Anand Rathi Wealth Q2 net profit jumps 41.35% at Rs 42.63 cr
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The company reported standalone net profit of Rs 42.63 crore for the quarter ended September 30, 2022 as compared to Rs 30.16 crore in the same period last year, registering a year-on-year growth of 41.35 per cent.
Net revenue of the company rose substantially by 34.16 per cent at Rs 131.88 crore in July-September quarter of this fiscal as against Rs 98.30 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 30.18 per cent to Rs 72.50 crore from Rs 55.69 crore in year ago period. Other Income dipped by 1.49 per cent at Rs 1.32 crore versus (Sep'21 Rs 1.34 crore). Operating Profit surged by 39.39 per cent to Rs 59.38 crore as against Rs 42.60 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.88 per cent in September quarter. Interest grew by 113.16 per cent y-o-y to Rs 0.81 crore, while Taxation increased by 36.61 per cent at Rs 14.44 crore (Sep'21 Rs 10.57 crore).
