Anand Rathi Share & Stock Brokers Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Capital Markets | Market Cap: ₹3.3K Cr

Anand Rathi Share and Stock Brokers Limited targets a revenue growth range of 15% to 25% annually, aiming for a minimum of 15% to 20% growth consistently. Anand Rathi aims for consistent revenue growth of 15% to 25% annually, with a core target range of 15%-20% year-on-year.

From Anand Rathi Share & Stock Brokers Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

531

Market Cap

₹3.3K Cr

P/E Ratio

22.0

Revenue Rank

Rank 3

Margin Rank

Rank 3

How does Anand Rathi Share & Stock Brokers Ltd rank in Capital Markets?

Compare Anand Rathi Share & Stock Brokers Ltd against every Capital Markets company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 3
View Capital Markets leaderboard →

Anand Rathi Share & Stock Brokers Ltd — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹255 Cr, net profit ₹42 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 3
  • Anand Rathi Share and Stock Brokers Limited targets a revenue growth range of 15% to 25% annually, aiming for a minimum of 15% to 20% growth consistently.
  • Profit after tax (PAT) is expected to grow faster, around 30% to 35% per year.
  • The company plans to scale the Margin Trading Facility (MTF) book from ₹1,330 crores to around ₹1,750-1,800 crores in FY27, reflecting strong growth ambitions in this segment.
  • Distribution Assets Under Management (AUM) is targeted to grow by 40%, driven by increasing wallet share and disciplined risk management.
  • Aiming to maintain a balanced revenue mix with near 50-50 contributions from broking and non-broking businesses to reduce volatility.
  • Continued focus on enhancing digital platforms and AI-led insights to deepen client engagement and scalability.
  • Company expects steady growth momentum supported by sustained domestic liquidity and investor participation.

📈 Profitability & Margins

Rank 3
  • Anand Rathi aims for consistent revenue growth of 15% to 25% annually, with a core target range of 15%-20% year-on-year.
  • PAT (profit after tax) is expected to grow at a robust rate of 30%-35% annually.
  • The company targets maintaining a balanced 50-50 revenue mix between broking and non-broking segments to reduce volatility impact and enhance stability.
  • MTF (Margin Trading Facility) book is projected to grow from ₹1,330 crores to approximately ₹1,750-₹1,800 crores during FY27.
  • Distribution AUM is targeted to scale by around 40% driven by higher wallet share and disciplined risk management.
  • Operating margins are healthy, with EBITDA margin around 39.54% in Q1 FY27 and continual focus on improving profitability.
  • The focus on digital platform enhancements and deepening client engagement is expected to support scalable growth and earnings stability.

🏗️ Capital Expenditure Plans

Yes
  • Anand Rathi Share and Stock Brokers Limited has passed a resolution to create a subsidiary unit in Dubai to address the needs of NRI customers without regulatory hurdles.
  • They are setting up this subsidiary to provide better support and investment products specifically for NRIs in the UAE region.
  • No explicit mention of other current or future capex or strategic investments aside from the Dubai subsidiary expansion.
  • The firm is also investing in enhancing its digital platform to offer real-time data, advanced analytics, AI-led insights, and better integration with India’s digital public infrastructure (UPI, Account Aggregator, eSign, DigiLocker) to strengthen client engagement and scalability.
  • No further capital expenditure details provided in the transcript regarding physical infrastructure or other strategic investments.

💰 Fundraising & Capital Structure

Yes
  • The company intends to increase its debt-equity ratio from the current 0.8 times to a more comfortable range of 1.5 to 2 times by raising additional borrowings.
  • Borrowings will be used to expand the Margin Trading Facility (MTF) book and overall business size.
  • The company's improved credit ratings (A1+ for short-term and A+ for long-term facilities) will facilitate borrowing at reasonable costs.
  • There is no explicit mention of any immediate equity fundraising; previous capital infusion occurred through IPO, which temporarily lowered the debt-equity ratio.
  • The focus is on leveraging debt prudently to finance growth without over-leveraging and maintaining comfortable borrowing levels.
  • No new equity fundraising plans are indicated in the disclosed discussion.

📋 Order Book & Pipeline

Yes
The provided transcript from Anand Rathi Share and Stock Brokers Limited's Q1 FY27 earnings call does not explicitly mention details about their current or expected order book or pending orders. The focus is primarily on financial performance, asset under management, margin trading funding book (MTF), distribution AUM, risk management, client acquisition, and market outlook. There is no direct reference to orderbook status or pending orders in the discussed content.

Key Metrics

Revenue

Rank 3

Margin

Rank 3

Capex

Yes

Fundraise

Yes

Order Book

Yes

What Anand Rathi Share & Stock Brokers Ltd's management said in earlier quarters

Others in Capital Markets this season

  • National Securities Depository Ltd (Q1 FY27)

    Expansion in market penetration, particularly by onboarding new Depository Participants (DPs) including FinTech brokers, which increased from 2% to 20% in…

  • Share India Sec. (Q1 FY27)

    ~470 crores (Q1) to Rs. Key concall takeaways from Share India Sec.'s Q1 FY27 earnings call — and how it ranks against sector peers.

  • Motil.Oswal.Fin. (Q1 FY27)

    Investment Banking has completed 11 deals raising over ₹10,000 crores in the quarter. Key concall takeaways from Motil.Oswal.Fin.'s Q1 FY27 earnings call — and…

  • Nippon Life Ind. (Q1 FY27)

    Highest ever Quarterly Profit After Tax (PAT) of INR 5.04 billion in Q1 FY27, up 27% YoY; Operating Profit at INR 4.94 billion, up 31% YoY, indicating strong…

Frequently Asked Questions

What were Anand Rathi Share & Stock Brokers Ltd Q1 FY27 results?

Anand Rathi Share and Stock Brokers Limited targets a revenue growth range of 15% to 25% annually, aiming for a minimum of 15% to 20% growth consistently. Anand Rathi aims for consistent revenue growth of 15% to 25% annually, with a core target range of 15%-20% year-on-year.

What is Anand Rathi Share & Stock Brokers Ltd share price analysis?

Anand Rathi Share & Stock Brokers Ltd currently shows a below-average growth signal. The stock trades at a P/E of 22.0 with a market cap of ₹3,250 Cr. Investors should review the full earnings analysis for detailed insights.

Is Anand Rathi Share & Stock Brokers Ltd planning capital expenditure?

Anand Rathi Share and Stock Brokers Limited has passed a resolution to create a subsidiary unit in Dubai to address the needs of NRI customers without regulatory hurdles.

Keep Anand Rathi Share & Stock Brokers Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.