Anand Rathi Wealth Limited Q1 FY2027 Results
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Overview
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Detailed Analysis
Sentiment
Positive
Executive Summary
Company Q1 FY2027: Revenue ₹312.95 Cr (vs ₹264.74 Cr YoY), PAT ₹163.22 Cr (vs ₹92.23 Cr YoY)
In Q1 FY2027 Anand Rathi Wealth reported strong top-line growth with Revenue from Operations of ₹312.95 Cr and Total Income of ₹421.82 Cr, driven by higher Other Income and operations; Profit After Tax rose to ₹163.22 Cr. Profit Before Tax improved to ₹205.85 Cr while Total Expenses increased to ₹215.97 Cr, reflecting higher employee costs; Basic EPS was ₹9.83 for the quarter. Board actions included a 1:1 bonus issue (allocated 8,30,20,634 shares) and ESOP approval, and the company is pursuing SEBI approval to act as Mutual Fund sponsor which could expand fee revenues.Revenue from Operations (Q1 FY2027)p.11
₹312.95 Crvs ₹264.74 Cr in Q1 FY2026
Total Income (Q1 FY2027)p.11
₹421.82 Crvs ₹273.80 Cr in Q1 FY2026
Profit Before Tax (Q1 FY2027)p.11
₹205.85 Crvs ₹124.10 Cr in Q1 FY2026
Net Profit after Tax (Q1 FY2027)p.11
₹163.22 Crvs ₹92.23 Cr in Q1 FY2026
Total Expenses (Q1 FY2027)p.11
₹215.97 Crvs ₹149.70 Cr in Q1 FY2026
Basic EPS (Q1 FY2027)p.11
₹9.83 per sharevs ₹5.55 per share in Q1 FY2026
Paid up Equity Share Capital (as at Q1 FY2027)p.11
₹83.02 Crvs ₹41.51 Cr in Q1 FY2026
Key Highlights
8
Revenue from operations rose to ₹312.95 Cr in Q1 FY2027 driven by higher Other Income and core distribution activity
Other Income expanded significantly to contribute to Total Income of ₹421.82 Cr in Q1 FY2027 supporting PBT expansion
Employee Benefit Expenses increased to ₹172.85 Cr in Q1 FY2027, a primary driver of higher Total Expenses
Board approved and allotted 8,30,20,634 bonus equity shares (1
Board approved Employee Stock Option Plan 2025 for grant of 24,80,000 options (post-bonus) at ₹5 per option, indicating continued people investment
Company incorporated Anand Rathi FME (IFSC) Private Limited at GIFT City (operations yet to commence), expanding structure for IFSC business
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Key Highlights
8
Revenue from operations rose to ₹312.95 Cr in Q1 FY2027 driven by higher Other Income and core distribution activity
Other Income expanded significantly to contribute to Total Income of ₹421.82 Cr in Q1 FY2027 supporting PBT expansion
Employee Benefit Expenses increased to ₹172.85 Cr in Q1 FY2027, a primary driver of higher Total Expenses
Board approved and allotted 8,30,20,634 bonus equity shares (1
Board approved Employee Stock Option Plan 2025 for grant of 24,80,000 options (post-bonus) at ₹5 per option, indicating continued people investment
Company incorporated Anand Rathi FME (IFSC) Private Limited at GIFT City (operations yet to commence), expanding structure for IFSC business
Group continues to operate in a single reportable business segment — sale and distribution of financial products within India — concentration remains
Statutory auditor performed limited review and issued unmodified conclusion for the quarter ended June 30, 2026
Guidance & Outlook
4
Company proposes to apply to SEBI to act as sponsor of a Mutual Fund which, if approved, would lead to creation of AMC and Trustee and potential recurring fee income
Bonus share allotment (1
ESOP pool approval (24,80,000 options post-bonus) signals continued focus on retention and sales compensation, likely supporting frontline growth
Anand Rathi FME (IFSC) subsidiary has been incorporated but 'operations are yet to commence', indicating no immediate revenue contribution from IFSC
Risks & Concerns
5
Rising employee costs (Employee Benefit Expenses ₹172.85 Cr in Q1 FY2027) are pushing Total Expenses and could compress operating leverage if revenue growth slows
Current Tax and Deferred Tax together were ₹42.63 Cr in Q1 FY2027 increasing effective tax cash outflow relative to prior year
Two subsidiaries' results have not been reviewed by their auditors (one shows net loss before consolidation), which introduces consolidation audit risk
Business remains concentrated in a single segment (sale and distribution of financial products within India) increasing exposure to domestic market cycles and regulatory changes
Bonus issue doubles share count which mechanically reduces per-share metrics and may pressure near-term EPS growth perception despite higher profits
AI-generated analysis. May contain inaccuracies — verify against original sources.