Anand Rathi Share & Stock Brokers Ltd
Anand Rathi Share & Stock Brokers Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
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.
- Stable revenue mix aiming for around 50% broking and 50% non-broking to reduce volatility impact and ensure steady revenue growth.
- Technological investments (1.5%-2% of revenue) ongoing to support user base growth and trading volumes amid evolving market demands.
Profitability & Margins
See what Anand Rathi Share & Stock Brokers Ltd said on profitability & margins — free account, 30 seconds.
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.
- Focus on improving technology for both broking and distribution digital platforms.
- No specific large-capex figure disclosed, but ongoing incremental investment is emphasized.
- Investment in technology supports handling 1 lakh+ daily active users amid T+0 settlement.
- No mention of any major strategic capital investments beyond technology upgradation and AI integration at this time.
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
See what Anand Rathi Share & Stock Brokers Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Anand Rathi Share & Stock Brokers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹255 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 Share & Stock Brokers Ltd's management said in earlier quarters
Others in Capital Markets this season
- Angel One Ltd (Q3 FY26)
Commodity segment recorded highest ever orders and Average Daily Turnover (ADTO) at 35 million orders and ₹1.7 trillion respectively in Q3 FY '26. Key concall…
- ICICI Prudential Asset Management Co Ltd (Q3 FY26)
Systematic transactions (SIP plus STP) outstanding as of December 31, 2025, stand at approximately INR 5,037 crores monthly. Key concall takeaways from ICICI…
- HDFC Asset Management Company Ltd (Q3 FY26)
Profit after tax showed a 20% YoY growth in the latest quarter, indicating robust earnings growth momentum. Key concall takeaways from HDFC AMC's Q3 FY26…
- Prudent Corporate Advisory Services Ltd (Q3 FY26)
Market share in SIP has improved by 20 basis points from 3.3% to 3.5% over the past year, indicating positive momentum. Key concall takeaways from Prudent…
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.