For the six month period ended September 30, 2024, the consolidated net profit stood at Rs. 150 crore which was 35% higher than the corresponding period of FY24. During this period the total revenue increased by 35% to Rs. 495 crores.
The company’s assets under management (AUM) grew at 57% YoY at Rs. 75,084 crore in Q2FY24 against Rs. 47,957 crores.
Mutual fund distribution revenue up 70% YoY to Rs. 195 crores while net inflows grew by 128% year-on-year to Rs. 5,700 crores. Equity mutual fund net inflows rose 64% YoY to Rs. 3,116 crore while the share of equity MFs in AUM increased to 55% by September 2023 from 50% by September 2023.
Year-on-year return on equity (ROE) was reported at 44% in the July-September quarter.
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The Board of Directors has decided to issue an equity share of Rs. An interim dividend of 7 was declared.
Commenting on the earnings, CEO Rakesh Rawal said the company is thrilled to announce yet another exceptional financial result. Rawal said, “Our Asset Under Management (AUM) has grown significantly by 57% to Rs 75,084 crore. In the first half of FY25, we have welcomed 1,066 new client families, taking our total number of client families to 10,977. Gone,” Rawal said.
The company reported a 19% YoY jump in the number of active client households at 10,977 while the number of RMs grew by 20% to 374 in the last 12 months. The company claimed to have seen zero RM attrition in the last 15 months.
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