Anand Rathi Wealth Limited (ANANDRATHI) Q2 FY27 Financial Results: PAT ₹116 Cr & Revenue ₹336 Cr

Investor Takeaways

• 24% YoY PAT growth to ₹116 crores reported for Q1 FY27
• 21% YoY AUM growth to INR1,06,300 crores recorded
• 230 platinum clients upgraded toward 450-client target
• 24% revenue guidance completion and 25% PAT guidance completion achieved
• Client attrition at 0.09% with 19 consecutive quarters of profit expansion
• Equity AUM reached INR55,000 crores

Overall Tone: Positive

Key Financial Highlights

What Changed

The filing reveals consistent financial momentum with 24% YoY revenue growth to ₹336 crores and 24% YoY PAT growth to ₹116 crores in Q1 FY27. AUM growth of 21% YoY to INR1,06,300 crores reflects expanding client base and assets under management. The company upgraded 230 platinum clients toward a 450-client target, contributing to 19 consecutive quarters of profit expansion. Client attrition remained low at 0.09%. Management highlighted progress on revenue and PAT guidance targets, with 24% and 25% completion respectively. Equity AUM reached INR55,000 crores, supporting long-term structural growth ambitions. The firm is advancing mutual fund licensing via its UK subsidiary and GIFT City entity, targeting INR6 lakh crores in AUM and 4% market share within 8-10 years. Historical Nifty return patterns and client retention resilience are cited as tailwinds. Execution risks remain in scaling mutual fund operations and achieving market share targets.

Peer Comparison

Anand Rathi Wealth demonstrates higher ROE and ROCE compared to peer banks, though its P/E ratio is significantly elevated.

Risks & Concerns

• No specific risks identified in this filing
• Execution risks remain in scaling mutual fund operations and achieving market share targets

Quarterly Trend

The company reported sequential revenue growth from Q2FY26 to Q1FY27, with profit and OPM trends showing improvement. OPM declined from Q2FY26 to Q4FY26 but improved in Q1FY27. Profit growth accelerated YoY, aligning with the 24% PAT growth reported in the current filing.