Anand Rathi Posts 50.3% Rise In Q2 PAT To ₹41.9 Crore, Revenue Grows 20.3% To ₹273.2 Crore

Anand Rathi Share and Stock Brokers Limited reported a 50.3% surge in profit after tax (PAT) to ₹41.9 crore and a 20.3% rise in revenue during the second quarter of FY27, ending September 30, 2026. The company's overall revenue from operations grew to ₹273.2 crore compared to the same period last year. Anand Rathi's EBITDA for the quarter came in at ₹99.9 crore, with an EBITDA margin of 37%.

The growth in Q2FY27 was solid, but rising costs did put pressure on margins. For the half of the fiscal year, revenue increased 21.2% YoY to ₹519.3 crore. EBITDA stood at ₹197.2 crore, with an EBITDA margin of 38%, and the PAT margin was 16% before exceptional items. Non-broking revenues, particularly from interest income on the Margin Trading Facility (MTF), played a significant role in driving growth, increasing by 36.3% YoY to ₹49.6 crore.

Income from distribution also rose to ₹32.7 crore. The company's Margin Trading Facility book expanded by 38.2% YoY to ₹1,499.3 crore. Assets Under Management (AUM) grew by 29.2% YoY to ₹9,999 crore, while Assets Under Custody (AUC) increased by 13.2% YoY to ₹11,541.9 crore. Anand Rathi's Chairman and Managing Director, Pradeep Gupta, highlighted that the company delivered a steady performance despite market volatility, driven by strong traction in both broking and non-broking businesses.

Director Roop Kishor Bhootra noted that trail-based revenues now account for 76% of employee costs and that 55% of clients have been with the firm for over three years, indicating strong client relationships.