
Anand Rathi Wealth’s Q2 net profit fell 9.5% to ₹89.95 crore, pushing shares down 4.39% to ₹2,045 on the NSE.
Revenue rose 15.7% year‑on‑year to ₹344 crore, yet record client inflows of ₹4,186 crore — a 39% jump — outpaced earnings, leaving the top‑line healthy while the bottom line shrank, according to the company’s filing.
EBITDA margin contracted to 34% from 46.2% in the same quarter last year; earnings before interest, tax, depreciation and amortisation fell 15.1% to ₹116.8 crore. Mutual‑fund distribution revenue grew 18% to ₹145 crore, lifting assets under management to ₹1.08 lakh crore, up 18% YoY against an 8% Nifty decline.
The digital wealth arm recorded 14% growth in AUM to ₹2,531 crore and added 108 new Omni Financial Advisor subscribers, while launching operations in London, as per the earnings release.
Chief Executive Officer Rakesh Rawal said the company’s wealth‑management model remains resilient amid geopolitical tensions, higher US bond yields and a stronger dollar. He reaffirmed a 20–25% long‑term growth trajectory and a ₹4 per share dividend for FY27, with the board setting October 15, 2026 as record date.