Anand Rathi Share & Stock Brokers Ltd
Anand Rathi Share & Stock Brokers Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects the next half of the fiscal year to be better and more robust than the previous year's second half, with strong traction in broking revenue. The company expects the next half of FY26 to be stronger and more robust compared to the last year's second half, indicating improved revenue traction in broking.
From Anand Rathi Share & Stock Brokers Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects the next half of the fiscal year to be better and more robust than the previous year's second half, with strong traction in broking revenue.
- Plans to grow the Margin Trading Funding (MTF) book to around INR 1,500 crores by March 2026, up from INR 1,085 crores as of September 2025.
- Aiming to grow Assets Under Management (AUM) in distribution to approximately INR 9,500 crores by March 2026, up from INR 7,736 crores as of September 2025.
- Targeting a balanced revenue mix with broking and non-broking revenues approaching a 50:50 ratio by 2027.
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Profitability & Margins
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Capital Expenditure Plans
- The transcript does not explicitly mention any specific current or future capital expenditure (capex) or strategic investments.
- The company focused on strengthening working capital through the IPO funds raised (~INR745 crores) primarily to expand the Margin Trading Facility (MTF) and maintain cash margin requirements.
- Expansion plans are more focused on increasing operational reach through RM expansion, online platform enhancement, and business partner channels, especially in Tier 2 and Tier 3 cities.
- They aim to grow the MTF book to INR1,500 crores by March 2026 and increase Assets Under Management (AUM) to around INR9,500 crores.
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Top-ranked in Capital Markets
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Anand Rathi Share & Stock Brokers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹255 Cr, net profit ₹42 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Anand Rathi Shar's management said in earlier quarters
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Frequently Asked Questions
What were Anand Rathi Share & Stock Brokers Ltd Q2 FY26 results?
The company expects the next half of the fiscal year to be better and more robust than the previous year's second half, with strong traction in broking revenue. The company expects the next half of FY26 to be stronger and more robust compared to the last year's second half, indicating improved revenue traction in broking.
What is Anand Rathi Share & Stock Brokers Ltd share price analysis?
Anand Rathi Share & Stock Brokers Ltd currently shows a neutral. 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?
The transcript does not explicitly mention any specific current or future capital expenditure (capex) or strategic investments.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.