Investor Presentation

Here's a summary of the investor presentation for Anand Rathi Share and Stock Brokers Limited: **Business Performance:** Anand Rathi showcased strong growth with total revenue rising 28.1% YoY to ₹2,556.5 Cr in Q4 FY26 and 10.2% YoY to ₹9,321.6 Cr for FY26. Profit After Tax (PAT) saw a remarkable surge of 125.7% YoY to ₹415.5 Cr in Q4 FY26 and 24.8% YoY to ₹1,292.7 Cr for FY26. The non-broking segment, comprising interest on margin trading facilities and distribution income, continues to expand its share, contributing to a more diversified revenue stream.

Assets under custody and distribution also showed healthy growth. **Growth Drivers or Strategy:** The company is focusing on building its Margin Trade Facility (MTF) book as a core growth engine, which saw a significant increase of 60.7% YoY.

Expansion into new product distribution, including acquiring an insurance corporate agency license, also signals a strategic push for diversification. **Recent Developments:** Anand Rathi acquired an insurance corporate agency license in July 2025, further broadening its financial product distribution. **Key Financial Metrics:** - Q4 FY26 Total Revenue: ₹2,556.5 Cr (up 28.1% YoY) - Q4 FY26 PAT: ₹415.5 Cr (up 125.7% YoY) - FY26 Total Revenue: ₹9,321.6 Cr (up 10.2% YoY) - FY26 PAT: ₹1,292.7 Cr (up 24.8% YoY) - Debt Equity Ratio: 0.62 (down from 1.80 YoY) **Management Commentary / Outlook:** The company highlights resilient growth and sustained business momentum, even amidst a challenging market.

They are experiencing a measured and calibrated increase in Assets Under Custody (AUC) in line with their strategy.

The client base is noted for its loyalty and a significant portion being in older age brackets, suggesting higher investible corpuses.