Anand Rathi Wealth shares trade in the red after reporting 33% surge in Q3 FY25 profit; check other details

The company on Monday reported a 33% year-on-year (YoY) surge in consolidated net profit at ₹77.3 crore in the December quarter.

It had posted a profit of ₹58 crore in the year-ago period.

Shares of the company around noon were trading at ₹3,949, down 1.60% on the BSE.

The leading wealth management firm, specialising in serving high- and ultra-high-net-worth individuals, said its board of directors decided to allot bonus shares in the ratio of 1:1, which is one bonus equity share for every one equity share held presently. This is subject to shareholders' approval.

During the nine-month (April-December) period of FY25, the company's total revenue was at ₹739 crore, registering a growth of 33% year-on-year, while profit after tax (PAT) increased 34% to ₹227 crore.

"India's economy continues to grow steadily, driven by rising income levels and increased financialisation. This shift is driving unprecedented financial activity and positioning the wealth management industry in an exceptionally strong position. We believe that our business holds inherent growth potential of 20-25%, which we expect to sustain for many years," Anand Rathi Wealth CEO Rakesh Rawal said.

The company onboarded 1,785 new client families during the last year, bringing the total client base to 11,426 families.

Anand Rathi Wealth share price trend

Shares of the company have given nearly 50% returns in the past 12 months.