AUM
₹1,00,000 Cr
+22% YoY
AUM crossed ₹1 lakh crore post-quarter, up from ~₹82,000 Cr in FY25.
ANANDRATHIWEALTH
Financial Services
24 Apr 2026
Anand Rathi Wealth Limited — Q4 FY26
Anand Rathi Wealth delivered a strong Q4 FY26 with revenue of ₹302 crore (+25% YoY) and PAT of ₹92 crore (+25% YoY), marking the 18th consecutive quarter of >20% PAT growth.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Anand Rathi Wealth delivered a strong Q4 FY26 with revenue of ₹302 crore (+25% YoY) and PAT of ₹92 crore (+25% YoY), marking the 18th consecutive quarter of >20% PAT growth. Full-year revenue reached ₹1,198 crore (+22% YoY) and PAT ₹386 crore (+28% YoY), beating the guided ₹375 crore. AUM crossed ₹1 lakh crore post-quarter end, a key milestone. Management guided FY27 revenue of ₹1,415 crore, PAT of ₹460 crore, and AUM of ₹1.2 lakh crore, implying ~19% PAT growth—conservative versus historical 20-25% range. Net inflows grew only 7% YoY to ₹13,457 crore, reflecting market headwinds, but client attrition remained low at 0.54% AUM lost. Key risk: sustained market weakness could pressure net inflows and AUM growth, impacting revenue visibility.
Key Numbers
Client Families
13,395
+1,600 YoY
Net addition of 1,600 client families in wealth management segment.
Client Attrition Rate
0.54%
Flat YoY
AUM lost to attrition was 0.54% for FY26, consistent with prior year.
Net Inflows
₹13,457 Cr
+7% YoY
Full-year net inflows grew 7% to ₹13,457 crore, impacted by market volatility.
Management Guidance
FY27 Revenue Guidance of ₹1,415 Cr
Management guided FY27 revenue at ₹1,415 crore, implying ~18% growth over FY26's ₹1,198 crore.
Management guidance revenueFY27 PAT Guidance of ₹460 Cr
PAT guidance for FY27 is ₹460 crore, representing ~19% growth over FY26's ₹386 crore, excluding ESOP and fair value items.
Management guidance growthFY27 AUM Guidance of ₹1.2 Lakh Cr
AUM target for FY27 is ₹1.2 lakh crore, up from ~₹1 lakh crore achieved post-Q4.
Management guidance growthBonus Issue 1:1 and Final Dividend ₹7/Share
Board approved 1:1 bonus share issuance and final dividend of ₹7 per share, subject to shareholder approval.
Management guidance otherKey Risks
ESOP Cost Volatility
A ₹39.3 crore ESOP charge was booked in Q4, concentrated among KMPs. Future charges could impact reported PAT if market price rises further.
medium · analyst_questionNet Inflow Slowdown
Net inflows grew only 7% in FY26, and management acknowledged this is not a strong number. Sustained market weakness could further pressure inflows.
high · management_commentaryRegulatory Impact on Trail Commissions
New SEBI total expense ratio (TER) structure may compress distributor payouts. Management downplayed impact as 2-4 bps, but it remains a headwind.
medium · analyst_questionConcentration in Mutual Fund Revenue
Mutual fund distribution revenue constitutes ~41% of total revenue. Any regulatory or competitive pressure on trail commissions could affect margins.
medium · data_observationNotable Quotes
We will try and deliver market agnostic performance which seems difficult in a financial services firm but actually it's reasonably easy in our judgment.
We are not a pharmacy. Pharmacies have medicines, generic medicines published by on the counter of any pharma company. We first decide what will we buy and only sell that which is mathematically correct.
We did a survey with 6,000 client HNI families. They said, 'We want risk-adjusted return.' Let this sink in.
Frequently Asked Questions
What was Anand Rathi Wealth's revenue in Q4 FY26?
Anand Rathi Wealth reported revenue of ₹288 Cr in Q4 FY26, representing a +25% change compared to the same quarter last year.
What guidance did Anand Rathi Wealth management give for FY27?
FY27 Revenue Guidance of ₹1,415 Cr: Management guided FY27 revenue at ₹1,415 crore, implying ~18% growth over FY26's ₹1,198 crore. FY27 PAT Guidance of ₹460 Cr: PAT guidance for FY27 is ₹460 crore, representing ~19% growth over FY26's ₹386 crore, excluding ESOP and fair value items. FY27 AUM Guidance of ₹1.2 Lakh Cr: AUM target for FY27 is ₹1.2 lakh crore, up from ~₹1 lakh crore achieved post-Q4. Bonus Issue 1:1 and Final Dividend ₹7/Share: Board approved 1:1 bonus share issuance and final dividend of ₹7 per share, subject to shareholder approval.
What are the key risks for Anand Rathi Wealth in FY27?
Key risks include ESOP Cost Volatility — A ₹39.3 crore ESOP charge was booked in Q4, concentrated among KMPs. Future charges could impact reported PAT if market price rises further.; Net Inflow Slowdown — Net inflows grew only 7% in FY26, and management acknowledged this is not a strong number. Sustained market weakness could further pressure inflows.; Regulatory Impact on Trail Commissions — New SEBI total expense ratio (TER) structure may compress distributor payouts. Management downplayed impact as 2-4 bps, but it remains a headwind.; Concentration in Mutual Fund Revenue — Mutual fund distribution revenue constitutes ~41% of total revenue. Any regulatory or competitive pressure on trail commissions could affect margins..
Did Anand Rathi Wealth meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Anand Rathi Wealth Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.