Anand Rathi Share and Stock Brokers Q2 results: Profit jumps 50% YoY to Rs 42 crore, revenue rises 20%

Revenue from operations rose 20.25% year-on-year to Rs 273.21 crore in Q2FY27 from Rs 227.2 crore in Q2FY26, supported by strong momentum in the margin trading facility (MTF) business, steady contribution from distribution income and continued client acquisition.

Total expenses increased 13.74% to Rs 217.2 crore in the quarter under review from Rs 190.96 crore in the year-ago period, according to the company's exchange filing.

The brokerage reported broad-based growth across business segments during the quarter.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 99.9 crore in Q2FY27, with an EBITDA margin of 37%.

For the first half of FY27, EBITDA stood at Rs 197.2 crore, with a margin of 38%. Profit after tax (PAT), before an exceptional item, was Rs 81 crore, with a PAT margin of 16%.

Growth was largely driven by non-broking revenues. Interest income from the MTF business rose 36% year-on-year to Rs 49.6 crore, while income from distribution increased to Rs 32.7 crore, the brokerage said, highlighting the growing contribution of diversified revenue streams.

Management commentary

Pradeep Gupta, chairman and managing director of Anand Rathi Share and Stock Brokers, said the quarter was characterised by heightened market volatility arising from geopolitical issues and regulatory changes.

Despite these headwinds, investor participation remained resilient, supported by sustained domestic inflows and continued growth in mutual fund assets, he said.

"The Company continues to invest in technology to improve the customer experience. Our customer-centric approach is further supported by serving clients through our physical network. We remain confident that the Company will continue to progress along its long-term growth path,” Gupta said.

Roop Kishor Bhootra, wholetime director, said the company would remain focused on deepening client relationships, strengthening its technology infrastructure and broadening its product and advisory capabilities.

These efforts are expected to support sustainable growth and create long-term value for all stakeholders, he added.

Anand Rathi Share and Stock Brokers share price

Shares of Anand Rathi Share and Stock Brokers ended Tuesday's trading session at Rs 543.70 apiece on the NSE, down 1.25% from the previous close of Rs 550.60.

The stock has declined 13.07% in 2026 so far, according to NSE data.

At the prevailing market price, the brokerage's market capitalisation stood at Rs 3,428.92 crore.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here