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Earnings Call

Anand Rathi Share & Stock Brokers Earnings Call: Key Takeaways

Anand Rathi reports strong FY26 results with Revenue at ₹9,321.6 Mn (up 10.2% YoY) and PAT at ₹1,292.7 Mn (up 24.8% YoY). Strategy focuses on diversifying into non-broking segments like MTF and distribution.

Highlights
Revenue growthFY26 up 10.2% YoY; Q4FY26 up 28.1% YoY.
MarginsEBITDA margin improved to 40.7% (FY26) from 36.8% (FY25).
Demand visibilityStrong growth in Assets under Custody (up 16% YoY).
Management confidenceHigh; sustained business momentum despite challenging markets.

Growth

Q4FY26 PAT surged 125.7% YoY; MTF book grew 60.7% YoY to ₹11,019 Mn.

Outlook

Expansion via insurance corporate agency license (July 2025) and increasing non-broking revenue share.

Risks

Challenging market backdrop; potential concentration risks in MTF book (partially mitigated).

Source

Earnings Call filed with BSE, NSE: ARSSBL. Summary written with AI assistance from the document.

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Anand Rathi Share & Stock Brokers Ltd: key numbers

Share price
₹500.60
Market cap
₹3,157 Cr
Revenue (annual)
₹932.2 Cr
Net profit (annual)
₹129.3 Cr
P/E (TTM)
24.3×Sector 21.7×
Promoter holding
69.62%-0.30% QoQ
FII holding
0.15%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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