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Broking firm Anand Rathi Shares and Stock Brokers Ltd. reported their December quarter results after market closing hours on Wednesday, January 14.
The firm's revenue from operations increased 9% from the September quarter to ₹248 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the period grew to ₹101.2 crore, increasing by 8.2% from ₹93.5 crore that it reported in the previous quarter.
Margins for the company saw a decline of 40 basis points sequentially, but remained stable at 40.81% from 41.19% in September.
Net profit for the period increased by 33% to ₹370 crore from ₹279 crore in the September quarter, aided by higher revenue and lower finance costs.
Total active clients at the end of the December quarter grew to 1.58 lakh from 1.49 lakh in September, a growth of 6%. Assets Under Custody (AUC) increased to 1.05 lakh crore from ₹1.01 lakh crore in the previous quarter.
The company's Margin Trading Facility (MTF) book has grown to ₹1,231 crore from ₹1,084 crore in the previous quarter. The MTF book now contributes to 18% of the company's overall topline.
Brokerage income for the quarter improved to ₹97.2 crore from ₹88.5 crore in September, with the number of active clients in the broking business rising to 96,851 from 92,326 last quarter.
"We will continue our focus on de-risking and stabilizing our earnings through increased exposure in the non-broking segments," Pradeep Gupta, Chairman and Managing Director of Anand Rathi Shares and Stock Brokers said.
Shares of Anand Rathi Shares and Stock Brokers ended 0.2% lower on Wednesday at ₹632.7. The stock is down 20% from its post-listing high of ₹794, but remains 100% higher than its IPO price of ₹414 per share.
The firm's revenue from operations increased 9% from the September quarter to ₹248 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the period grew to ₹101.2 crore, increasing by 8.2% from ₹93.5 crore that it reported in the previous quarter.
Margins for the company saw a decline of 40 basis points sequentially, but remained stable at 40.81% from 41.19% in September.
Net profit for the period increased by 33% to ₹370 crore from ₹279 crore in the September quarter, aided by higher revenue and lower finance costs.
Total active clients at the end of the December quarter grew to 1.58 lakh from 1.49 lakh in September, a growth of 6%. Assets Under Custody (AUC) increased to 1.05 lakh crore from ₹1.01 lakh crore in the previous quarter.
The company's Margin Trading Facility (MTF) book has grown to ₹1,231 crore from ₹1,084 crore in the previous quarter. The MTF book now contributes to 18% of the company's overall topline.
Brokerage income for the quarter improved to ₹97.2 crore from ₹88.5 crore in September, with the number of active clients in the broking business rising to 96,851 from 92,326 last quarter.
"We will continue our focus on de-risking and stabilizing our earnings through increased exposure in the non-broking segments," Pradeep Gupta, Chairman and Managing Director of Anand Rathi Shares and Stock Brokers said.
Shares of Anand Rathi Shares and Stock Brokers ended 0.2% lower on Wednesday at ₹632.7. The stock is down 20% from its post-listing high of ₹794, but remains 100% higher than its IPO price of ₹414 per share.
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