Anand Rathi Share And Stock Brokers544530Earnings call transcript
Q2 FY27 call: revenue up 20%, PAT up 50%, MTF book at 57% of full-year target
Q2 and H1 FY27 earnings call transcript shared.
By ScoutQuest · · 2 min read
5,193 million
Q2 FY272,732 millionH1 FY275,193 million
- Q2 FY27 Revenue from Operations
- 2,732 million in Q2 FY27, up 20% YoY
- Q2 FY27 PAT
- 419 million, up 50% YoY, margin 15%
- MTF Book
- INR14,993 million as of 30 September 2026, about 57% of the year's target
Quarter and half-year numbers
- Revenue from operations rose 20% year-on-year to 2,732 million in Q2 FY27; first half revenue grew 21% to 5,193 million
- PAT for Q2 FY27 grew 50% year-on-year to 419 million, a margin of 15%
- First half PAT before exceptional items rose 60% year-on-year to 810 million; PAT after exceptional items was 653 million, up 29%
- Broking and related services revenue rose 34% to 1,551 million in Q2 FY27 from 1,158 million in Q2 FY26; first half was 2,831 million against 2,267 million, up 25%
- Equity cash accounted for 52% of broking revenue in the quarter and half year
Financing and distribution
- Interest income from the margin trading facility rose 36% year-on-year to INR496 million in Q2 FY27; first half INR924 million, up 43%
- Distribution income was INR327 million in Q2 FY27 and INR603 million in the first half
- Distribution AUM stood at INR99,990 million, up 29% year-on-year
- MTF book was INR14,993 million as of 30 September 2026, which management said is almost 57% of the year's target
Guidance given by management
- Margin trading book targeted at approximately INR1,750 crores to INR1,800 crores by FY27
- About 40% growth in distribution AUM by the end of the current financial year
- Continued focus on scaling the financing and distribution business, deeper engagement with existing clients and a larger share of recurring revenue streams
Digital and market backdrop
- The digital platform contributed 36% of brokerage income in the first half of FY27
- Management noted the Nifty 50 declined 5.22% on a quarterly basis and 1.3% on a half-yearly basis, including a 6% correction in September
- The call cited industry data including 108 companies raising over INR90,000 crores through IPOs in the quarter and mutual fund quarterly average AUM of INR87 lakh crores in Q2 FY27
Points a reader may want to weigh
- Management described the operating environment as uncertain, citing geopolitical tension, rising interest rates and inflation
- The MTF book and distribution AUM targets are management's stated goals for the year, and the call itself carried a disclaimer that such statements are forward-looking
Also from Anand Rathi Share And Stock Brokers
Anand Rathi Q2 FY27 earnings conference call audio recording (held Oct 14, 2026) uploaded
14 Oct 2026
Anand Rathi Share and Stock Brokers Q2 FY27 revenue up 20.3% to ₹2,732.1 Mn, PAT up 50.3%
13 Oct 2026
Q2 FY27 results: Revenue grows 20% YoY, PAT rises 50% YoY, MTF Book up 38.2% YoY
13 Oct 2026
More numbers
- Q2 FY27 revenue from operations2,732 million
- Q2 FY27 profit after tax (PAT)419 million
- H1 FY27 revenue from operations5,193 million
- H1 FY27 PAT after exceptional items653 million
- Q2 FY27 broking and related services revenue1,551 million
- MTF book as of 30 September 2026INR14,993 million
- Distribution AUMINR99,990 million
- FY27 MTF book target (lower end)INR1,750 crores
Source: BSE · 21 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.