Full-year revenue guidance of ₹1,415 crore
Achieved 24% in Q1; confident of meeting target.
ANANDRATHI / guidance tracker
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Anand Rathi Wealth · forward-looking guidance across the available source record.
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What management said would happen.
revenue
Full-year PAT guidance of ₹460 crore
Achieved 25% in Q1; confident of meeting target.
AUM growth target of 20-25% annually
Driven by 10-12% market returns and 10-12% net flows (~1% of AUM per month).
Platinum client segment to reach 400-500 in 2 years
Currently ~230 from 211; expects hockey-stick growth to four digits in a few years.
AUM guidance of ₹1 lakh crore for FY26
Management retained the aspirational AUM target of ₹1 lakh crore by March 2026, assuming 9-10% market growth and strong net flows.
Revenue guidance of ₹1,175 crore and PAT guidance of ₹375 crore for FY26
H1 FY26 achieved 50.3% of full-year revenue guidance and 52% of PAT guidance, with management confident in meeting targets.
PAT margin target of 30-33%
Management indicated PAT margin should remain in the 30-33% range for the next couple of years, with a mandate to keep it above 30%.
Diversification of structured product issuers
Management confirmed plans to diversify beyond Anand Rathi Global Finance, having already approved Nuama as an additional issuer.