Anand Rathi Wealth Q1 Results: Profit rises 24% to Rs 116 crore, revenue grows 18%

Anand Rathi Wealth reported a 24 percent year-on-year rise in profit to Rs 116 crore and 18 percent growth in revenue for Q1, excluding fair value gains and ESOP expenses. Assets under management grew 21 percent to Rs 1,06,300 crore, crossing the Rs 1 lakh crore milestone, with net inflows of Rs 2,743 crore. The company has already achieved 24 percent of its full-year revenue guidance of Rs 1,415 crore and 25 percent of its profit guidance of Rs 460 crore in the first quarter itself.