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Financial Services firm Anand Rathi reported a three-fold jump in its profit after tax on Tuesday. It reported a 239% YoY surge in its net profit at ₹35 crores for the fourth quarter ended March 2022, as against ₹10 crores reported in the previous year.

Shares of the company are trading 11% higher at ₹ 680 apiece. They reached a fresh 52-week high of ₹ 721.235 on Tuesday’s early trades.

The company was listed in December 2021 and its revenue increased by 49% to ₹115 crores in the March quarter as compared to ₹ 77 crores during the same quarter last year. For the entire financial year, the company reported a PAT of ₹ 127 crores and revenue of ₹426 crores, up 184% and 52% respectively, as compared to the previous year.

“Our growth in AUM to Rs 32,906 crore, 23% over last year, has helped us deliver strong growth in topline and much higher margins,” the company said.

“Our revenue increased by 52 per cent year-on-year (Y-o-Y) to Rs 426 crore and PAT increased by 184 per cent Y-o-Y to Rs 127 crores for the year,” Rakesh Rawal, CEO Anand Rathi said.

“We believe our long-term commitment to offering the most-efficient wealth management solutions to our clientele, coupled with a dedicated team of relationship managers will enable us to achieve strong growth in the years ahead,” he added.

The company has declared a final dividend of ₹ 6 per share. With this, the total payout comes up to ₹11 for FY22

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