Anand Rathi Q1 profit before charge surges 71% on revenue up 22%
Strong core performance from Anand Rathi Share and Stock Brokers, but a ₹210 million DP fraud compensation charge cut net profit to ₹234 million. The press release confirms figures already known from the board meeting.
— 5 earlier stories on Anand Rathi Share & Stock Brokers Ltd. →What's new
- Revenue up 22% YoY to ₹2,461 mn.
- PBT before exceptional jumps 71% to ₹391 mn; after ₹210 mn DP fraud charge, PAT is ₹234 mn.
- MTF book grows 55% to ₹13,318 mn, AUM up 26% to ₹94,791 mn.
Why this matters
The press release offers colour but no new tradeable information. The core business shows strong momentum, but the DP fraud charge points to an operational risk already flagged in prior events.
What we're watching
- Any resolution or further provisions related to the DP fraud.
- The planned ₹500 cr NCD raise and its terms.
- Whether client retention of 57.4% sustains revenue growth amid market volatility.
The full read
Anand Rathi's Q1 FY27 numbers confirm what the board already told the market: revenue up 22% to ₹2,461 mn, PBT before exceptional up 71% to ₹391 mn, and a ₹210 mn DP fraud compensation charge pulling net profit to ₹234 mn. The press release adds useful operational colour: MTF book growing 55% to ₹13,318 mn, AUM up 26% to ₹94,791 mn, and 57.4% of clients retained for over three years—but nothing that changes the investment thesis. The ₹500 cr NCD raise and the fraud resolution remain the open questions.
Questions answered
- What was the DP fraud compensation charge and how did it affect net profit?
- Anand Rathi took a ₹210 mn compensation charge for DP fraud in Q1 FY27. This reduced profit after tax to ₹234 mn from a PBT of ₹391 mn.
- How did Anand Rathi's core business perform in Q1?
- Revenue rose 22% YoY to ₹2,461 mn, driven by strong growth in margin trading facility interest income and distribution income. The MTF book grew 55% and AUM rose 26%.
- Is this the first time Anand Rathi has reported these results?
- No. The key figures—revenue, profit, and the fraud charge—were already disclosed in the board meeting outcome earlier the same day. This press release adds operational detail but no new numbers.
- What is the scale of the MTF book growth relative to the company?
- The MTF book reached ₹13,318 mn, up 55% YoY. For context, total revenue for the quarter was ₹2,461 mn, so the MTF book is several times annual revenue.
Anand Rathi Share & Stock Brokers Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on ARSSBL →- 14 Jul 2026 · 7:52 PM IST Anand Rathi Q1 profit before charge surges 71% on revenue up 22%
- 1d ago Anand Rathi board makes NCD raise, fraud charge official
- 1d ago Anand Rathi board confirms known plans for fraud charge, debt raise
- 1d ago Anand Rathi's June profit hit by ₹21 cr DP fraud charge
- 1d ago Anand Rathi Q1 PAT ₹235 mn after ₹209.96 mn fraud charge