Anand Rathi Share and Stock Brokers Limited has announced strong financial results for the third quarter ended December 31, 2025, demonstrating robust growth across key performance metrics. The company submitted its investor presentation to stock exchanges on January 14, 2026, highlighting significant improvements in revenue, profitability, and operational parameters.

Strong Financial Performance in Q3FY26

The company delivered impressive financial results for Q3FY26, with substantial growth across all major metrics:

The exceptional 71.8% growth in PAT reflects the company's operational efficiency and effective cost management strategies. EBITDA margin expansion of 320 basis points to 40.8% demonstrates improved profitability metrics.

Diversified Revenue Model Shows Resilience

Anand Rathi's revenue diversification strategy continued to show positive results during Q3FY26. The segmental revenue breakdown reveals a balanced approach:

The non-broking segment's contribution increased from 24% in Q3FY25 to 28% in Q3FY26, indicating successful diversification efforts. Within the revenue mix, Interest on Margin Trading Facility contributed 18% and Distribution Income accounted for 10% of total revenue.

Asset Growth and Client Expansion

The company demonstrated strong growth in key operational metrics:

The Margin Trading Facility segment showed particularly strong performance with the MTF book growing 46.1% year-on-year. Interest income from MTF increased to ₹438 million in Q3FY26 from ₹301 million in Q3FY25, representing a 46% growth.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company maintained steady performance:

The company's debt-equity ratio improved significantly to 0.59 as of December 31, 2025, compared to 2.36 in the previous year, indicating stronger financial position and reduced leverage.

Operational Highlights

Anand Rathi maintains a robust pan-India presence with 97 branches across 54 cities and a network of 1,243 Authorized Persons spread across 342 cities. Notably, 71% of total active clients come from Tier 2/3 cities, demonstrating the company's strong reach in smaller markets. The company's client base shows strong loyalty with approximately 54% of clientele having relationships spanning over three years, and 84% of clients being over 30 years of age, indicating a mature investor base with higher investible corpus potential.

Anand Rathi Share and Stock Brokers Limited announced robust consolidated financial results for the quarter, demonstrating strong growth across key financial metrics. The company delivered impressive performance with revenue from operations expanding 24% year-on-year to ₹2.48 billion, while maintaining healthy profitability margins.

Strong Financial Performance in Q3

The company's financial performance showcased significant growth momentum across all major parameters:

The company's net profit margin of 15.3% and EBITDA margin of 41.07% reflect strong operational efficiency and profitability management during the quarter. The EBITDA margin improved from 37.67% in the previous year, demonstrating enhanced operational leverage.

Segmental Revenue Breakdown

The company's diversified revenue streams contributed to the overall growth, with all major segments showing positive momentum:

Nine-Month Performance Overview

For the nine months period, the company maintained steady growth trajectory:

Key Operational Metrics

The company's operational metrics demonstrate strong business fundamentals and client engagement:

The Margin Trading Facility book's 46.1% year-on-year growth showcases strong investor appetite and platform engagement, while the 32.1% growth in Assets under Management creates an enduring revenue pipeline for future growth.

Management Commentary

Mr. Pradeep Gupta, Chairman and Managing Director, highlighted the company's resilient performance despite challenging market conditions. He noted that Assets under Custody rose 48% year-on-year to ₹1.06 trillion, reflecting clients' trust and the company's disciplined approach to financial stewardship. The management emphasized their focus on de-risking and stabilizing earnings through increased exposure in non-broking segments.

Mr. Roop Kishor Bhootra, Wholetime Director, added that the non-broking segment showed particular strength, with interest income from MTF and Distribution income rising 43% year-on-year to ₹689.00 million. The company expanded its physical presence by adding 5 branches during the quarter, bringing the total footprint to 97 branches across the country.