Are Anand Rathi Wea. latest results good or bad?

Anand Rathi Wealth has reported its financial results for the quarter ending March 2025, revealing a mix of positive and challenging trends. Over the latest six months, the company achieved net sales of Rs 459.00 crore, reflecting a year-on-year growth of 25.17%. Additionally, the profit after tax (PAT) for this period reached Rs 150.47 crore, indicating a year-on-year increase of 31.51%. These figures suggest a favorable trend in sales and profitability in the near term.
However, the results also highlight some areas of concern. The profit before tax (PBT), excluding other income, was reported at Rs 80.03 crore for the quarter, which represents a decline compared to the average PBT of Rs 87.33 crore over the previous four quarters. Furthermore, while the company recorded its highest non-operating income in five quarters at Rs 19.43 crore, this raises questions about the sustainability of such income sources.

In terms of quarterly performance, the net sales for the quarter ended March 2025 showed a decline of 6.36% compared to the previous quarter, while the consolidated net profit also experienced a decrease of 4.64%. The operating profit margin, excluding other income, fell by 4.25% from the previous quarter, indicating some operational challenges.

Overall, the company saw an adjustment in its evaluation, reflecting these mixed results and operational trends.