Anand Rathi Wealth Reports Strong Q3 FY24-25 Results Amid Rising Debt-Equity Ratio

Jan 13 2025 09:01 PM IST
share
Share Via
Anand Rathi Wealth has announced its financial results for Q3 FY24-25, showcasing significant growth in key performance metrics. For the half-year ending December 2024, net sales reached Rs 479.52 crore, with operating profit at Rs 107.07 crore and profit after tax at Rs 77.02 crore, reflecting strong operational efficiency.
Anand Rathi Wealth, a midcap player in the finance and non-banking financial company (NBFC) sector, has reported its financial results for the third quarter of FY24-25, revealing notable developments in its performance metrics. The company announced its results on January 13, 2025, highlighting significant growth across various key indicators.

For the half-year ending December 2024, Anand Rathi Wealth achieved net sales of Rs 479.52 crore, reflecting a year-on-year growth of 31.37%. The operating profit (PBDIT) reached Rs 107.07 crore, marking the highest figure in the last five quarters, with an operating profit margin of 45.17%, suggesting enhanced operational efficiency.

Profit before tax (PBT) also demonstrated a notable rise, reaching Rs 97.00 crore, while profit after tax (PAT) stood at Rs 77.02 crore, both representing the highest levels in the past five quarters. Additionally, earnings per share (EPS) increased to Rs 18.55, indicating the company's capacity to generate higher earnings for its shareholders.

On the other hand, the company’s debt-equity ratio has risen to 0.12 times, the highest in the last five half-yearly periods, which may indicate a shift in its borrowing strategy to support operations, potentially affecting liquidity.

In light of these developments, there have been evaluation changes regarding Anand Rathi Wealth's performance metrics.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News