Anand Rathi Share And Stock Brokers544530Quarterly results

Q2 FY27 results: Revenue grows 20% YoY, PAT rises 50% YoY, MTF Book up 38.2% YoY

Anand Rathi reported unaudited consolidated Q2 FY27 results: Revenue from Operations up 20% YoY to ₹2,732 million, PAT up 50.3% YoY to ₹419 million, EBITDA ₹999 million with a 37% margin.

By ScoutQuest · Tue 13 Oct 2026, 5:02 PM IST · 2 min read

Revenue from Operations: up 20% YoY to ₹2,732 million
PAT: up 50.3% YoY to ₹419 million
EBITDA: ₹999 million with a 37% margin

What the company reported

The company issued a press release along with its unaudited consolidated financial results for the quarter ended September 30, 2026 (Q2 FY27). The release covers growth across business segments and includes comments from the Chairman and Managing Director and a Wholetime Director.

Q2 FY27 headline numbers

Revenue from Operations grew 20% YoY to ₹2,732 million.
EBITDA stood at ₹999 million with an EBITDA margin of 37%.
PAT was ₹419 million, with a PAT margin of 15%.
PAT grew 50.3% YoY in Q2FY27 after exceptional items.
Non-broking revenues increased 21% YoY.

The company said growth was largely driven by non-broking revenues, with Interest on MTF growing 36% YoY to ₹496 million and Income from Distribution at ₹327 million.

First half (H1FY27)

Revenue from Operations rose 21% YoY to ₹5,193 million.
EBITDA was ₹1,972 million, with an EBITDA margin of 38%.
PAT stood at ₹810 million before an exceptional item, with a PAT margin of 16%.
PAT after exceptional items was ₹653 million, up 28.7% YoY; PAT before exceptional items grew 59.7% YoY to ₹810 million.

Business metrics

Assets Under Custody (AUC): ₹11,54,190 million, up 13.2% YoY.
Assets Under Management (AUM): ₹99,990 million, up 29.2% YoY.
Margin Trading Facility (MTF) Book: ₹14,993 million, up 38.2% YoY.

What management said

Mr. Pradeep Gupta, Chairman and Managing Director, said the quarter was characterised by heightened market volatility arising from geopolitical issues and regulatory changes, and that investor participation remained resilient, supported by sustained domestic inflows and continued growth in mutual fund assets. He said revenue from broking and related services increased 34.0% YoY during the quarter, and that revenue from operations grew 20.3% YoY to ₹2,732 million in Q2FY27 and 21.2% YoY to ₹5,193 million in H1FY27.

Mr. Roop Kishor Bhootra, Wholetime Director, said trail-based revenues now cover 76% of employee costs, and that 55% of clients have been associated with the company for more than three years. MTF interest income increased 36.3% YoY to ₹496 million, while distribution income was ₹327 million during the quarter.

How to read this

The release describes year-on-year growth in revenue, profit and client assets, with the non-broking segments contributing to the revenue mix. The results are unaudited and consolidated, and the figures are stated in millions. The company also stated it continues to invest in technology to improve customer experience and serves clients through its physical network.

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