Anand Rathi Reports Strong Q4FY26 Results with 126% PAT Growth & ₹5 Dividend
Anand Rathi Share and Stock Brokers Limited delivered outstanding Q4FY26 results with revenue growing 28.10% to ₹2,556.50 million and PAT surging 125.70% to ₹415.50 million. The company recommended a final dividend of ₹5 per share and submitted detailed investor presentation to stock exchanges highlighting strong operational performance across diversified business segments including significant growth in MTF book and distribution income.

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Anand Rathi Share and Stock Brokers Limited announced robust consolidated financial results for Q4FY26 and FY26, demonstrating exceptional growth across key performance metrics. The company's board approved the audited financial results during their meeting on April 14, 2026, and recommended a final dividend of ₹5 per equity share, representing 100% of face value.
Outstanding Q4FY26 Financial Performance
The company delivered remarkable growth in Q4FY26 with revenue from operations expanding 28.10% year-on-year to ₹2,556.50 million. EBITDA surged 51.40% to ₹1,103.30 million, achieving a strong margin of 43.20%. Most notably, PAT witnessed exceptional growth of 125.70% to ₹415.50 million, translating to a PAT margin of 16.20%.
| Q4FY26 Performance: | Current Quarter | Previous Year | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹2,556.50 million | ₹1,996.30 million | +28.10% |
| EBITDA: | ₹1,103.30 million | ₹728.60 million | +51.40% |
| EBITDA Margin: | 43.20% | 36.50% | +666 bps |
| PAT: | ₹415.50 million | ₹184.10 million | +125.70% |
| PAT Margin: | 16.20% | 9.20% | +703 bps |
Strong Full Year FY26 Results
For the complete financial year FY26, the company maintained solid growth momentum with revenue from operations reaching ₹9,321.60 million, reflecting 10.20% year-on-year growth. EBITDA grew 21.90% to ₹3,795.80 million with a margin of 40.70%, while PAT increased 24.80% to ₹1,292.70 million, achieving a PAT margin of 13.80%.
| FY26 Annual Performance: | FY26 | FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹9,321.60 million | ₹8,457.00 million | +10.20% |
| EBITDA: | ₹3,795.80 million | ₹3,112.70 million | +21.90% |
| EBITDA Margin: | 40.70% | 36.80% | +392 bps |
| PAT: | ₹1,292.70 million | ₹1,036.10 million | +24.80% |
| PAT Margin: | 13.80% | 12.20% | +160 bps |
Diversified Revenue Streams Drive Growth
The company's diversified business model demonstrated resilience with strong performance across segments. Interest on MTF grew 50.20% in Q4FY26 to ₹431.70 million, while distribution income increased 34.30% to ₹352.60 million. For FY26, Interest on MTF expanded 32.60% to ₹1,514.90 million and distribution income surged 44.10% to ₹1,128.70 million.
| Segment Performance Q4FY26: | Current Quarter | Previous Year | Growth (%) |
|---|---|---|---|
| Broking-Related Services: | ₹1,201.40 million | ₹1,049.40 million | +14.50% |
| Interest on MTF: | ₹431.70 million | ₹287.30 million | +50.20% |
| Distribution Income: | ₹352.60 million | ₹262.50 million | +34.30% |
| Other Income from Operations: | ₹570.80 million | ₹397.00 million | +43.80% |
Strong Operational Metrics and Management Commentary
The company's operational metrics reflect robust business fundamentals with Assets under Management growing 20.60% year-on-year to ₹77,876.20 million and Margin Trading Facility book expanding 60.70% to ₹11,019.30 million. Assets under Custody increased 16.00% to ₹944,155.30 million, while total clients reached 999,186, representing 12.70% growth.
| Key Operational Metrics: | March 31, 2026 | Year-on-Year Growth |
|---|---|---|
| Assets under Management: | ₹77,876.20 million | +20.60% |
| MTF Book: | ₹11,019.30 million | +60.70% |
| Assets under Custody: | ₹944,155.30 million | +16.00% |
| Total Clients: | 999,186 | +12.70% |
| Active Clients: | 212,841 | -3.90% |
Mr. Pradeep Gupta, Chairman and Managing Director, highlighted the company's resilience during challenging market conditions, noting that non-broking businesses delivered meaningful growth despite a 6.80% dip in broking revenues for FY26. Mr. Roop Kishor Bhootra, Wholetime Director, emphasized the company's disciplined execution and sustainable long-term growth strategy across 307 cities in India.
Corporate Governance and Strategic Initiatives
The board approved several key corporate decisions including the re-appointment of Mr. Roop Kishor Bhootra and Mr. Vishal Jugal Laddha as Whole Time Directors for three-year terms from November 15, 2026, to November 14, 2029. The company also introduced the ARSSBL Employee Stock Option Plan 2026 with a maximum of 20,00,000 options and increased authorized share capital from ₹33 crores to ₹35 crores.
| Corporate Updates: | Details |
|---|---|
| Final Dividend Recommended: | ₹5 per equity share (100% of face value) |
| Statutory Auditor: | M/s. R Kabra & Co. LLP (Second term) |
| ESOP 2026: | Maximum 20,00,000 options |
| Authorized Share Capital: | Increased to ₹35 crores |
| AGM Approval Required: | All major decisions subject to shareholder approval |
Comprehensive Investor Presentation Submitted
Following the financial results announcement, the company submitted a comprehensive investor presentation for Q4FY26 and FY26 to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation provides detailed insights into the company's business performance, operational metrics, and strategic initiatives.
| Investor Presentation Details: | Information |
|---|---|
| Submission Date: | April 14, 2026 |
| Stock Exchanges: | BSE Limited (Scrip Code: 544530), NSE (Symbol: ARSSBL) |
| Regulatory Compliance: | SEBI LODR Regulation 30 |
| Website Upload: | https://anandrathi.com/investors |
| Authorized Signatory: | Chetan Prajapati, Company Secretary |
Earnings Conference Call and Regulatory Compliance
Following the financial results announcement, the company conducted an earnings conference call on April 15, 2026, to discuss Q4FY26 and FY26 performance with investors and analysts. The audio recording of the earnings call has been uploaded on the company's website, with the transcript to be shared with stock exchanges and uploaded on the website in due course.
| Conference Call Details: | Information |
|---|---|
| Call Date: | April 15, 2026 |
| Audio Recording: | Available on company website |
| Transcript Status: | To be shared with exchanges |
| Website Link: | https://anandrathi.com/investors |
Pursuant to Regulation 30 read with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements containing extracts of audited financial results for Q4FY26 and FY26. The publication appeared in The Economic Times (English edition), Maharashtra Times (Marathi edition), and Navbharat Times (Hindi edition), ensuring comprehensive regulatory compliance and stakeholder communication.
| Publication Details: | Information |
|---|---|
| Publication Date: | April 15, 2026 |
| Newspapers: | The Economic Times, Maharashtra Times, Navbharat Times |
| Regulatory Requirement: | SEBI LODR Regulation 30 & 47 |
| Website Upload: | https://anandrathi.com/investors |
How will the new ESOP 2026 plan with 20 million options impact employee retention and talent acquisition in the competitive fintech landscape?
What strategic initiatives might Anand Rathi pursue to sustain the exceptional 125% PAT growth momentum in upcoming quarters?
Will the company's expansion beyond 307 cities accelerate given the strong MTF book growth of 60.7% and robust operational metrics?

































