Recently Listed Anand Rathi Share & Stock Brokers Ltd Slips Over 4% Despite 13% Revenue Growth and 22% PAT Rise in Q2FY26

Anand Rathi Share and Stock Brokers Limited announced its consolidated financial results for the quarter ended 30 September 2025, reporting strong growth across revenue, profitability, and operational metrics.

Revenue from operations rose 13 per cent quarter-on-quarter (QoQ) to Rs 227.20 crores, supported by growth in broking, margin trading, and distribution income. EBITDA increased 24 per cent to Rs 92.65 crores, while profit after Tax (PAT) rose 22 per cent to Rs 27.90 crores, reflecting disciplined execution and efficiency gains. The EBITDA margin stood at 40.8 per cent and PAT margin at 12.2 per cent.

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Segment-wise, broking-related services grew 4 per cent to Rs 115.77 crores. Interest income from the Margin Trading Facility (MTF) rose 30 per cent to Rs 36.40 crores, while distribution income surged 50 per cent to Rs 31.55 crores. Other income increased 6 per cent to Rs 43.48 crores.

Operationally, the firm’s Assets under Custody (AUC) reached Rs 1,01,960.72 crores, up 9 per cent QoQ. Assets under Management (AUM) rose 3 per cent to Rs 7,736.42 crores. The MTF book expanded 26 per cent to Rs 1,084.51 crores, and active clients increased 7 per cent to 149,849.

Commenting on the results, Mr Pradeep Gupta, Chairman and Managing Director, said, “This has been a landmark quarter for us. Our IPO completion and strong financial performance reaffirm our leadership in India’s brokerage landscape. Broking, MTF income, and distribution all posted consistent growth. With more than 40 per cent of clients associated for over five years, our enduring relationships reflect service consistency and the relevance of our offerings.”

Mr Roop Kishor Bhootra, Wholetime Director, added, “The quarter showed consistent performance in broking and acceleration in non-broking revenue streams. The MTF book expansion and 50 per cent rise in distribution income underline rising investor confidence and opportunity-driven growth. Our PAT of Rs 27.90 crores demonstrates disciplined execution and sustained efficiency.”

About Anand Rathi Share and Stock Brokers Limited
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a full-service brokerage firm offering stock broking, margin trading, and financial product distribution across retail, high-net-worth, ultra-high-net-worth, and institutional clients. Its offerings cover equities, derivatives, commodities, and currency markets.

The company has a market cap of Rs 3,118 crore and the stock is up by 15 per cent from its listing price of Rs 432 per share. The shares of the company have an ROE of 23 per cent and an ROCE of 21.3 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.