Anand Rathi Share and Stock Brokers Limited FY26 results
Anand Rathi Share and Stock Brokers Limited reported a 10.2% rise in consolidated revenue to ₹9,322 million for FY26. Profit after tax rose 24.8% to ₹1,293 million, while EBITDA grew 21.9% to ₹3,796 million. The board recommended a final dividend of ₹5 per share.

*this image is generated using AI for illustrative purposes only.
Anand Rathi Share and Stock Brokers Limited reported a 10.2% increase in consolidated revenue to ₹9,322 million for the financial year ended March 31, 2026. Profit after tax rose 24.8% to ₹1,293 million, while EBITDA grew 21.9% to ₹3,796 million.
The company’s board has recommended a final dividend of ₹5 per equity share of face value ₹5 each for the financial year ended March 31, 2026, subject to shareholder approval.
Financial Performance Highlights
| Metric | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Consolidated Revenue from Operations (₹ million) | 9,322 | 8,457 |
| EBITDA (₹ million) | 3,796 | 3,112 |
| Profit After Tax (₹ million) | 1,293 | 1,036 |
| EBITDA Margin (%) | 40.7 | 36.8 |
| PAT Margin (%) | 13.8 | 12.3 |
The strong performance was driven by a diversified business model. Broking revenue for FY26 stood at ₹4,755 million, while non-broking income surged 44.1% to ₹1,129 million. The margin trading facility book grew 61% year-on-year to ₹11,019.31 million, with zero non-performing assets.
Operational Metrics
| Metric | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Assets Under Custody (₹ million) | 9,44,155.34 | 8,13,684.76 |
| Assets Under Management (₹ million) | 77,876.00 | 64,598.00 |
| MTF Book Size (₹ million) | 11,019.31 | 6,855.13 |
| Total Clients | 9,99,186 | 8,86,644 |
The company’s asset base expanded significantly, with assets under custody rising 16% to ₹9,44,155.34 million and assets under management growing 21% to ₹77,876 million. The margin trading facility book scaled to ₹11,019.31 million, reflecting disciplined underwriting standards.
Strategic Overview
Anand Rathi Share and Stock Brokers Limited has evolved from a predominantly transaction-oriented intermediary into a diversified financial services provider. The company’s strategy focuses on balancing broking with non-broking segments such as margin trading facility and distribution of investment products to reduce reliance on market cycles.
The non-broking segments now contribute nearly half of the total income, enhancing the stability of the revenue profile. This shift reflects a deliberate effort to build a more resilient business model aligned with the long-term structural drivers of India’s capital markets.
Outlook
Looking ahead, Anand Rathi Share and Stock Brokers Limited remains confident in the long-term potential of India’s capital markets. The company is well-positioned to capitalise on the increasing financialisation of household savings and the broadening of domestic institutional flows. Its research-led, relationship-oriented service model continues to differentiate it in a competitive landscape.
The company remains committed to investing in its reach, talent, technology capabilities and brand strength to deliver sustained value to all stakeholders.
Historical Stock Returns for Anand Rathi Share & Stock Brokers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.44% | -2.75% | -14.45% | -15.93% | +17.78% | +17.78% |
Can the 44.1% surge in non-broking income be sustained as the company continues to balance its revenue streams?
How will the company maintain zero non-performing assets in the margin trading facility book as it scales aggressively?
What specific technology investments are planned to support the goal of capitalizing on the increasing financialisation of household savings?


































