Financial Performance Summary

Anand Rathi Share and Stock Brokers Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27).

Key Financial Metrics (Consolidated, Rs. Million):

| Metric | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |

| Revenue from Operations | 2,461.0 | 2,011.1 | +22.4% | 2,556.5 | -3.7% |

| EBITDA | 973.0 | 747.4 | +30.2% | 1,103.3 | -11.8% |

| EBITDA Margin | 39.5% | 37.2% | +237 bps | 43.2% | -362 bps |

| PAT (before exceptional item) | 390.6 | 228.1 | +71.2% | 415.5 | -6.0% |

| PAT Margin (before exceptional item) | 15.8% | 11.3% | +453 bps | 16.2% | -39 bps |

| PAT (after exceptional item) | 233.5 | 228.1 | +2.4% | 415.5 | -43.8% |

| PAT Margin (after exceptional item) | 9.5% | 11.3% | -184 bps | 16.2% | -676 bps |

Operational Highlights

Margin Trading Facility (MTF): The MTF book grew 54.6% YoY to ₹13,318 million as of June 30, 2026, driven by strong demand for leveraged investment solutions and increased client participation in capital markets.

Assets Under Management (AUM): AUM increased 25.8% YoY to ₹94,791 million as of June 30, 2026, enhancing the company's recurring revenue potential.

Segmental Performance

Broking-Related Services: Revenue of ₹1,279.6 million in Q1 FY27, representing 15.4% YoY growth from ₹1,109.3 million in Q1 FY26. Sequentially, this showed growth from ₹1,201.4 million in Q4 FY26.

Interest on MTF: Revenue of ₹427.7 million in Q1 FY27, representing 52.3% YoY growth from ₹280.9 million in Q1 FY26. Sequentially, this showed a slight decrease from ₹431.7 million in Q4 FY26.

Management Commentary

Mr. Pradeep Gupta, Chairman and Managing Director: Noted that Indian equity markets navigated a challenging quarter marked by geopolitical uncertainty, market volatility and regulatory recalibration. Highlighted that broking revenue increased 15.35% year-on-year, while non-broking revenue grew 43.20%. Emphasized the company's continued investment in technology, client experience enhancement, and product capability deepening to deliver sustainable growth.

Mr. Roop Kishor Bhootra, Wholetime Director: Added that the company commenced FY27 strongly despite challenging macroeconomic backdrop and heightened market volatility. Specifically noted that MTF interest income increased 52.26% to ₹427.70 million and distribution income grew 31.07% to ₹275.24 million during the quarter. Shared that 57.4% of clients have been associated with the company for more than three years, and the company's footprint expanded to 319 cities as of quarter-end.

Company Background

Anand Rathi Share and Stock Brokers Limited, incorporated in 1991, is a full-service brokerage firm operating under the brand 'Anand Rathi'. The company offers services including stock broking, margin trading facility, and distribution of financial products to retail, HNI, UHNI, NRI, and institutional clients.

Additional Information

The press release was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and represents a revised version dated July 14, 2026. Financial figures have been rounded off to the nearest ₹1 million.

Contact Information:

  • Mr. Ronak Damania, Vice President - Finance & Accounts: ronakdamania@rathi.com, +91 98692 20861
  • Ernst & Young LLP contacts: Cyril Paul (cyril.paul@in.ey.com, +91 9920676610) and Saloni Soni (saloni.soni2@in.ey.com, +91 9583274018)