For the six month period ended September 30, 2024, the consolidated net profit was reported at Rs 150 crore which was an uptick of 35% compared to the corresponding period in FY24. The total revenue during the same period grew 35% to Rs 495 crores.
Company’s assets under management (AUM) jumped by 57% YoY at Rs 75,084 crore versus Rs 47,957 crore in Q2FY24.
The mutual fund distribution revenue increased by 70% YoY to Rs 195 crore while net inflows grew by 128% YoY to Rs 5,700 crore. Equity mutual fund net inflows increased by 64% YoY to Rs 3,116 crores while the share of equity MF in AUM increased to 55% as of September 2024, compared to 50% as of September 2023, the company filing said.
Return on Equity (ROE) on an annualised basis was reported at 44% in the July-September quarter.
The board of directors declared an interim dividend of Rs 7 per equity share.Commenting on the earnings, CEO Rakesh Rawal said that the company is thrilled to announce another exceptional financial result. “Our Assets Under Management (AUM) has seen a significant increase of 57% to Rs 75,084 Crores. In the first half of FY25, we welcomed 1,066 new client families, bringing our total count of client families to 10,977,” Rawal said.Company reported a 19% YoY jump in the number of active client families at 10,977 while the number of RMs increased by 20% in the last 12 months to 374. The company claimed to have seen zero regret RM attrition for the last 15 months.
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