Board Meeting Details

The meeting was held on October 13, 2026, commencing at 3:15 PM and concluding at 4:10 PM.

Financial Results Overview

Standalone Performance (Q2 FY27):

  • Revenue from Operations: ₹2,727.37 million
  • Interest Income: ₹1,058.54 million
  • Fees and Commission Income: ₹1,668.56 million
  • Net gain on fair value changes: ₹0.27 million
  • Other Income: ₹2.46 million
  • Total Income: ₹2,729.83 million
  • Total Expenses: ₹2,164.69 million
  • Finance Costs: ₹378.65 million
  • Fees and commission expense: ₹281.99 million
  • Employee Benefits Expenses: ₹924.55 million
  • Depreciation & Amortization: ₹60.05 million
  • Other Expenses: ₹517.58 million
  • Profit before exceptional item and tax: ₹565.14 million
  • Exceptional item (recognized in Q1): ₹209.96 million
  • Profit before tax: ₹565.14 million
  • Tax Expense: ₹142.14 million
  • Current tax: ₹141.03 million
  • Deferred Tax: ₹1.11 million
  • Profit for the period: ₹423.00 million
  • Total Comprehensive Income: ₹408.94 million
  • Basic EPS: ₹6.71
  • Diluted EPS: ₹6.58

Half Year Performance (H1 FY27):

  • Total Income: ₹5,191.15 million
  • Profit before exceptional item and tax: ₹1,090.41 million
  • Profit for the period: ₹658.06 million
  • Basic EPS: ₹10.44
  • Diluted EPS: ₹10.24

Consolidated Performance

Q2 FY27 Consolidated:

  • Total Income: ₹2,734.60 million
  • Profit before tax: ₹561.53 million
  • Profit for the period: ₹419.39 million
  • Basic EPS: ₹6.65
  • Diluted EPS: ₹6.52

H1 FY27 Consolidated:

  • Profit for the period: ₹652.90 million
  • Basic EPS: ₹10.36
  • Diluted EPS: ₹10.16

Exceptional Item Details

The Company recognized an exceptional expense of ₹209.96 million during Q1 FY27 (quarter ended June 30, 2026) for compensation towards losses suffered by two clients of its Depository Participant business due to fraudulent off-market transfers from their demat accounts. This amount includes previously disclosed contingent liability from Q4 FY26 and additional fraud impact identified in Q1 FY27.

The Company has reported the incident to relevant authorities including Depositories, Stock Exchanges, and lodged an FIR with Economic Offences Wing (EOW). The EOW has traced money trails and attached certain assets and bank accounts of beneficiaries. Insurance claims have been filed to recover eligible losses.

Credit Rating Updates

  • Short-term rating upgraded to A1+ from CARE on April 08, 2026
  • Assigned short-term rating A1+ and long-term rating A+ by ICRA Ratings on April 30, 2026

Commercial Paper Information (Annexure A)

Key ratios for half year ended September 30, 2026:

  • Debt-Equity Ratio: 1.01 (Standalone), 1.02 (Consolidated)
  • Debt Service Coverage Ratio: 2.13 (Standalone), 2.13 (Consolidated)
  • Interest Service Coverage Ratio: 2.43 (Standalone), 2.42 (Consolidated)
  • Net Worth: ₹13,882.01 million (Standalone), ₹13,830.34 million (Consolidated)
  • Current Ratio: 1.48 (Standalone), 1.48 (Consolidated)
  • Operating Profit Margin: 21.03% (Standalone), 20.90% (Consolidated)
  • Net Profit Margin: 15.72% (Standalone), 15.60% (Consolidated)

Subsidiary Information

The consolidated results include Anand Rathi International (IFSC) Ventures Private Limited (wholly owned subsidiary) which reported:

  • Q2 FY27 Revenue: ₹4.75 million, Net Loss: ₹3.63 million
  • H1 FY27 Revenue: ₹8.96 million, Net Loss: ₹5.18 million

Additional Information

  • The financial results have been reviewed by the statutory auditors R Kabra & Co. LLP
  • Results prepared in accordance with Ind AS 34
  • Company operates in single business segment: "Broking and related services"
  • Results will be published in newspapers as per Regulation 47(1) and 52(8)
  • All information available on company website and stock exchange websites