital Employed () of 47.9 per cent, indicating its efficient utilization of capital and strong profitability.
Furthermore, the company has consistently maintained a strong payout of 23.8 per cent. This consistent policy showcases the company’s stable financial performance and its focus on rewarding its shareholders with regular income distributions.
Investors should keep close eye on this trending stock.