FY23 PAT grows by 33% Y-o-Y and Revenue grows 31% Y-o-Y

Mumbai, 12^th April 2023 - Anand Rathi Wealth Limited reported a consolidated net profit of ₹ 43 crores for Jan - Mar  2023  (Q4 FY 23),  an  increase  of  23%  compared  to  Jan  - Mar  2022 (Q4 FY22) and total revenue of ₹ 147 crores representing an increase of 28%.

The Company reported a consolidated net profit of ₹ 169 crores for Apr – Mar 2023 ( FY 23), an increase of 33% compared to  Apr  – Mar  2022 ( FY 22)  and  total revenue during same  period rose 31% to ₹ 558 crores.

Consolidated Financial Highlights – FY23 (April – March 2023)

Particulars ( ₹ Crs.)	Q 4 FY 23	Q 4 FY 22	Y- o- Y	FY23	FY22	Y- o- Y
Total Revenue	146.8	114 . 6	+ 28 %	558.3	425 . 2	+ 31 %
Profit Before Tax	59.3	44 . 0	+ 35 %	227.9	167 . 4	+ 36 %
Profit After Tax	42.7	34 . 6	+ 23 %	168.6	126 . 8	+ 33 %
EPS (₹)	10.3	8 . 3	+ 23 %	40.5	30 . 5	+ 33 %
AUM	38 , 993	32 , 906	+ 18 %	38 , 993	32 , 906	+ 18 %

• ROE – 40.36% for FY23
• The Board of Directors have declared Final Dividend of ₹ 7 per  Equity Share of  Face Value of ₹ 5 each of the Company  ( 140%  of Face  Value).  Total  Dividend  for  FY23 stood at ₹ 12 per Equity Share ( Interim Dividend of ₹ 5 per Equity Share)

Important Highlights FY23 (Y-o-Y)

Private Wealth (PW) (Holding Company)

• Total Revenue increased by 31% to ₹ 538 Crores
• PAT grew by 34% to ₹ 168 Crores
• Net flows grew by 78% to ₹ 4 , 896 Crores
• AUM increased by 18% to ₹ 37, 942 Crores
• Share of Equity Mutual Funds in AUM increased to 47% ( PY 46%)
• Trail Revenue grew by 23%
• No of Active client families increased by 18% to 8 , 352

Digital Wealth (DW) (Subsidiary Company)

• AUM increased by 23% to ₹ 1 , 051 Crores ( PY ₹ 852 Crores)

• Number of clients grew by 9 % to 4 , 249 ( PY 3 , 907)

Omni Financial Advisors (“OFA”) (Subsidiary Company)

• One of the leading technology platform provider, sale to 5 , 677 MFDs as of 31^st March 2023 ( PY 5 , 343)
• Assets under Administration ( AuA) of MFDs on this platform is ₹ 92, 174 Crores as on 31st March 2023 ( PY ₹ 79, 846 Crores)

Commenting on the Results, Mr. Rakesh Rawal, Chief Executive Officer said:

“Amidst geopolitical tension, higher inflation, and the higher interest rate environment, the Indian economy remained resilient during the year.  With  inflation  expected  to moderate and the investment cycle reviving,  the  economy  is likely  to  do well  in the current year.

In FY23 our  revenue grew by 31%  to  ₹ 558 crores, and PAT  grew  by 33%  to  ₹ 169 crores. Our holistic approach has  also  aided us in achieving strong AUM growth of 18% Yo Y at ₹ 38, 993 crores.

During the last year, we have added 1 , 270  client families, a new  record at  ARWL. This clearly demonstrates the trust and confidence our clients have in our  services. Our  total client families as  on 31^st March 2023 stood at  8 , 352. On  the Relationship Manager ( RM) side, we have added 22 RMs on a net basis.

In the last one  year, post listing, the  company has  outperformed i ts  own expectations and we anticipate our  long-term commitment to offer  the  most  efficient wealth  solutions to our clientele will enable us to achieve 20-25% growth in the years ahead.”

Commenting on the same, Mr. Feroze Azeez, Deputy Chief Executive Officer said:

“Over the years, we have believed in providing uncomplicated, holistic and standardized solutions to our clients that have helped us  consistently deliver  robust performance at Anand Rathi Wealth.

Despite the challenging environment, we have delivered strong  performance  across verticals. Our net flows for FY23 stood at ₹ 4 , 896 crores, growth of 78% and the net flows in Q4 FY23 stood at  ₹ 1 , 180 crores, growth of  40%. This speaks of  value which we  add  for our clients. This growth also reflects  the  effectiveness  of  developing  uncomplicated wealth solutions for our client families as well as the competence of our team.

Given the favourable macro economic situation and  the  increase  in incomes and  savings, we believe there is significant untapped market for the wealth management sector."

About Anand Rathi Wealth Limited

Anand Rathi Wealth Limited is amongst India’ s leading non-bank wealth solutions firms, catering to high and ultra-high net worth individuals. The  Company  has  evolved  into providing well defined uncomplicated wealth solution  to  our  clients.  Our  performance during last few years has helped our clients achieve their wealth objectives. In addition to Private Wealth Vertical ( PW), Company has  two new age  technology led  business verticals i.e., Digital Wealth ( DW) and Omni Financial Advisors ( OFA). DW business is a fin- tech extension of the Company’ s proposition for the mass affluent segment with wealth solution delivered through a combination of human interface empowered with technology.  OFA business is a strategic extension for capturing wealth  management  landscape  to  service retail clients through mutual fund distributors by using a technology platform.