Broking firm Anand Rathi Shares and Stock Brokers Ltd reported its December quarter results after market hours on Wednesday, January 14.
Revenue from operations rose 9 per cent sequentially to Rs 248 crore,
while earnings before interest, tax, depreciation and amortisation (EBITDA) increased 8.2 per cent to Rs 101.2 crore from Rs 93.5 crore in the September quarter.
EBITDA margins declined 40 basis points quarter-on-quarter but remained largely stable at 40.81 per cent compared with 41.19 per cent in the previous quarter.
Net profit surged 33 per cent to Rs 370 crore from Rs 279 crore in the September quarter, supported by higher revenue and lower finance costs.
Total active clients increased 6 per cent to 1.58 lakh at the end of the December quarter, up from 1.49 lakh in September. Assets under custody (AUC) rose to Rs 1.05 lakh crore from Rs 1.01 lakh crore in the previous quarter.
The company’s margin trading facility (MTF) book expanded to Rs 1,231 crore from Rs 1,084 crore in the September quarter and now accounts for 18 per cent of the firm’s overall topline.
Brokerage income climbed to Rs 97.2 crore from Rs 88.5 crore in the previous quarter, while the number of active broking clients increased to 96,851 from 92,326.
“We will continue our focus on de-risking and stabilising our earnings through increased exposure in the non-broking segments,” said Pradeep Gupta, Chairman and Managing Director of Anand Rathi Shares and Stock Brokers.
Shares of Anand Rathi Shares and Stock Brokers closed 0.2 per cent lower on Wednesday at Rs 632.7. The stock is down 20 per cent from its post-listing high of Rs 794, but remains 100 per cent above its IPO price of Rs 414 per share.
