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Anand Rathi Wealth Ltd

Q3 FY26

Anand Rathi Wealth Q3 FY26 earnings call: Revenue & Margins

Q3 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

Read5 min read

The short version

The company plans for 4-5 year horizons, aligned with their structured products' 5-year periods and rollover options, providing high-probability revenue growth visibility. - Management reiterates guidance of 20% to 25% growth in revenue/profits, as given by Mr. The company targets 20% to 25% growth in profits and earnings for the upcoming years, as reiterated by Mr.

From Anand Rathi Wealth Ltd's Q3 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

The company plans for 4-5 year horizons, aligned with their structured products' 5-year periods and rollover options, providing high-probability revenue growth visibility.
Management reiterates guidance of 20% to 25% growth in revenue/profits, as given by Mr. Rakesh Rawal.
Quarterly and 9-month performance shows 21%-25% year-on-year revenue growth, with steady increases in profit after tax (~29%-30% YoY).
Operating leverage is expected to improve gradually, aiding cost efficiency and sustained growth.
Relationship Managers (RMs) expansion and efficiency improvements support future growth, with potential addition of 40-50 RMs annually.

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Profitability & Margins

The company targets 20% to 25% growth in profits and earnings for the upcoming years, as reiterated by Mr. Feroze Azeez citing Mr. Rawal's guidance.
They plan for 4-5 year horizons due to structured products' 5-year periods and rollover options, making 2030 targets more solid.
Operating leverage is expected to improve gradually, with employee costs as a percentage of revenue declining from 45% to 42%, indicating better efficiency.
Growth is supported by an existing base of 393 Relationship Managers (RMs), with no immediate need to increase RMs for the next 3-4 years.

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Capital Expenditure Plans

The company emphasizes efficient, brick-by-brick building with a strong pipeline for growth.
No immediate need to add more Relationship Managers (RMs) for the next 3-4 years, as current RMs (393 as of Q3FY26) can sustain growth.
Plans for moderate RM addition (~40-50 annually), mainly through promoting internal secondary associates.
Operating leverage gains will be reinvested to strengthen various departments for long-term growth.
No explicit mention of large-scale capex or strategic investments in the near term.

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Fundraising & Capital Structure

No intention to provide financial support or guarantees for debt of Anand Rathi Global Finance, which is an NBFC with an 8% stake held by Anand Rathi Wealth Limited.
No plans to increase stake in Anand Rathi Global Finance.
No explicit mention of new fundraising through debt or equity in the provided transcript.
Guidance remains conservative on growth targets; no upward revision implying no immediate need for capital raise.

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Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for Anand Rathi Wealth Limited. However, some relevant points related to business pipeline and growth outlook include: - Strong pipeline for growth is in place though not visible directly. - Current Relationship Managers (393 RMs) are considered sufficient for growth over the next 3-4 years.

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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 Q3 FY26 results?

The company plans for 4-5 year horizons, aligned with their structured products' 5-year periods and rollover options, providing high-probability revenue growth visibility. - Management reiterates guidance of 20% to 25% growth in revenue/profits, as given by Mr. The company targets 20% to 25% growth in profits and earnings for the upcoming years, as reiterated by Mr.

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?

The company emphasizes efficient, brick-by-brick building with a strong pipeline for growth. - No immediate need to add more Relationship Managers (RMs) for the next 3-4 years, as current RMs (393 as of Q3FY26) can sustain growth. - Plans for moderate RM addition (~40-50 annually), mainly through promoting internal secondary associates. - Operating leverage gains will be reinvested to strengthen various departments for long-term growth. - No explicit mention of large-scale capex or strategic investments in the near term. - Focus is on internal capacity building, technology platform updates, and product distribution expansion. - The company is launching "Chethan's Peace of Mind scheme," a new HR initiative rather than a capital investment.

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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.