Anand Rathi’s Q2 net profit surged 48.4% YoY to ₹42.3 crore, eclipsing the ₹30 crore consensus and signalling a robust earnings beat.
Operating revenue climbed 20.1% to ₹273.2 crore against ₹227 crore a year earlier, propelled by a 34% jump in broking and a 21% rise in non‑broking income.
The MTF book expanded 38.2% to ₹1,499.3 crore, while interest income from margin trading grew 36.3% to ₹49.6 crore, underscoring the shift to recurring MTF revenue.
Assets under management grew 29.2% YoY to ₹9,999 crore, and EBITDA hit ₹99.9 crore with a 37% margin, matching the FY1H 38% benchmark.
Chairman and Managing Director Pradeep Gupta said the firm will keep investing in technology and broadening advisory services, while the board plans to sustain the MTF and non‑broking mix ahead of the FY27 dividend call.