As the economy opened and operations resumed partially, fuel price and other expenses were higher than the revenue the company was generating, resulting in losses for FY21 and FY22. The latest results — for Q1FY23 — showed a significant spike in revenue, at Rs 12,855 crore, which shows an increase in demand (QoQ basis). Profit after tax (PAT) for the quarter was still negative (it was -Rs 1,064 crore) as two major costs, an increase in fuel expense and foreign exchange loss, among others, have affected the profitability, even though revenue increased.
Anand Rathi Wealth has maintained 30% plus growth in both revenues & profits Y-o-Y: Rakesh Rawal
Rakesh Rawal, CEO of Anand Rathi Wealth, is confident in achieving their revised guidance of Rs 900 crore in revenue and Rs 290 crore in
January 15, 2025