Anand Rathi Wealth, a Mumbai-headquartered wealth management firm, reported a 22% year-on-year rise in business profit for the second quarter (Q2) — July to September under India's April-to-March fiscal calendar — with profit reaching Rs 122 crore (Rs 1.22 billion). Revenue for the quarter grew 16% compared with the year-ago period, according to the company's quarterly results as reported by Economic Times Markets.

Assets under management (AUM) — the total value of client assets a firm oversees — stood at Rs 1.08 lakh crore (Rs 1.08 trillion), while quarterly net inflows hit a record Rs 4,186 crore (Rs 41.86 billion). AUM and net inflows are among the most closely watched operational metrics for wealth managers, since fee income in the industry is generally tied to the size of client assets, and sustained inflows widen the base on which that revenue is earned.

Alongside the results, the company declared an interim dividend of Rs 4 per share. An interim dividend is a payout declared by a company's board during the financial year, distinct from the final dividend recommended after full-year results.

The quarter's performance — spanning profit growth, record inflows and an expanded asset base — came despite weak equity markets during the period.

Anand Rathi Wealth provides wealth management services in India, and its shares trade on the BSE and the National Stock Exchange (NSE). The company's listed peers in the wealth management segment include 360 One WAM and Nuvama Wealth Management, and quarterly disclosures such as AUM and net inflows across these listed players allow like-for-like comparisons within the sector.