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Anand Rathi Share Margin Trend — Quarter by Quarter

Anand Rathi Share's EBITDA margin moved from 40.8% in Q2 FY26 to 43.2% in Q4 FY26 across 3 quarters. Management commentary below explains the cost and pricing drivers mentioned on calls.

EBITDA Margin by Quarter

QuarterEBITDA Margin (%)YoY Change
Q4 FY2643.2%
Q3 FY2640.8%
Q2 FY2640.8%