Anand Rathi Wealth reported a 24% year-on-year (YoY) rise in consolidated profit after tax for the June quarter, while revenue grew 18% as the company crossed Rs 1 lakh crore in assets under management. The wealth management firm said profit after tax rose to Rs 116 crore in Q1FY27 from Rs 93.8 crore in the same quarter last year. Total revenue increased to Rs 336 crore from Rs 284.1 crore. Profit before tax also rose 24% year-on-year to Rs 156 crore.
The numbers exclude fair value gains on investments, ESOP expenses and related tax effects to allow better comparison with the previous year. Including fair value gains, ESOP expenses and related tax effects, Anand Rathi Wealth reported total revenue of Rs 432.3 crore and profit after tax of Rs 163 crore for the quarter. Earnings per share stood at Rs 9.8, compared with Rs 5.7 a year earlier.
