Anand Rathi Announces Q1 FY27 Results: Revenue Grows 22% as Margin Trading Facility Book Expands
Anand Rathi Share and Stock Brokers Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported a strong quarterly performance, driven by robust growth in non-broking revenue and significant expansion of the Margin Trading Facility (MTF) book.The company recorded Revenue from Operations expanding 22% year over year (YoY) to ₹ 2,461 million. EBITDA grew 30% YoY, reaching ₹ 973 million, resulting in an EBITDA margin of 39.5%. Profit After Tax (PAT) before exceptional items increased by 71%, amounting to ₹ 390.6 million, while PAT after exceptional items stood at ₹ 233.5 million.
The Margin Trading Facility book saw substantial growth, rising 54.6% YoY to ₹ 13,318 million, reflecting strong demand for leveraged investment solutions and increased client participation in capital markets. Assets under Management (AUM) also rose 25.8% year on year to ₹ 94,791 million.
Financial Highlights and Operating Metrics
The company’s performance across the quarter compared with previous periods is detailed below:| Particulars (Rs. Mn) | Q1FY27 | Q1FY26 | Y-o-Y | Q4FY26 | Q-o-Q |
|---|---|---|---|---|---|
| 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%) |
Segmental Performance Analysis
The company’s revenue stream is diversified across various segments:| Particulars (Rs.Mn) | Q1FY27 | Q1FY26 | Y-o-Y | Q4FY26 | Q-o-Q |
|---|---|---|---|---|---|
| Broking-Related Services | 1,279.6 | 1,109.3 | 15.4% | 1,201.4 | 6.5% |
| Interest on MTF | 427.7 | 280.9 | 52.3% | 431.7 | (0.9%) |
| Distribution Income | 275.2 | 210.0 | 31.1% | 352.6 | (21.9%) |
| Other Income from Operations | 478.5 | 410.9 | 16.5% | 570.8 | (16.2%) |
Management Perspective and Growth Drivers
Commenting on the results, Mr. Pradeep Gupta, Chairman and Managing Director, stated that despite headwinds from geopolitical uncertainty and market volatility, the company delivered a strong performance demonstrating business model resilience. He noted that broking revenue increased 15.35% year-on-year, while non-broking revenue grew 43.20%, reinforcing a balanced revenue profile.Mr. Gupta also highlighted that the Assets under Management book rose by 25.82% to ₹ 94,791 million, and the Margin Trading Funding book expanded by 54.62% to ₹ 13,318.46 million, reflecting continued client trust. He expressed confidence in the long-term potential of India’s capital markets as the investor base strengthens and financialization of savings increases.
Mr. Roop Kishor Bhootra, Wholetime Director, added that the company commenced FY27 on a strong note despite macroeconomic challenges. He noted that Revenue from Operations increased 22.37% year-on-year to ₹ 2,461.03 million, resulting in a healthy EBITDA margin of 39.54%. The earnings profile is supported by multiple growth drivers, with MTF interest income rising 52.26% to ₹ 427.70 million and distribution income growing 31.07% to ₹ 275.24 million during the quarter.
Furthermore, Mr. Bhootra shared that client loyalty remains a key differentiator, with 57.4% of clients associated with the firm for more than three years. The company also expanded its footprint to 319 cities as of quarter-end.
ARSSBL Stock Price Movement
On Tuesday, Anand Rathi Share and Stock Brokers Limited shares edged higher, concluding trading at ₹581.25 after gaining 1.06%. The equity saw robust activity during the session, with a total traded volume recorded at 837,681 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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