Anand Rathi Wealth (ANANDRATHI) Q3 25/26 earnings summary

Executive summary

• Profit after tax (PAT) for Q3 FY26 grew 30% year-over-year, surpassing INR 100 crore for the first time.

• Total revenue for Q3 FY26 increased 25% year-over-year to INR 306 crore.

• Nine-month FY26 PAT rose 29% year-over-year to INR 294 crore, with revenue up 21% to INR 897 crore.

• Assets under management (AUM) rose 30% year-over-year to INR 299,008 crore as of December 31, 2025.

• Board approved appointments of three new Non-Executive Independent Directors and re-appointment of the CEO for three years.

Financial highlights

• Q3 FY26 consolidated revenue: INR 306 crore (25% YOY growth); PAT: INR 100 crore (30% YOY growth).

• Nine-month FY26 revenue: INR 897 crore (21% YOY growth); PAT: INR 294 crore (29% YOY growth).

• PAT margin improved to 32.7% in Q3 FY26 from 31.6% in Q3 FY25.

• Earnings per share (EPS) for Q3 FY26 was ₹12.1, up 29.9% year-over-year, adjusted for a 1:1 bonus issue.

• Return on equity (ROE) for nine months FY26 was 47.3%, up 253 bps year-over-year.

Outlook and guidance

• Achieved 76% of full-year revenue guidance and 78% of PAT guidance in the first nine months.

• Maintains full-year revenue guidance of INR 1,175 crore and PAT guidance of INR 375 crore.

• Guidance for next year remains at 20%-25% growth, consistent with previous years.

• Expects to marginally exceed current year guidance if favorable conditions persist.