Anand Rathi Wealth's December quarter earnings showed riseNew Delhi: Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Thursday reported an over two-fold dive in earnings after tax (PAT) at Rs 32.04 crore for three months ended December 2021.
The business had posted a PAT of Rs 13.12 crore in the same quarter of the preceding financial, Anand Rathi Wealth said in a regulative filing to the stock exchanges.Total income rose by 55 per cent to Rs 108.66 crore in the quarter under review from Rs 70.15 crore in the quarter ended December 31, 2020.
Anand Rathi, chairman of the business, stated that the company has actually signed up outstanding growth both in revenue and success terms as a result of its unique worth proposal to its consumers and high level of the retention of RMs (relationship managers) and customers.The company also declared an interim dividend Rs 5 per share for the fiscal year 2021-22.
This is the company's first financial outcome given that it got noted on the Indian bourses in December.Anand Rathi Wealth operates in the financial services market with a concentrate on mutual fund circulation and sale of monetary items.