Anand Rathi Share and Stock Brokers shares drop 6% after Q2 results. What’s spooking investors?
Anand Rathi Share and Stock Brokers shares fell 6% on Wednesday despite a 50% YoY jump in Q2FY27 net profit to Rs 41.94 crore. Investor sentiment was dented by margin compression as operating expenses rose 14% YoY, primarily driven by a 31% increase in employee benefit costs.
Anand Rathi Share and Stock Brokers saw a 6% decline in shares on Wednesday following its Q2 results. The company reported a 50% increase in net profit to Rs 41.94 crore, with revenue from operations rising 20% YoY to Rs 273 crore. Despite these improvements, the shares fell as expenses increased by 14% YoY to Rs 216 crore, impacting the EBITDA margin, which dropped to 36.5%.
The company's assets under management grew by over 29% YoY to Rs 9,999 crore, and MTF book increased by over 38% YoY to Rs 1,499 crore. However, market volatility due to geopolitical issues and regulatory changes, along with increased employee benefit costs, spooked investors.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
