The company’s shares have recovered sharply in recent sessions after witnessing a one-way decline. (Pixabay)AI Quick ReadAnand Rathi Share and Stock Brokers Limited, the brokerage arm of Anand Rathi, announced a dividend while reporting its financial performance for the March-ending quarter.
The company today posted revenue from operations rising 28.1% year-on-year to ₹255.7 crore, compared to ₹199.6 crore in the same quarter last year. EBITDA surged 51.4% YoY to ₹110.3 crore, while margins expanded sharply by 666 basis points to 43.2%.
On the bottom line, profit after tax (PAT) more than doubled, jumping 125.7% YoY to ₹41.6 crore, with PAT margin improving significantly by 703 basis points to 16.2%, reflecting strong operating leverage and improved profitability.
The company witnessed a slight dip in its broking revenues during the period, which was more than compensated by interest on MTF and distribution income.
Revenue from broking-related services grew 14.5% YoY to ₹120.1 crore, remaining the largest contributor to overall revenue. Interest income from a margin trading facility (MTF) witnessed a sharp rise of 50.2% YoY to ₹43.2 crore, indicating strong traction in leveraged trading, as per the company's Q4 earnings filing.
Distribution income also posted healthy growth of 34.3% YoY to ₹35.3 crore, while other income from operations increased 43.8% YoY to ₹57.1 crore, supporting overall revenue growth.
For FY26, revenue from operations stood at ₹932.2 crore, reflecting a 10% YoY growth, while EBITDA and PAT grew by 22% and 25% to ₹379.6 crore (41% EBITDA margin) and ₹129.3 crore (14% PAT margin), respectively, its earnings filing showed.
Commenting on the results, Mr Pradeep Gupta, Chairman and Managing Director, said, "We continued to remain focused on strengthening our client relationships by enabling informed, long-term investment decisions and ensuring that every engagement creates enduring value."
“This differentiated, client-centric approach, which is a cornerstone of our strategy, continues to strengthen us as we navigate an evolving market landscape. With a strong foundation in place, we are well-positioned to capitalise on emerging opportunities and deliver sustainable value to all our stakeholders,” he further added.
The company also declared a final dividend of ₹5 per share. The dividend, if approved by members at the forthcoming 35th Annual General Meeting (AGM), will be credited or dispatched within 30 days from the date of the AGM.
The company’s shares have recovered sharply in recent sessions after witnessing a one-way decline. Over the last eight trading sessions, the stock has rebounded 37%, marking one of its biggest comebacks since listing. However, it still trades 27% below its record high.
The shares debuted on Indian exchanges in September 2025, listing at ₹432 apiece, higher than the issue price of ₹414 per share. Following the healthy debut, the stock remained strong in the subsequent months, reaching a record high of ₹794 apiece in November 2025.
The company provides a wide range of financial services, including broking, margin trading, and the distribution of financial products, under the brand name ‘Anand Rathi.’ Catering to a diverse clientele, it serves retail investors, high-net-worth individuals (HNIs), ultra-HNIs, and institutional clients.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments.
<br><br>
He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom.
<br><br>
During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles.
<br><br>
He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements.
<br><br>
His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.