Anand Rathi Share and Stock Brokers Limited has informed the Exchange about Transcript
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Anand Rathi Share and Stock Brokers reported strong Q4 FY26 results with revenue of ₹2,557 million (up 28.1% YoY), EBITDA of ₹1,103 million (up 51.4% YoY), and PAT of ₹416 million (up 125.7% YoY). For the full year FY26, revenue stood at ₹9,322 million with EBITDA margin of 41% and PAT margin of 14%. The company achieved a balanced 51:49 revenue mix between broking and non-broking segments, with distribution income growing 44.1% YoY to ₹1,129 million. The MTF book grew 61% YoY to ₹11,019 million but declined 10.5% in Q4 due to RBI policy changes affecting funding. The company maintains zero NPA on MTF and improved its debt-equity ratio from 1.8 to 0.62 post-IPO. The company proposes a dividend of ₹5 per share.
The strong margin expansion and improving revenue diversification toward distribution income signals improving business quality. Management's explicit guidance of 15-20% overall revenue growth and 40-45% distribution growth provides clear visibility. The IPO proceeds and improved capital structure give the company flexibility to scale the MTF business despite near-term funding headwinds.