Anand Rathi Wealth Limited (ANANDRATHI) Earnings Call Transcripts

Anand Rathi Wealth Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Anand Rathi Wealth Limited reported a total revenue of INR 356 crores, reflecting a 47.6% year-on-year growth, and a profit after tax (PAT) of INR 103 crores, up 40% YoY. For the full fiscal year, total revenue reached INR 1,253 crores, a 28% increase, while PAT was INR 397 crores, growing 32% YoY. Management provided guidance for FY '27, projecting revenue of INR 1,415 crores and PAT of INR 460 crores, indicating a more conservative growth outlook compared to previous years.

Reported metrics

Guidance from management

Management has provided guidance for FY '27, projecting revenue of INR 1,415 crores and PAT of INR 460 crores, reflecting a cautious outlook compared to previous years.

What management said

Super. So I'll take the first part and then give the valuation part to Jugal sir. So Manas, the INR 40 crore rights issue subscription of ARGFL from AR Wealth Limited is a rights issue where Feroze as an individual has participated with INR 94 crores. Rakesh sir has participated with INR 56 crores and the holding company has participated with INR 270 crores and the rest of the other group entities might have particip...

Manas, some one little clarification. It gets issued at face value like we have in the previous couple of instances. So our policy of ESOP, we generally don't follow a policy of ESOP. There were some -- if you look at the 2018 ESOP policy, you will get a full judgment of how we -- what's our practice. That's consistent with what we had done in 2018.

What analysts pressed on

Analysts expressed concerns regarding the conservative growth guidance for FY '27, which is lower than the historical range of 20-25%. Additionally, the modest net inflow growth of 7% raised questions about the firm's ability to attract new investments in a competitive landscape.

Main topics on the call

• AUM Milestone Achieved — Anand Rathi Wealth crossed INR 1 lakh crores in assets under management (AUM), a significant milestone for the firm. Feroze Azeez stated, "we have crossed INR 1 lakh crores of AUM post the recent positive movement in the...
• Strong Revenue and PAT Growth — The company reported a consolidated revenue of INR 356 crores for Q4 FY '26, up 47.6% YoY, and a PAT of INR 103 crores, reflecting a 40% increase. This performance underscores the firm's consistent growth trajectory.
• Conservative FY '27 Guidance — Management guided for FY '27 revenue of INR 1,415 crores and PAT of INR 460 crores, which represents an 18-19% growth rate. This is lower than the historical growth range of 20-25%, prompting questions about the conserva...
• Client Retention Improvement — The client attrition rate improved to 0.54% for FY '26, with 81% of assets retained from departing relationship managers. Feroze Azeez noted, "81% of those clients' assets are with us without the AUM movement of market."

Read the full Anand Rathi Wealth Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Anand Rathi Wealth Limited earnings call transcripts on record, spanning April 13, 2022 to July 10, 2026. Based on this history, Anand Rathi Wealth Limited reports quarterly. The most recent call on file is dated July 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ANANDRATHI

Exchange

NSEI

Country

IN

Sector

Financials

Industry

Capital Markets

Calls on record

19

First call

April 13, 2022

Most recent

July 10, 2026

Reporting cadence

quarterly