Anand Rathi Wealth Ltd.Record flows ₹4,186 Cr, Q2 PAT +22%

Anand Rathi Wealth reported Q2 FY27 consolidated net profit of ₹122 crore, up 22% year-on-year, on revenue of ₹357 crore, up 16%.

For the first half, adjusted profit after tax rose 23% to ₹238 crore and revenue rose 17% to ₹693 crore, which is 49% of the full-year revenue guidance of ₹1,415 crore and 52% of the profit guidance of ₹460 crore. The company recorded its highest-ever quarterly net flow of ₹4,186 crore, up 39%, including ₹2,867 crore of equity mutual fund net flow, and its highest monthly client acquisition in September. It has 14,309 client families after adding 1,500 net in 12 months, and AUM attrition was 0.17% in the quarter.

AUM was about ₹1.08 lakh crore, with a ₹1.2 lakh crore target for the year. Non-cash charges including ESOP were ₹46 crore against nil a year ago and are expected to fall sharply. The Board declared an interim dividend of ₹4 per share. Management said it will file a mutual fund licence application by month-end, expects to launch two funds in GIFT City within two to three months without including revenue in guidance, and did not revise guidance.