Anand Rathi Wealth Ltd Reports 35% Y-o-Y Revenue Growth, Recommends Final Dividend of ₹9 per Equity Share

Anand Rathi Wealth Ltd announced its financial results for the fiscal year 2023-24, reporting a 35% increase in total revenue and a 34% increase in net profit compared to the previous year. The company also recommended a final dividend of ₹9 per equity share and proposed a share buy-back. The total revenue for FY23-24 was ₹752 crores, and the net profit was ₹226 crores. The asset under management (AUM) was ₹59,351 crores. The Board of Directors approved a buy-back of up to 3,70,000 equity shares for an aggregate amount of ₹164.65 crores.