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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 36.76 % in the past year, substantial increase in net sales/revenue by 29.78 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 147.95 %. Marginal decrease of -41.75% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Anand Rathi Wealth Limited. Notable increase of 37.95 % in net profit Year to Year, Anand Rathi Wealth Limited’s profitability increased by 30.14 % in this quarter.
- EPS over the Year and quarter: EPS increased by 37.50 % Year to Year. EPS increased by 29.75 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 167.712 Cr | Rs. 176.734 Cr | Rs. 229.362 Cr | + 29.78 % | + 36.76 % |
Expenses | Rs. 96.31 Cr | Rs. 106.22 Cr | Rs. 133.45 Cr | + 25.64 % | + 38.56 % |
Operating Profit | Rs. 71.4 Cr | Rs. 70.51 Cr | Rs. 95.91 Cr | + 36.02 % | + 34.33 % |
OPM % | 42.57 % | 39.9 % | 41.82 % | + 1.92 % | -0.75 % |
Other Income | Rs. 2.92 Cr | Rs. 12.43 Cr | Rs. 7.24 Cr | -41.75 % | + 147.95 % |
Interest | Rs. 1.36 Cr | Rs. 1.83 Cr | Rs. 1.38 Cr | -24.59 % | + 1.47 % |
Depreciation | Rs. 3.25 Cr | Rs. 3.95 Cr | Rs. 4.39 Cr | + 11.14 % | + 35.08 % |
Profit before tax | Rs. 69.71 Cr | Rs. 77.16 Cr | Rs. 97.38 Cr | + 26.21 % | + 39.69 % |
Tax % | 24.89 % | 28.07 % | 25.82 % | -2.25 % | + 0.93 % |
Net Profit | Rs. 52.36 Cr | Rs. 55.51 Cr | Rs. 72.24 Cr | + 30.14 % | + 37.97 % |
EPS in Rs | Rs. 12.5 | Rs. 13.29 | Rs. 17.25 | + 29.8 % | + 38 % |
Today, we’re looking at Anand Rathi Wealth Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 36.76 %. However, it did see a marginal increase of 29.78 % from the previous quarter. Expenses ticked up slightly by 25.64 % quarter-on-quarter, aligning with the annual rise of 38.56 %. Operating profit, while up 34.33 % compared to last year, faced a quarter-on-quarter increase of 36.02 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.75 %, but an expansion of 1.92 % sequentially. Other income fell by -41.75 % compared to the last quarter, despite an annual growth of 147.95 %. Interest expenses dropped significantly by -24.59 % from the previous quarter, yet the year-over-year increase remains at a moderate 1.47 %. Depreciation costs climbed by 11.14 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 35.08 %. Profit before tax grew annually by 39.69 % but saw an increase from the preceding quarter by 26.21 %.
Tax expenses as a percentage of profits increased slightly by 0.93 % compared to last year, with a more notable quarter-on-quarter decrease of -2.25 %. Net profit rose by 37.97 % year-on-year but experienced a 30.14 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 38 % but a quarterly rise of 29.8 %. In summary, Anand Rathi Wealth Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 167.712 Cr | Rs. 176.734 Cr | Rs. 229.362 Cr | + 29.78 % | + 36.76 % |
Expenses | Rs. 96.31 Cr | Rs. 106.22 Cr | Rs. 133.45 Cr | + 25.64 % | + 38.56 % |
Operating Profit | Rs. 71.4 Cr | Rs. 70.51 Cr | Rs. 95.91 Cr | + 36.02 % | + 34.33 % |
Net Profit | Rs. 52.36 Cr | Rs. 55.51 Cr | Rs. 72.24 Cr | + 30.14 % | + 37.97 % |
EPS in Rs | Rs. 12.5 | Rs. 13.29 | Rs. 17.25 | + 29.8 % | + 38 % |
In reviewing Anand Rathi Wealth Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 36.76 % year-on-year growth, however, there was a minor increase of 29.78 % from the previous quarter. Expenses rose by 38.56 % compared to the previous year, with a 25.64 % increase quarter-on-quarter. Operating Profit surged by 34.33 % annually, and saw a 36.02 % increase from the last quarter.
Net Profit showed yearly increase of 37.97 %, and experienced a 30.14 % increase from the previous quarter. Earnings Per Share (EPS) rose by 38 % annually, however rose by 29.8 % compared to the last quarter. In essence, while Anand Rathi Wealth Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.