Anand Rathi Wealth hits 52 week high on reporting 23% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Anand Rathi Wealth is currently trading at Rs. 866.00, up by 35.60 points or 4.29% from its previous closing of Rs. 830.40 on the BSE.
The scrip opened at Rs. 840.00 and has touched a high and low of Rs. 884.00 and Rs. 837.00 respectively. So far 23344 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 884.00 on 13-April -2023 and a 52 week low of Rs. 607.50 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 884.00 and Rs. 805.10 respectively. The current market cap of the company is Rs. 3589.15 crore.
The promoters holding in the company stood at 48.74%, while Institutions and Non-Institutions held 12.62% and 38.64% respectively.
Anand Rathi Wealth has reported results for fourth quarter (Q4) and year ended March 31, 2023.
Anand Rathi Wealth has reported rise of 26.92% in its net profit at Rs 43.19 crore for the quarter under review as compared to Rs 34.03 crore for the same quarter in the previous year. Total income of the company increased by 27.48% at Rs 140.65 crore for Q4FY23 as compared Rs 110.33 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 23.44% in its net profit at Rs 42.71 crore for fourth quarter ended March 31, 2023 as compared to Rs 34.60 crore for the same quarter in the previous year. Total income of the company increased by 28.05% at Rs 146.81 crore for Q4FY23 as compared Rs 114.65 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 34.06% rise in its net profit at Rs 168.18 crore as compared to Rs 125.45 crore for the previous year. Total income of the company increased by 31.47% at Rs 537.64 crore for year under review as compared to Rs 408.95 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 32.97% rise in its net profit at Rs 168.60 crore as compared to Rs 126.80 crore for the previous year. Total income of the company increased by 31.30% at Rs 558.33 crore for year under review as compared to Rs 425.22 crore for year ended March 31, 2022.
