Anand Rathi Wealth Q2 Results: Profit rises 22% to Rs 122 crore; co declares dividend of Rs 4 per share

Anand Rathi Wealth has reported a 22% increase in its Q2 profit to Rs 122 crore, compared to the same period last year. This rise in profit is largely due to a 16% increase in revenue. The company's assets under management have also grown significantly, reaching Rs 1.08 lakh crore, with a record quarterly net inflow of Rs 4,186 crore. This strong performance is likely to boost investor confidence and may have a positive impact on the stock market.

Why it matters

Anand Rathi Wealth's profit has increased, and the company has declared a dividend, which could attract investors. The company's revenue has also increased, indicating a strong business performance.

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