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Anand Rathi Wealth Ltd Q3FY24; 35% rise in Profits

Anand Rathi Wealth Ltd was incorporated on March 22, 1995. It is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.

Financial Results:

Anand Rathi Wealth Ltd reported Revenues for Q3FY24 of ₹182.00 Crores up from ₹138.00 Crore year on year, a rise of 31.88%.

Total Expenses for Q3FY24 of ₹110.00 Crores up from ₹81.00 Crores year on year, a rise of 35.8%.

Consolidated Net Profit of ₹58.00 Crores up 34.88% from ₹43.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹13.85, up 33.69% from ₹10.36 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Brokerage
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