Earnings call · Jul–Sep 2026
Anand Rathi Share and Stock Brokers Limited
Jul–Sep 2026 saw revenue grow 20% to ₹273 crore & PAT (profit after tax: the final profit) surge 50% from a year earlier to ₹41.9 crore. Management targets MTF (margin trading facility: lending clients money to buy more shares than their cash allows) book of ₹1,750–1,800 crore & 40% AUM (assets under management: the total loans or funds a company looks after) growth by year-end, while focusing on non-broking businesses to reduce market volatility exposure.
The full notes: the guidance, numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Pradeep GuptaChairman and Managing Director
- Roop Kishor Bhootra
- Roop Bhootra
Questions came from
- Saket KapoorKapoor & Company
- Rajesh MantriFortune X
- JuhiArihant Capital
- Diwakar PingleEY
- Avnish TiwariVaikarya
- Pravina M. DaliMotilal Oswal Financial Services
Hosted by Diwakar Pingle of E&Y
Topics in this call
Opening remarks
Pradeep GuptaChairman and Managing Director
Thank you, Diwakar. Good evening to all, and a warm welcome to our Q2 and H1 Financial Year '27 Earnings Call. We all experienced uncertain environment of a capital market due to geopolitical tension, rising interest rates, persistent inflationary pressure and impact of El Nino across various global economies.
As a result of this, market sentiment in our country has remained relatively subdued. Before discussing our performance for the period, the secondary market -- sorry, the secondary market continued to exhibit some turbulence during the reporting period. The Nifty 50 declined by 5.22% on a quarterly basis and 1.3% on a half yearly basis, including a 6% correction in September.
Read the whole call: 117 paragraphs, 6 analysts' questions with every answer, 7 marked passages.
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The transcript as the company filed it on BSE. Our own rules split it into speakers & sections; an unusual layout can trip them, so check the original PDF for anything important. Not a recommendation.