MTF Book Target: ₹1,750-1,800 crore by FY27
Management targets growing the Margin Trading Funding book from current ₹1,330 crore level by end of fiscal year 2027, implying approximately 30-35% growth.
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Anand Rathi Share and Stock Brokers · forward-looking guidance across the available source record.
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growth
Distribution AUM Growth: 40% YoY
Distribution business targeting 40% growth driven by higher wallet share of existing clients and disciplined risk management, with focus on mutual fund and insurance products.
Revenue Growth Guidance: 15-25% Range
Medium-term revenue growth guidance maintained at 15-25%, with minimum 15-20% until the company achieves the 50/50 broking/non-broking revenue mix.
PAT Growth Guidance: 30-35% Annually
Bottom-line growth targeted at 30-35% as operating leverage improves and the company scales its higher-margin non-broking businesses.
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.
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.
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.
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.
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.
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.