Operating performance improved during the quarter, with EBITDA rising 30.2% to ₹97.3 crore, resulting in an EBITDA margin of 39.5%, highlighting the company’s ability to sustain profitability despite market volatility.
Lending and wealth businesses drive momentum
Growth was led by the company’s Margin Trading Facility (MTF) business and wealth management platform.
The MTF book expanded 54.6% year-on-year to ₹1,331.8 crore, supported by strong demand for leveraged investment products and increased client participation in equity markets. Meanwhile, assets under management (AUM) grew 25.8% to ₹9,479.1 crore, strengthening the company’s recurring revenue base.
MTF interest income climbed 52.3% to ₹42.8 crore, while distribution income rose 31.1% to ₹27.5 crore, reflecting healthy traction across multiple business verticals.
Management remains upbeat on long-term growth
Chairman and Managing Director Pradeep Gupta said the company delivered a strong performance despite geopolitical uncertainties, market volatility and regulatory changes during the quarter.
“We delivered a strong quarterly performance demonstrating the resilience of our business model. Broking revenue increased 15.35% year-on-year, while non-broking revenue grew 43.20%, reinforcing the strength of our balanced revenue profile,” Gupta said.
He added that the company remains optimistic about the long-term prospects of India’s capital markets, citing a growing investor base and increasing financialisation of household savings.
Whole-time Director Roop Kishor Bhootra said the company’s diversified earnings profile continued to support growth despite a challenging macroeconomic backdrop.
“We commenced FY27 on a strong note despite heightened market volatility. Our earnings continue to be supported by multiple growth drivers, while client loyalty remains one of our key differentiators,” he said.
Bhootra added that 57.4% of the company’s clients have remained associated for more than three years, reflecting strong customer retention. Anand Rathi Shares also expanded its presence to 319 cities during the quarter as it continued investing in technology, client experience and scalable growth initiatives.
