• Q4 FY26 Revenue from Operations expanded 28% YoY to ₹ 2,557 million, with EBITDA and PAT growing 51% and 126% to ₹ 1,103 million (43% EBITDA margin) and ₹ 416 million (16% PAT margin), respectively.
  • FY26 Revenue from Operations stood at ₹ 9,322 million, reflecting a 10% YoY growth, while EBITDA and PAT grew at 22% and 25%, to stand at ₹ 3,796 million (41% EBITDA margin) and ₹ 1,293 million (14% PAT margin) respectively.
  • Proposed Dividend for FY2026 of ₹ 5 per share i.e. 100% of face value, subject to shareholder approval.
  • Margin Trading Facility book stood at ₹ 11,019 million, reflecting a 61% YoY growth, showcasing strong investor appetite and platform engagement.
  • Assets under Management grew by 21% YoY to ₹ 77,876 million, creating an enduring revenue pipeline for the future.

Mumbai: Anand Rathi Share and Stock Brokers Limited (BSE:544530) (NSE:ARSSBL), announced its audited consolidated financial results for the quarter and year ended March 31, 2026.

KEY FINANCIAL HIGHLIGHTS AND OPERATING METRICS (CONSOLIDATED)

Particulars (Rs. Mn)Q4 FY26Q4 FY25Y-o-YFY26FY25Y-o-Y
Revenue from Ops.2,556.501,996.3028.10%9,321.608,457.0010.20%
EBITDA1,103.30728.651.40%3,795.803,112.7021.90%
EBITDA Margin43.20%36.50%666 bps40.70%36.80%392 bps
PAT415.5184.1125.70%1,292.701,036.1024.80%
PAT Margin16.20%9.20%703 bps13.80%12.20%160 bps

SEGMENTAL PERFORMANCE

Particulars (Rs. Mn)Q4 FY26Q4 FY25Y-o-YFY26FY25Y-o-Y
Broking-Related Services1,201.401,049.4014.50%4,755.105,102.70-6.80%
Interest on MTF431.7287.350.20%1,514.901,142.8032.60%
Distribution Income352.6262.534.30%1,128.70783.144.10%
Other Income from Operations570.839743.80%1,922.901,428.4034.60%

Commenting on the results, Mr. Pradeep Gupta, Chairman and Managing Director, said FY26 was a challenging year for the capital markets sector as a whole– marked by geopolitical tensions, shifting global trade dynamics, sustained FII outflows and subdued investor sentiment, particularly toward the latter part of the financial year. As a result, we witnessed a slight dip of 6.8% in our broking revenues during the period, which was more than compensated by 32.6% increase in Interest on MTF and 44.1% increase in our distribution income, resulting in a 10.2% increase in our revenue from operations, and consequently a 24.8% increase in our PAT. Our non-broking businesses continued to deliver meaningful growth, with Assets under Management rising 21% YoY to ₹77,876 million, and the MTF book surging 61% YoY to ₹11,019 million, reflecting the strength of our diversified growth levers. We continued to remain focused on strengthening our client relationships by enabling informed, long term investment decisions, and ensuring that every engagement creates enduring value. This differentiated, client centric approach which is a cornerstone of our strategy continues to strengthen us as we navigate an evolving market landscape. With a strong foundation in place, we are well positioned to capitalise on emerging opportunities and deliver sustainable value to all our stakeholders.”

Mr. Roop Kishor Bhootra, Wholetime Director, added We continued to deliver meaningful growth in our business despite a challenging macroeconomic environment and heightened volatility in the markets. In Q4FY26, our total revenue from operations rose to ₹2,557 million and EBITDA reached ₹1,103 million, delivering YoY growth of over 28% and 51%, respectively. EBITDA margin expanded to 43%, while PAT surged 126% YoY to ₹416 million, translating into a PAT margin of 16%. Our core broking and related businesses remained steady, with revenues growing 14% YoY to ₹1,201 million. Within non‑core segments, interest income from MTF increased 50% YoY to ₹432 million and income from distribution rose 34% YoY reaching ₹353 million, reflecting sustained momentum in these segments. With a robust footprint spanning 307 cities across India, we remain focused on disciplined execution and building sustainable, long‑term growth.”