Anand Rathi Wealth (ANANDRATHI) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 profit after tax grew 28% year-over-year to ₹93.9 crore, with total revenue up 16% to ₹284.3 crore and AUM rising 27% to ₹87,797 crore.

• Net mobilization hit a record ₹3,825 crore, despite muted industry flows.

• Added 600 new client families, bringing total to 1,212,330; client attrition remained low at 0.11%.

• Board approved unaudited standalone and consolidated financial results for Q1 FY26, with no material misstatements found.

• Financial results were reviewed and approved by the Audit Committee and Board on July 10, 2025.

Financial highlights

• Total revenue for Q1 FY26 was ₹284.3 crore, up 15.8% year-over-year; PAT margin improved to 33% from 29.9% year-over-year.

• Mutual fund distribution revenue rose 27% year-over-year to ₹113.1 crore.

• PBT grew 27.6% to ₹126.4 crore, with PBT margin at 44.5%.

• Monthly SIP inflows rose from ₹50 crore to ₹75 crore year-over-year.

• Basic and diluted EPS (consolidated) for Q1 FY26 was ₹11.31, up from ₹8.78 in Q1 FY25.

Outlook and guidance

• Management reaffirmed FY26 guidance: revenue of ₹1,175 crore, PAT of ₹375 crore, and AUM of ₹1,00,000 crore.

• Achieved 24% of revenue and 25% of PAT guidance in Q1FY26, indicating strong momentum.

• No plans to revise AUM or revenue guidance upward despite strong Q1 performance.

• Long-term growth aspiration remains 20–25% CAGR in PAT and revenue.