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

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

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.

Anand Rathi Financial Services Limited has pledged 3,00,000 equity shares of Anand Rathi Share and Stock Brokers Limited to avail margin limits. The encumbrance was created on June 3, 2026, in favor of Suresh Rathi Securities Private Limited. The shares were pledged against a borrowing amount of ₹13,56,38,418, with the value of shares on the date of the event standing at ₹15,87,90,000, providing a security cover ratio of 1.17.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on June 3, 2026, under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, the promoter group held 4,38,45,400 shares, representing 69.57% of the total share capital of Anand Rathi Share and Stock Brokers Limited.

The creation of the new pledge has raised the total number of encumbered shares to 27,00,000. This represents 4.28% of the total share capital of the target company and 6.16% of the promoter's total shareholding. The details of shareholding were taken as on March 31, 2026.

Details of Encumbrance

Security and End-Use Details