Anand Rathi Wealth Q3 results: Net profit jumps 144% to Rs 32 cr

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NEW DELHI: Freshly listed Anand Rathi Wealth on Thursday said its net consolidated profit for the quarter-ended December increased 144 per cent to Rs 32 crore from Rs 13.08 crore in the same quarter last year.

The company said its net revenue from operations increased 55 per cent to Rs 105.69 crore from Rs 68.08 crore a year ago.

The board of the company also approved and declared the interim dividend Rs 5 per share for the financial year 2021-22. They set January 20, 2022 as the record date for the dividend. The dividend will be credited by February 4, 2022.

The consolidated financial results of the Group include reviewed results of the subsidiaries AR Digital Wealth Private Limited (ARDWPL), Freedom Wealth Solutions Private Limited (FWSPL) and Freedom Intermediary Infrastructure Private Limited (FIINFRA).

The company had completed its Initial Public Offering (IPO) of its equity shares, through an offer for sale of 1,20,00,000 equity shares by the existing selling shareholders at an offer price of Rs 550 per share. This was the first time the company announced its results after the IPO.

The stock on Thursday ended at Rs 630.30.

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