Anand Rathi Wealth Q3FY23 Result Highlights:
- 144% increase in Q4 net consolidated profit for Anand Rathi Wealth
- 55% increase in Q4 net revenue from operations
- Interim dividend of Rs 5 per share approved and declared for the financial year 2021-22
- Consolidated financial results include reviewed results of subsidiaries
- Recently completed Initial Public Offering (IPO)
- Stock ended at Rs 630.30 on Thursday
- Interim dividend of Rs 5 per share for the financial year 2021-22
- Record date for the dividend is January 20, 2022, and it will be credited by February 4, 2022.
Anand Rathi Wealth Q3FY23 Result Details:
Anand Rathi Wealth, a newly listed company, reported a significant increase in net consolidated profit for the fourth quarter of December. The profit rose by 144% to Rs 32 crore compared to Rs 13.08 crore in the same quarter the previous year.
Additionally, the company’s net revenue from operations increased by 55% to Rs 105.69 crore from Rs 68.08 crore in the same quarter last year.
The board also approved and declared an interim dividend of Rs 5 per share for the financial year 2021-22, with a record date of January 20, 2022 and a credit date of February 4, 2022.
The consolidated financial results include the reviewed results of subsidiaries AR Digital Wealth Private Limited, Freedom Wealth Solutions Private Limited, and Freedom Intermediary Infrastructure Private Limited.
The company recently completed its Initial Public Offering (IPO) and this was the first time it announced its results after the IPO. The stock closed at Rs 630.30 on Thursday.
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