- Home
- Results news
- Anand Rathi Wealth
- Q2 FY27 results
Anand Rathi Wealth Q2 FY27 results: net profit down 10.7% to ₹89.26 crore, revenue up 15.7%
Anand Rathi Wealth Ltd reported Q2 FY27 consolidated revenue of ₹343.99 crore, up 15.7% from Q2 FY26, while net profit fell 10.7% to ₹89.26 crore and basic EPS declined to ₹5.38. For H1 FY27, revenue rose 16.6% to ₹665.97 crore and net profit increased 30.2% to ₹252.27 crore; the company also declared an interim dividend of ₹4 per equity share.
Key points
- Q2 FY27 consolidated revenue was ₹343.99 crore, up 15.7% from ₹297.37 crore in Q2 FY26.
- Q2 FY27 EBITDA was ₹116.85 crore, down 15.0%, while the margin fell 12.2 percentage points to 34.0%.
- Q2 FY27 net profit was ₹89.26 crore, down 10.7% from ₹99.90 crore, and basic EPS fell 55.3% to ₹5.38.
- H1 FY27 revenue was ₹665.97 crore, up 16.6%, and net profit was ₹252.27 crore, up 30.2%.
- The board declared an interim dividend of ₹4.00 per equity share, equal to 80% of the ₹5 face value.
How did Anand Rathi Wealth perform in Q2 FY27?
Anand Rathi Wealth’s consolidated revenue for Q2 FY27, the July–September 2026 quarter, was ₹343.99 crore, up 15.7% from ₹297.37 crore in Q2 FY26. Other income increased to ₹12.61 crore from ₹9.81 crore, taking total income to ₹356.60 crore from ₹307.18 crore. EBITDA was ₹116.85 crore, down 15.0% from ₹137.47 crore, and the EBITDA margin fell 12.2 percentage points to 34.0%.
Profit before tax declined 12.8% to ₹116.93 crore from ₹134.15 crore. Tax was ₹27.68 crore, down 19.2% from ₹34.25 crore, while net profit fell 10.7% to ₹89.26 crore from ₹99.90 crore. Basic EPS declined 55.3% to ₹5.38 from ₹12.03. On a standalone basis, revenue was ₹333.55 crore and net profit was ₹88.29 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 343.99 | 321.99 | 297.37 | +15.7% | +6.8% |
| Other income | 12.61 | 110.28 | 9.81 | +28.5% | −88.6% |
| Total expenses | 239.66 | 226.06 | 173.03 | +38.5% | +6.0% |
| EBITDA | 116.85 | 108.65 | 137.47 | −15.0% | +7.5% |
| EBITDA margin | 34.0% | 33.7% | 46.2% | −12.2 pp | +0.3 pp |
| Profit before tax | 116.93 | 206.20 | 134.15 | −12.8% | −43.3% |
| Tax | 27.68 | 43.19 | 34.25 | −19.2% | −35.9% |
| Net profit | 89.26 | 163.01 | 99.90 | −10.7% | −45.2% |
| EPS (₹) | 5.38 | 9.82 | 12.03 | −55.3% | −45.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Anand Rathi Wealth's costs and profit?
Total expenses rose 38.5% to ₹239.66 crore from ₹173.03 crore in Q2 FY26. Employee cost increased by ₹62.64 crore, or 50.1%, to ₹187.56 crore, while other expenses rose by ₹4.61 crore, or 13.2%, to ₹39.58 crore. Depreciation increased by ₹1.03 crore to ₹9.33 crore, while finance costs fell by ₹1.63 crore to ₹3.20 crore.
Other income rose by ₹2.80 crore to ₹12.61 crore from ₹9.81 crore, while tax fell by ₹6.57 crore to ₹27.68 crore. There was no exceptional item. Against Q1 FY27, total expenses were higher by ₹13.60 crore, employee cost was higher by ₹11.39 crore and other income was lower by ₹97.67 crore. The filings did not state why these cost changes occurred.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 187.56 | 124.92 | +62.64 | +50.1% |
| Finance costs | 3.20 | 4.83 | −1.63 | −33.7% |
| Depreciation | 9.33 | 8.30 | +1.03 | +12.4% |
| Other expenses | 39.58 | 34.97 | +4.61 | +13.2% |
| Total expenses | 239.66 | 173.03 | +66.63 | +38.5% |
| Other income | 12.61 | 9.81 | +2.80 | +28.5% |
| Tax | 27.68 | 34.25 | −6.57 | −19.2% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹665.97 crore, up 16.6% from ₹571.38 crore in H1 FY26. Total income increased 33.4% to ₹788.86 crore from ₹591.44 crore, while profit before tax rose 24.0% to ₹323.13 crore from ₹260.50 crore.
H1 FY27 net profit was ₹252.27 crore, up 30.2% from ₹193.81 crore, while basic EPS was ₹15.19, down 34.9% from ₹23.34. The company’s adjusted investor-presentation figures excluded fair-value gains on investments, ESOP expenses and related tax effects; on that basis, management reported revenue of ₹693 crore and PAT of ₹238 crore.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 665.97 | 571.38 | +16.6% |
| Profit before tax | 323.13 | 260.50 | +24.0% |
| Net profit | 252.27 | 193.81 | +30.2% |
| EPS (₹) | 15.19 | 23.34 | −34.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹1,601.60 crore as of 30 September 2026 from ₹1,328.77 crore as of 31 March 2026. Total equity rose to ₹1,297.63 crore from ₹1,011.86 crore, cash increased to ₹294.01 crore from ₹240.94 crore and trade receivables increased to ₹47.50 crore from ₹42.76 crore. Borrowings fell to ₹15.43 crore from ₹17.02 crore, while trade payables were ₹0.03 crore against ₹0.14 crore.
For H1 FY27, operating cash flow was ₹107.05 crore, compared with ₹114.37 crore in H1 FY26. Investing cash flow was ₹20.61 crore against ₹8.92 crore, financing cash flow was negative ₹74.59 crore against negative ₹75.16 crore, and capital expenditure was ₹5.66 crore against ₹6.99 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,602 | 1,329 |
| Total equity | 1,298 | 1,012 |
| Borrowings | 15.43 | 17.02 |
| Cash and equivalents | 294.01 | 240.94 |
| Inventories | 0 | 0 |
| Trade receivables | 47.50 | 42.76 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 107.05 | 114.37 |
| Cash from investing | 20.61 | 8.92 |
| Cash from financing | −74.59 | −75.16 |
| Capital expenditure | 5.66 | 6.99 |
Source: Company's results filing (XBRL).
How has Anand Rathi Wealth done over the last 8 quarters?
Revenue rose year-on-year in each of the last eight quarters and reached ₹343.99 crore in Q2 FY27, the highest level in the reported trend. It had bottomed at ₹221.96 crore in Q4 FY25 and rose through the subsequent quarters, including ₹321.99 crore in Q1 FY27.
Net profit peaked at ₹163.01 crore in Q1 FY27 before falling to ₹89.26 crore in Q2 FY27; its lowest level in the trend was ₹73.74 crore in Q4 FY25. The EBITDA margin bottomed at 29.5% in Q4 FY26, recovered to 33.7% in Q1 FY27 and edged up to 34.0% in Q2 FY27, remaining below the 46.2% recorded in Q2 FY26.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the auditors’ limited-review reports. It declared an interim dividend of ₹4.00 per equity share, representing 80% of the ₹5 face value, for FY27.
The company also submitted an integrated financial filing and an investor presentation for Q2 and H1 FY27. The dividend record date was 15 October 2026, and the company said payment or dispatch would occur within 30 days of declaration. The filings did not report a fund raise or any appointment.
What did Anand Rathi Wealth's management say?
Management reported net flows of ₹4,186 crore and equity mutual fund net flows of ₹2,867 crore for Q2 FY27, both up 39% year-on-year. It said an ESOP and non-cash charge of ₹46 crore in Q2 FY27 would reduce significantly going forward. Joint CEO Feroze Azeez said: “Focus is underrated, opportunities are overrated, is our belief, right? Opportunity is there, but that comes at a cost of focus.”
How did Anand Rathi Wealth shares react?
After the filing appeared after market hours, the stock was up 1.3% after five minutes, 1.2% after 15 minutes and 1.5% after 30 minutes. From the previous close of ₹2,045.00, it closed 2.1% higher on the reaction day, with the price at ₹2,028.00 when the filing appeared.
By the next day’s close, the stock was up 2.9% from its pre-results close, and by the fifth session it was up 5.8%. The Capital Markets industry median moved 0.1% on the reaction day, 0.8% by the next day and 0.0% after five sessions, leaving Anand Rathi Wealth ahead by 1.9 percentage points, 2.2 percentage points and 5.8 percentage points, respectively.
Earlier reaction-day moves were mixed: the stock was up 0.7% on 9 July 2026, 0.2% on 12 January 2026, 6.5% on 13 October 2025 and 4.3% on 10 July 2025. It had fallen 1.0% on 13 January 2025, 0.2% on 10 October 2024 and 3.4% on 11 July 2024, before rising 3.7% on 12 April 2024.
| After the filing | Stock | Capital Markets median |
|---|---|---|
| 5 minutes | +1.3% | |
| 15 minutes | +1.2% | |
| 30 minutes | +1.5% | |
| Reaction day | +2.1% | +0.1% |
| Next day | +2.9% | +0.8% |
| 5 days | +5.8% | +0.0% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 9 July 2026 | +0.7% |
| 12 January 2026 | +0.2% |
| 13 October 2025 | +6.5% |
| 10 July 2025 | +4.3% |
| 13 January 2025 | −1.0% |
| 10 October 2024 | −0.2% |
| 11 July 2024 | −3.4% |
| 12 April 2024 | +3.7% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Anand Rathi Wealth's revenue in Q2 FY27?
Revenue from operations was ₹343.99 crore, up 15.7% from ₹297.37 crore in Q2 FY26 (consolidated).
Did Anand Rathi Wealth make a profit in Q2 FY27?
Yes. Net profit was ₹89.26 crore, against a net profit of ₹99.90 crore in Q2 FY26.
What was Anand Rathi Wealth's EPS in Q2 FY27?
Basic earnings per share were ₹5.38, against ₹12.03 in Q2 FY26.
How did Anand Rathi Wealth shares react to the Q2 FY27 results?
On the reaction day the stock moved +2.1% from the previous close; the median Capital Markets stock moved +0.1%.
When did Anand Rathi Wealth announce its Q2 FY27 results?
On 9 October 2026, in a filing to the BSE.
Sources
- Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, 09Th October, 2026 (BSE, 9 October 2026) · PDF
- Integrated Filing For The Second Quarter And Half Year Ended 30Th September, 2026 (BSE, 9 October 2026) · PDF
- The earnings call (16 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.