Anand Rathi Wealth on Friday declared an interim dividend of ₹4 per equity share for FY27 and reiterated its long-term growth outlook of 20–25%, even as its September-quarter results showed a decline in profitability.
The company’s board has fixed October 15, 2026, as the revised record date for the dividend.
For Q2 FY27, revenue rose 15.7% year on year to ₹344 crore from ₹297.4 crore. However, the growth in revenue did not translate into higher profits.
Net profit fell 9.5% to ₹89.95 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) declined 15.1% to ₹116.8 crore. The EBITDA margin also narrowed sharply to 34% from 46.2% in the year-ago quarter.
On the business front, the wealth manager saw strong client inflows despite a volatile market environment. Net inflows reached a record ₹4,186 crore during the quarter, up 39% from a year earlier. Equity mutual fund net inflows also hit an all-time high of ₹2,867 crore, growing at the same pace. Revenue from mutual fund distribution increased 18% year on year to ₹145 crore.
This momentum supported growth in assets under management (AUM), which rose 18% year on year to ₹1.08 lakh crore as of September 30. The company noted that this growth came even as the Nifty declined 8% over the same period. Its active client families increased 12% to 14,309, while its relationship manager count rose by 45 over the past year to 431.
Chief Executive Officer Rakesh Rawal and Joint Chief Executive Officer Feroze Azeez attributed the performance to the strength of the company’s wealth-management model and continued client engagement, despite challenging market conditions.
They cited geopolitical tensions, higher US bond yields, a stronger dollar, elevated crude oil prices and sustained foreign portfolio outflows as factors weighing on sentiment. They added that domestic investors continued to show conviction and that market corrections could create opportunities for disciplined, long-term investors.
The management said it remained confident of delivering long-term growth of 20–25%, backed by the scalability of its business model. The company is also looking to expand its digital wealth operations.
In the first half of FY27, its digital wealth subsidiary’s AUM grew 14% year on year to ₹2,531 crore, while the subscriber base of its Omni Financial Advisor platform rose to 6,898 from 6,790 a year earlier. The subsidiary has also recently started operations in London.
Anand Rathi Wealth shares closed at ₹2,045 on the NSE on Friday, down 4.39%.