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Anand Rathi Wealth gains on reporting 38% rise in Q1 consolidated net profit
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Anand Rathi Wealth is currently trading at Rs. 4177.25, up by 39.55 points or 0.96% from its previous closing of Rs. 4137.70 on the BSE.
The scrip opened at Rs. 4237.45 and has touched a high and low of Rs. 4285.85 and Rs. 4108.95 respectively. So far 4001 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4298.90 on 03-Jun-2024 and a 52 week low of Rs. 974.00 on 14-Jul-2023.
Last one week high and low of the scrip stood at Rs. 4285.85 and Rs. 3998.40 respectively. The current market cap of the company is Rs. 17125.80 crore.
The promoters holding in the company stood at 48.03%, while Institutions and Non-Institutions held 13.64% and 38.34% respectively.
Anand Rathi Wealth has reported 37.95% rise in its net profit at Rs 72.23 crore for first quarter ended June 30, 2024 as compared to Rs 52.36 crore for the same quarter in the previous year. Total income of the company increased by 38.66% at Rs 236.60 crore for Q1FY25 as compared to Rs 170.63 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 37.97% rise in net profit at Rs 73.44 crore for Q1FY25 as compared to Rs 53.23 crore for the same quarter in the previous year. Total income of the company increased by 37.54% at Rs 245.42 crore for Q1FY25 as compared to Rs 178.44 crore for the corresponding quarter previous year.
