Anand Rathi Dividend: Domestic brokerage declares final dividend of ₹7 per share for FY25; Record date fixed

Anand Rathi Dividend: Anand Rathi announced on Friday, April 25, that its board recommended a final dividend for fiscal 2024-25 (FY25) and also set the record date for the payment of the dividend. The domestic brokerage's board recommended a final dividend of ₹7 per share for FY25. The record date for the payment of the dividend, once approved, is on May 9.

The Board of Directors has recommended a final dividend of Rs. 7 per share. The record Date for the purpose of final dividend for FY 2024-2025 will be Friday, May 09, 2025. Final dividend once approved by the members in the ensuing AGM will be paid within 30 days from the date of approval," said Anand Rathi in a regulatory filing to the stock exchanges on April 25.

Anand Rathi final dividend for FY25

“As prescribed under the Income Tax Act, 1961 (‘Act’), as amended by the Finance Act, 2020, dividends paid or distributed by a company after April 1, 2020, shall be taxable in the hands of Members. The company shall therefore be required to deduct tax at source (TDS) at the time of making the payment of final dividend,” added the domestic brokerage in its exchange filing.

Anand Rathi Wealth, a part of Mumbai-based financial services group Anand Rathi, on Thursday reported a 30 per cent jump in profit after tax (PAT) to ₹74 crore in the March quarter.

The company had posted a PAT of ₹57 crore in the same quarter a year ago, Anand Rathi Wealth said in a regulatory filing to the stock exchanges. Total revenue rose 22 per cent to ₹241.4 crore during the fourth quarter of the previous fiscal year from ₹197.2 crore a year earlier. Besides, the company announced a final dividend of ₹7 per equity share.

For April-March 2025 (FY25), the company posted a net profit of ₹301 crore, registering a year-on-year increase of 33 per cent and total revenue during this period rose 30 per cent to ₹981 crore.

"During FY25, our Assets Under Management (AUM) increased by 30 per cent, reaching ₹77,103 crore, compared to a 5 per cent gain in the Nifty over the same period. We also welcomed 1,821 new client families, bringing our total to 11,732 families served," the company management said.

Meanwhile, the company said Feroze Azeez has been promoted to Joint CEO from Deputy CEO. Anand Rathi Wealth is a leading wealth firm catering to high and ultra-high net-worth individuals. The company has a presence across 17 cities in India, representative office in Dubai and setting up the office in London.