Anand Rathi Share & Stock Brokers Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹248Cr
- +21.6% YoY
- +9.3% QoQ
- Net profit
- ₹38Cr
- +81% YoY
- +31% QoQ
- Margin
- 41%
- +3 pp YoY
- 0 pp QoQ
Top 10 Capital Markets companies on management guidance
See the sector's top 10 — free with your mobile number.
Anand Rathi Share & Stock Brokers Ltd Q3 FY26 key numbers
- Revenue
- Continued growth in Assets Under Management (AUM), targeting around ₹9,500-10,000 crore in distribution book by end of FY'27.
As stated in Anand Rathi Share & Stock Brokers Ltd's Q3 FY26 earnings call transcript · published 16 Aug 2026. Reported figures, not investment advice.
The short version
Continued growth in Assets Under Management (AUM), targeting around ₹9,500-10,000 crore in distribution book by end of FY'27. Anand Rathi aims to grow both broking and non-broking segments to stabilize revenue and mitigate market volatility impact.
From Anand Rathi Share & Stock Brokers Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Continued growth in Assets Under Management (AUM), targeting around ₹9,500-10,000 crore in distribution book by end of FY'27.
- Margin Trading Facility (MTF) book expected to grow, aiming for about ₹1,500 crore; currently at ₹1,232 crore as of Dec '25.
- Increasing active client base, with 4.9% QoQ and 6.5% YoY growth in Q3 FY'26; focus on Tier 2 and Tier 3 cities expected to drive client additions.
- Expansion of branch network, with 5 new branches added recently primarily in Tier 2, Tier 3 cities, indicating further geographic growth.
- Distribution income expected to rise as new insurance business scales up and recent AUM additions start generating revenue in next 2-3 quarters.
2 more points from Anand Rathi Share & Stock Brokers Ltd's call on revenue
Create a free account to keep reading this call
Profitability & Margins
Anand Rathi aims to grow both broking and non-broking segments to stabilize revenue and mitigate market…
Locked: what Anand Rathi Share & Stock Brokers Ltd said on margins
Also locked on this page: fundraising, order book
Free account, 30 seconds. No card needed.
Capital Expenditure Plans
- Anand Rathi is consistently investing about 1.5%-2% of revenue towards technology upgrades.
- They are continuously upgrading digital platforms and plan to integrate their two existing platforms into a single delivery platform.
- AI tools are being incorporated to enhance customer interaction, dealer and RM productivity, and overall processes.
2 more points from Anand Rathi Share & Stock Brokers Ltd's call on capex
Create a free account to keep reading this call
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
The company recently completed an IPO, which brought in substantial funds to the business.
Locked: what Anand Rathi Share & Stock Brokers Ltd said on fundraising
Also locked on this page: margins, order book
Free account, 30 seconds. No card needed.
Order Book & Pipeline
See what Anand Rathi Share & Stock Brokers Ltd said on order book & pipeline — free account, 30 seconds.
Anand Rathi Share & Stock Brokers Ltd — Quarterly revenue & net profit
Anand Rathi Share & Stock Brokers Ltd Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 248 | 204 | +21.6% | 227 | +9.3% |
| Operating profit (EBITDA) | 102 | 77 | +32.5% | 93 | +9.7% |
| Operating margin | 41% | 38% | +3 pp | 41% | 0 pp |
| Profit before tax | 51 | 28 | +82.1% | 38 | +34.2% |
| Net profit (PAT) | 38 | 21 | +81% | 29 | +31% |
| EPS (₹) | 6.04 | 4.80 | +25.8% | 4.56 | +32.5% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹273 Cr, net profit ₹42 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Anand Rathi Shar's management said in earlier quarters
Others in Capital Markets this season
- Emkay Global Financial Services (Q3 FY26)
Q3 FY26 Income from Operations: INR 871 Mn, up 13% YoY from INR 773 Mn in Q3 FY25 (Page 33) . Key investor presentation takeaways from Emkay Global Financial Se
- Systematix Corporate Services (Q3 FY26)
Revenue from operations (consolidated) for Q3 FY26: ₹33.60 crore . Key investor presentation takeaways from Systematix Corporate Services Ltd's Q3 FY26 investor
- CARE Ratings (Q3 FY26)
90.24 Crs, up 15% YoY (Page 12, 2) . Key concall takeaways from CARE Ratings Ltd's Q3 FY26 earnings call — and how it ranks against sector peers.
- ICRA (Q3 FY26)
Q3 FY2026 revenue: ₹163.6 crore, up from ₹120.9 crore in Q3 FY2025 — a 35.3% year-on-year (YoY) increase (Page 7). Key concall takeaways from ICRA Ltd's Q3…
Potential multibaggers · Q2 FY27
Potential multibaggers in Capital Markets
on management's own guidance
- Motilal Oswal Financial ServicesGood growth2
- BSEGood growth1
- Anand Rathi WealthGood growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
Anand Rathi Share & Stock Brokers Ltd and 15K+ more earnings calls,
for less than your morning chai
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Anand Rathi Share & Stock Brokers Ltd Q3 FY26 results?
Continued growth in Assets Under Management (AUM), targeting around ₹9,500-10,000 crore in distribution book by end of FY'27. Anand Rathi aims to grow both broking and non-broking segments to stabilize revenue and mitigate market volatility impact.
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?
Anand Rathi is consistently investing about 1.5%-2% of revenue towards technology upgrades.
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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.