Anand Rathi Wealth surges on reporting 34% rise in Q1 consolidated net profit

Anand Rathi Wealth is currently trading at Rs. 663.15, up by 10.10 points or 1.55% from its previous closing of Rs. 653.05 on the BSE.

Anand Rathi Wealth
Anand Rathi Wealth

The scrip opened at Rs. 667.80 and has touched a high and low of Rs. 682.45 and Rs. 654.70 respectively. So far 20179 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 712.00 on 19-Apr-2022 and a 52 week low of Rs. 541.85 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 682.45 and Rs. 643.85 respectively. The current market cap of the company is Rs. 2764.57 crore.

The promoters holding in the company stood at 48.82%, while Institutions and Non-Institutions held 11.04% and 40.14% respectively.

Anand Rathi Wealth has reported results for first quarter ended June 30, 2022.

The company has reported a rise of 34.30% in its net profit at Rs 39.47 crore for the quarter under review as compared to Rs 29.39 crore for the same quarter in the previous year. Total income of the company increased by 36.46% at Rs 129.20 crore for Q1FY23 as compared Rs 94.68 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 33.66% in its net profit at Rs 39.71 crore for the quarter under review as compared to Rs 29.71 crore for the same quarter in the previous year. Total income of the company increased by 35.67% at Rs 133.54 crore for Q1FY23 as compared Rs 98.43 crore for the corresponding quarter previous year.

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