Stock Report

Anand Rathi Wealth Ltd posts Rs. 57.49 crores consolidated net profit in Q2 FY2023-24

Posted On : 2023-10-12 22:00:21( TIMEZONE : IST )

Anand Rathi Wealth Ltd has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 189.0705 crores during the period ended September 30, 2023 as compared to Rs. 178.4366 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 57.4919 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 53.0614 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 13.78 for the period ended September 30, 2023 as compared to Rs. 12.71 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 189.0705 crs	₹178.4366 crs	5.96%
Net Profit	₹57.4919 crs	₹53.0614 crs	8.35%
EPS	₹13.78	₹12.71	8.42%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 189.0705 crores during the period ended September 30, 2023 as compared to Rs.138.0901 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.57.4919 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.42.9241 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.13.78 for the period ended September 30, 2023 as compared to Rs.10.29 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 189.0705 crs	₹138.0901 crs	36.92%
Net Profit	₹57.4919 crs	₹42.9241 crs	33.94%
EPS	₹13.78	₹10.29	33.92%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.367.5071 crores during the 6 Months period ended September 30, 2023 as compared to Rs.271.6296 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.110.5533 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.82.6272 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.26.50 for the 6 Months period ended September 30, 2023 as compared to Rs.19.80 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹367.5071 crs	₹271.6296 crs	35.30%
Net Profit	₹110.5533 crs	₹82.6272 crs	33.80%
EPS	₹26.50	₹19.80	33.84%

Shares of Anand Rathi Wealth Ltd was last trading in BSE at Rs. 1909.70 as compared to the previous close of Rs. 1907.95. The total number of shares traded during the day was 7679 in over 999 trades.

The stock hit an intraday high of Rs. 1946.15 and intraday low of 1850.00. The net turnover during the day was Rs. 14590297.00.