Anand Rathi Share Revenue History — Quarter by Quarter

Anand Rathi Share's revenue moved from ₹227 Cr in Q2 FY26 to ₹256 Cr in Q4 FY26, a 12.5% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹256 Cr	+28.1%
Q3 FY26	₹248 Cr	+21.5%
Q2 FY26	₹227 Cr	—

What management said about revenue

Q4 FY26 · Revenue growth target of 15-20% YoY

Management aims for overall revenue growth of 15-20% year-on-year, with broking growing ~15% and non-broking 40-45%.

Q4 FY26 · 50:50 revenue split between broking and non-broking

Target to maintain a balanced revenue mix of 50% broking and 50% non-broking over the long term.

Q4 FY26 · MTF book target of ₹1,500 crore by FY26

Earlier guided MTF book size of ₹1,500 crore by FY26, but faced headwinds from RBI policy and market conditions.

Q3 FY26 · MTF book target of ₹1,500 crore by FY26-end

Management expects the MTF book to reach approximately ₹1,500 crore by the end of the current financial year, up from ₹1,232 crore as of December 2025.

Q3 FY26 · AUM target of ₹9,500-10,000 crore

Management guided for AUM under distribution to reach ₹9,500-10,000 crore, implying continued growth from the current ₹5,369 crore.

Q3 FY26 · Revenue mix target of 50:50 broking to non-broking by March 2027

Management aims to achieve a 50:50 revenue split between broking and non-broking segments by end of FY27, reducing dependence on market-linked income.

Q2 FY26 · MTF book target of ₹1,500 crore by March 2026

Management expects the MTF book to reach approximately ₹1,500 crore by the end of FY26, up from ₹1,085 crore in September 2025.

Q2 FY26 · Distribution AUM target of ₹9,500 crore by March 2026

The company aims to grow its distribution AUM to around ₹9,500 crore by year-end, from ₹7,736 crore in September 2025.

Q2 FY26 · 50:50 broking/non-broking revenue mix by FY27

Management targets a balanced revenue mix of 50% from broking and 50% from non-broking segments by the end of FY27.