Anand Rathi Wealth Ltd reported a 33.2 per cent year-on-year (yoy) increase in consolidated net profit at ₹77.3 crore in the third quarter, up from ₹58 crore, on the back of healthy growth in assets under management (AUM).
AUM rose 38.8 per cent to ₹76,402 at end-December 2024 from ₹55,057 crore at end-2023, according to the company’s presentation.
Share investment fund
]The Board of Directors has decided to grant a bonus share in the ratio 1:1: one bonus share for each share currently held (subject to shareholder approval).
Equity mutual funds accounted for a significant portion of total assets under management at 55 percent (52 percent in Q3FY24), non-principal protected structured products (26 percent vs. 24 percent), others (14 percent unchanged) and debt mutual funds (5 percent vs. 9 percent).
