Anand Rathi shares soar over 9% as Q4 net profit rockets 126%. Check details

Shares of Anand Rathi Share and Stock Brokers rallied as much as 9.5% to their day's high of Rs 628 on the BSE on Wednesday after reporting a sharp rise in earnings for the March quarter, with consolidated net profit surging 126% year-on-year to Rs 41.5 crore, aided by strong growth in non-broking segments and improved margins.

Revenue from operations for the quarter came in at Rs 256 crore, up 28% from the same period last year, according to the company’s earnings release. Operating performance was strong, with EBITDA rising 51% YoY to Rs 110 crore. EBITDA margin improved to 43.2% from 36.5% a year earlier.

For the full year FY26, the company posted revenue of Rs 932 crore, marking a 10% increase over the previous year. EBITDA grew 22% to Rs 380 crore, while net profit rose 25% to Rs 129 crore. Margins also improved, with EBITDA margin at 40.7% and PAT margin at 13.8%.


Growth during the quarter was led by non-core businesses. Interest income from the margin trading facility increased more than 50% YoY in Q4, while distribution income rose 34%. Other operating income also recorded healthy gains, reflecting a broader revenue base beyond core broking.

Broking revenues, however, declined 7% during the year due to volatile market conditions and weaker investor sentiment. The company offset this through expansion in higher-margin segments, which supported overall profitability.

Operational metrics remained steady. Assets under management rose 21% YoY to Rs 7,788 crore, while the margin trading facility book grew 61% to Rs 1,102 crore, indicating higher client participation. The active client base saw a slight decline of 3.9% YoY to 212,841.

The board has proposed a dividend of Rs 5 per share for FY26.

Management said FY26 was impacted by geopolitical uncertainties, shifts in global trade and foreign institutional outflows, which affected broking activity. However, it remains focused on strengthening client relationships and leveraging its diversified model to manage market volatility.

Going forward, the company expects continued traction in non-broking segments, supported by rising demand for margin funding and distribution services. It also highlighted its presence across more than 300 cities as a key factor for long-term growth.

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