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Anand Rathi Wealth Ltd

Q2 FY26

Anand Rathi Wealth Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹2,160

Market cap₹35.9K Cr

P/E77.5

Updated16 Oct 2026

Read4 min read

The short version

Anand Rathi Wealth Limited targets a sustainable growth rate of 20% to 25% over the next 10-20 years rather than increasing the growth percentage. Anand Rathi Wealth Limited aims for 20-25% growth in revenue and profit over the next 10-20 years, focusing on sustaining this rate rather than increasing it.

From Anand Rathi Wealth Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Anand Rathi Wealth Limited targets a sustainable growth rate of 20% to 25% over the next 10-20 years rather than increasing the growth percentage.
The focus is on increasing the probability and consistency of achieving this growth rather than accelerating the growth rate itself.
They have reached a critical mass in mutual fund AUM (~INR 50,000 crores) which supports easier and more stable growth.
Revenue for September 2030 is planned between INR 236 crores (20% growth) and INR 289 crores (25% growth).
Growth drivers include existing RMs managing more clients, onboarding new RMs, and attracting like-minded clients.
The company aims to maintain a 65% equity mutual fund and 35% structured product portfolio, plugging gaps during market downturns.

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Profitability & Margins

Anand Rathi Wealth Limited aims for 20-25% growth in revenue and profit over the next 10-20 years, focusing on sustaining this rate rather than increasing it.
The company emphasizes increasing the probability of consistent growth rather than upping growth targets, enhancing quality and client retention.
Their median growth rate over the last 16 quarters is around 33%, with recent quarters around 30%, expected to normalize to 20-25% as the base grows.
They plan to grow revenues to INR 236-289 crores by September 2030, reflecting 18-25% CAGR in the medium term.
ROE has been strong at 45.5% annualized for H1 FY '26, with a goal to maintain high returns by investing in technology, HR, and operations.

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Capital Expenditure Plans

Anand Rathi Wealth Limited is investing significantly in technology, including beta testing an app called "Uncomplicated by ARWL" to make technology a core strength.
They are investing in human resources (HR) and operations to improve overall efficiency.
The company is expanding geographically and strategically by applying for licenses in Bahrain and the U.K., and enhancing services for NRIs, including solving tax issues for U.S. NRIs.

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Fundraising & Capital Structure

There is no explicit mention of any current or upcoming fundraising through debt or equity in the provided pages.
The focus is on organic growth, critical mass in assets under management (AUM), and maintaining strong client relationships rather than raising new capital.
On the credit side, the company emphasizes conservative, secured lending with no unsecured loans.
Discussions about scaling structured products and equity mutual funds indicate confidence in growth without referencing external fundraising.

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Order Book & Pipeline

The document "1275117.pdf" does not explicitly mention current or expected orderbook or pending orders for Anand Rathi Wealth Limited. The content primarily discusses: - Product allocation strategies aligned with client objectives. - Growth and yield expectations of structured products. - Asset under management (AUM) growth aspirations. - Revenue and profit growth outlook through FY '26. - Client acquisition and net flows in equity mutual funds and structured products.

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Anand Rathi Wealth Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹277 Cr, net profit ₹102 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Anand Rathi Wea.'s management said in earlier quarters

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Frequently Asked Questions

What were Anand Rathi Wealth Ltd Q2 FY26 results?

Anand Rathi Wealth Limited targets a sustainable growth rate of 20% to 25% over the next 10-20 years rather than increasing the growth percentage. Anand Rathi Wealth Limited aims for 20-25% growth in revenue and profit over the next 10-20 years, focusing on sustaining this rate rather than increasing it.

What is Anand Rathi Wealth Ltd share price analysis?

Anand Rathi Wealth Ltd currently shows a neutral. The stock trades at a P/E of 77.5 with a market cap of ₹35,860 Cr. Investors should review the full earnings analysis for detailed insights.

Is Anand Rathi Wealth Ltd planning capital expenditure?

Anand Rathi Wealth Limited is investing significantly in technology, including beta testing an app called "Uncomplicated by ARWL" to make technology a core strength. - They are investing in human resources (HR) and operations to improve overall efficiency. - The company is expanding geographically and strategically by applying for licenses in Bahrain and the U.K., and enhancing services for NRIs, including solving tax issues for U.S.

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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.