ANANDRATHINSEAnand Rathi Wealth LimitedMediumNeutral
Announced Sat, 19 Apr · 13:11 IST

Anand Rathi Wealth Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

ANANDRATHI · price

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AI summary

Anand Rathi Wealth reported FY25 consolidated revenue of ₹981 crores, up 30% year-on-year, and profit after tax of ₹301 crores, up 33%, beating its revised guidance of ₹295 crores. Total AUM grew 30% to ₹77,103 crores, with net flows of ₹12,617 crores (up 76% YoY) and equity net flows rising about 67%. Mutual fund distribution revenue surged 52% to ₹406 crores. PAT margin improved to 30.7% (from 30%) and ROE stood at 44.6%. The company added 1,821 net client families, taking the total to 11,732, with client attrition at just 0.52%. The Board declared a final dividend of ₹7 per share (₹14 post-bonus). For FY26, management guided revenue of ₹1,175 crores and PAT of ₹375 crores, assuming 8% conservative mark-to-market returns. Strategic updates include Feroze Azeez's elevation to Joint CEO, a newly incorporated UK subsidiary awaiting license (4-6 months), and a planned Bahrain rep office.

Likely market impact

Strong delivery against guidance, consistent 14-quarter track record of 20%+ PAT growth, and a healthy FY26 outlook with 20% revenue and 24% PAT growth guidance are positive signals for shareholders. The improvement in PAT margin, high ROE of 44.6%, and low client/RM attrition reinforce the franchise's quality, though management tempered expectations on near-term operating leverage.