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Earnings Call Transcript

Anand Rathi Share & Stock Brokers Earnings Call Transcript: Key Takeaways

Anand Rathi delivered record quarterly revenue and profit, driven by strong growth in MTF and distribution segments despite secondary market volatility.

Guidance and delivery
Management target Revenue 20.0% FY27
Highlights
Revenue growthRevenue up 20% YoY to ₹2,732 million, led by MTF interest income.
MarginsPAT margin at 15%; focus on high-margin recurring trail income.
Demand visibilityStrong retail participation and record IPO activity providing high visibility.
Management confidenceBalanced and confident, highlighting record profitability and diversified revenue streams.

Growth

Revenue grew 20% YoY to ₹2,732 million; PAT increased 50% YoY to ₹419 million.

Outlook

Management targets MTF book of ₹1,750-1,800 Cr and 40% distribution AUM growth by year-end FY27.

Risks

Rising employee costs (up 31%) and potential regulatory impacts on interest spreads remain key monitorables.

Last quarter's promises, checked

Delivered

  • Revenue growth guide 15-20% → delivered 22.37% (= BEAT)
  • PAT growth guide 30-35% → delivered 71.2% (pre-excep) (= BEAT)
  • Maintain 50:50 broking/non-broking mix → delivered 52:48 mix (= BEAT)

Partly delivered

  • MTF book guide ₹1,750-1,800 Cr → delivered ₹1,331.8 Cr (= PARTIAL)
Source

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

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Anand Rathi Share & Stock Brokers Ltd: key numbers

Share price
₹471.50
Market cap
₹2,976 Cr
Revenue (annual)
₹932.2 Cr
Net profit (annual)
₹129.3 Cr
P/E (TTM)
20.7×Sector 19.7×
Promoter holding
69.58%-0.04% QoQ
FII holding
0.31%Current quarter

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

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