Anand Rathi stock slips after wealth firm reports mixed December-quarter results

Anand Rathi Share Price: Shares of Anand Rathi Wealth were trading down in morning deals on BSE on Monday (January 15, 2024) after the company reported mixed third-quarter numbers. 

The stock of the mid-cap company was down by 1.51 per cent, or Rs 42.65, at Rs 42.65 at 9:48 am on Monday. 

Anand Rathi Q3 Results

The firm reported mixed December-quarter numbers in post market hours on Friday.

The revenue of the company was higher by 31.9 per cent, while the profit was also up by 35 per cent in the quarter under review.

Assets under management (AUM) also saw a jump of 43 per cent.

What is Anand Rathi Wealth? 

The company was started in 2002. It is India's leading non-bank wealth solutions firm

It serves high net worth (HNI) and Ultra-HNI investors.

Apart from private wealth, the company has 2 new age technology business verticals- Digital Wealth and Omni Financial Advisors

The company has a team of approximately 322 RMs.

Who is Anand Rathi?

Anand Rathi is a gold medalist chartered accountant.

Became the President of BSE ( the then Bombay Stock Exchange) in 1999.

Served as an important role in the establishment of Central Depository Services (CDS).

He has 53 years long experience.