Anand Rathi Wealth zooms on reporting 33% rise in Q4 consolidated net profit
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Anand Rathi Wealth is currently trading at Rs. 4135.00, up by 120.95 points or 3.01% from its previous closing of Rs. 4014.05 on the BSE.
The scrip opened at Rs. 3852.00 and has touched a high and low of Rs. 4185.45 and Rs. 3852.00 respectively. So far 24622 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4199.80 on 04-Mar-2024 and a 52 week low of Rs. 836.00 on 16-May-2023.
Last one week high and low of the scrip stood at Rs. 4185.45 and Rs. 3660.00 respectively. The current market cap of the company is Rs. 17276.13 crore.
The promoters holding in the company stood at 48.20%, while Institutions and Non-Institutions held 12.16% and 39.64% respectively.
Anand Rathi Wealth has reported 28.50% rise in its net profit at Rs 55.50 crore for the fourth quarter ended March 31, 2024 as compared to Rs 43.19 crore for the same quarter in the previous year. Total income of the company increased by 34.49% at Rs 189.16 crore for Q4FY24 as compared Rs 140.65 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 33.13% rise in its net profit at Rs 56.86 crore for fourth quarter ended March 31, 2024 as compared to Rs 42.71 crore for the same quarter in the previous year. Total income of the company increased by 34.08% at Rs 197.19 crore for Q4FY24 as compared Rs 147.07 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 31.67% rise in its net profit at Rs 221.44 crore as compared to Rs 168.18 crore for the previous year. Total income of the company increased by 33.97% at Rs 720.25 crore for year under review as compared to Rs 537.64 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 33.94% rise in its net profit at Rs 225.82 crore as compared to Rs 168.60 crore for the previous year. Total income of the company increased by 34.54% at Rs 751.97 crore for year under review as compared to Rs 558.91 crore for year ended March 31, 2023.
