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Earnings Call

Anand Rathi Share & Stock Brokers Earnings Call: Key Takeaways

Anand Rathi reports strong Q4 FY26 results with consolidated revenue of ₹2,557 million and PAT of ₹416 million. Strategy focuses on a 50-50 revenue split between broking and non-broking segments.

Highlights
Revenue growth28.1% Q4 Y-o-Y; 10.2% full-year FY26 growth.
MarginsEBITDA margin at 41% for FY26; PAT margin at 14%.
Demand visibilityStrong pent-up demand for MTF and diversified financial products.
Management confidenceHigh confidence in 50-50 revenue mix and phygital delivery model.

Growth

Q4 revenue grew 28.1% Y-o-Y; EBITDA rose 51.4%; PAT surged 125.7%. Full-year FY26 revenue up 10.2%.

Outlook

Targeting 15-20% annual revenue growth; MTF book target of ₹15,000 million; focus on insurance and Tier 2/3 markets.

Risks

Geopolitical tensions, FII outflows, and RBI policy changes affecting bank funding for MTF books.

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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