Anand Rathi Wealth Ltd. · NSE:ANANDRATHI
Anand Rathi Wealth — Q1 FY2027 Earnings Presentation
45 slides from Anand Rathi Wealth's earnings presentation, Jul 9, 2026
Slide 1: Submission of Investor Presentation to Exchanges
ANANDRATHI Private Wealth. uncomplicated Ref No: 45/2026-27 Date: 09th July, 2026 The Manager, The Manager, Listing Department, Listing Department, The National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, 5th Floor, Plot C/1, G Block, Phiroze Jeejeebhoy Tower, Bandra - Kurla Complex,
Slide 2: Investor Presentation Quarter ended 30th June 2026
ANAND RATHI WEALTH ANAND RATHI LIMITED WEALTH LIMITED INVESTOR PRESENTATION Quarter ended 30th June 2026 THE PEOPLE BEHIND Uncomplicated Wealth 1
Slide 3: Index
ANANDRATHI Index Index Private Wealth. uncomplicated 01 01 Consolidated Highlights 02 02 Private Wealth Business 03 Future Unlocking of India’s Wealth Story 04 04 Digital Businesses 05 Annexures 2
Slide 4: Building a Wealth Management Business
Buildinga aWealth Building Wealth Management Management Business Business ANANDRATHI Private Wealth. uncomplicated It is not a capital race — it is a credibility marathon 1 Wealth Management Is Not a Capital Business 5 Transparency with Clients Is Non-Negotiable • A relationship manager cannot handl
Slide 5: Consolidated Highlights
01 Consolidated Highlights
Slide 6: Quick Glance
QuickGlance Quick Glance ANANDRATHI Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Particulars Q1FY26 Q1FY27 Y/Y% Revenue from Operations 274.0 322.0 17.5% Total Revenue 284.1 336.4 18.4% Employee Benefit Expenses 114.8 130.2 13.4% Other Expenses 43.1 49.9 15.8% Total C
Slide 7: Financial Performance for Q1FY27
FinancialPerformance Performance ANANDRATHI Financial ForFor QtFY27 Q1FY27 Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Total Revenue Profit After Tax & Margin Asset Under Management 18% Y/Y 24% Y/Y 21% Y/Y 34.4% •Equity MF D SP D Debt MF D Others 33.0% 336 ------ ---
Slide 8: Business Performance for Q1FY27
BusinessPerformance Performance ANANDRATHI Business ForFor Q1FY27 Q1FY27 Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Equity Mutual Funds Total Net-Inflows Monthly SIP Inflows Net-Inflows 94 3,824 75 1,983 1,902 2,743 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Jun-25 Jun-26 7
Slide 9: Market Share – Equity Mutual Fund
MarketShare Share –- Equity EquityMutual MutualFund Fund ANANDRATHI Market Private Wealth. uncomplicated Category II Growth/Equity Oriented Schemes — AMFI Data NET INFLOWS MARKET SHARE Period Industry (Cr) ARWL (Cr) Market Share FY20 83,787 153 0.18% FY25 4,17,053 7,706 1.85% FY26 3,46,536 7,969 2.3
Slide 10: Actuals Vs. Guidance – FY27
ANANDRATHI Actuals Vs.Guidance Actuals Vs. Guidance — - FY27 FY27 Private Wealth. uncomplicated Guidance Actuals Achieved Particulars Given for FY27 for Q1FY27 % of Guidance (Rs. Cr) (Rs. Cr) Revenue 1,415 336 24% Profit after tax 460 116 25% Asset under management (AUM) 1,20,000 1,06,300 Actuals fo
Slide 11: Private Wealth Business
02 Private Wealth Business
Slide 12: Key Operational Highlights for Q1FY27
Key Operational OperationalHighlights Highlights ANANDRATHI Key For For QtFY27 Q1FY27 Private Wealth. uncomplicated Asset Under Relationship Management Active Client Families AUM Per RM Client Per RM Managers (Rs. Cr) (Nos.) (Rs. Cr) (Nos.) (Nos.) 417 13,941 1,03,774 382 249 12,330 85,742 224 33 32
Slide 13: Three Important Stake Holders
ANANDRATHI ThreeImportant Three Important Stake Stake Holders Holders Private Wealth. uncomplicated ))) Lowest regret RM attrition in industry ))) Consistent incentive payout structure for last 19 years 1 Employees Employees ))) Great place to work for 8 years ))) A robust capability-building progra
Slide 14: Increasing Share of RMs Managing AUM
ANANDRATHI IncreasingShare Increasing Shareof of RMsRMs Managing Managing AUM AUM Higher Higher Private Wealth. uncomplicated Bucket wise AUM of RMs Bucket wise AUM of RMs Regret RM Attrition* 0 <100 Cr O 100-200 Cr ■ >200 Cr 129 151 2 76% 79% 0 94 91 Q1FY26 Q1FY27 One of the lowest regret RM attrit
Slide 15: Focused on More Rewarding HNI Segment
ANANDRATHI Focusedon Focused onMore MoreRewarding RewardingHNIHNI Segment Segment Private Wealth. uncomplicated Share in AUM 30.1% Rs. 50 Crores These were mostly HNIs when they were on-boarded and have subsequently (16.6%) & above elevated as UHNIs over a period 50.8% Target Segment – slower and Rs
Slide 16: What Do Clients Seek From Wealth Management Firms?
ANANDRATHI What DoClients What Do ClientsSeeks Seeks From From Wealth Wealth Management Management Firms? Firms? Private Wealth. uncomplicated SURVEY OF 6,155 6,155 i n v e s t o r s A c r o s s l o c a t i o n s , a g e g r o u p s a n d r i s k p r o f i l e s To p 3 P R I O R I T I E S Best risk
Slide 17: Performance of ARWL Strategy
ANANDRATHI Performanceofof Performance ARWL ARWL Strategy Strategy Private Wealth. uncomplicated Performance of the Portfolio since inception – Apr’14 to Jun’26 CAGR Growth in % Value of Rs.10 Crs. Invested ARWL Strategy 15.54% 58.75 Nifty 50 10.89% 35.51 Differential Performance 4.65% 23.24 Beta to
Slide 18: Advantages of Client Vintage and Stickiness
ANANDRATHI Advantages Advantages ofofClient Client Vintage Vintage And And Stickiness Stickiness Private Wealth. uncomplicated Client Vintage Client Vintage Client Attrition (Nos.) (AUM – Rs. Cr) (% of AUM Lost) 12,330 13,941 85,742 1,03,774 21% 18% 40% 39% 79% 82% 60% 61% 0.11% 0.09% Q1FY26 Q1FY27
Slide 19: Consistent & Market Agnostic Performance
ANANDRATHI Consistent&&Market Consistent Market Agnostic Agnostic Performance Performance Private Wealth. uncomplicated Consolidated PAT Growth Sr. No. Period Nifty Performance (Rs. Cr) (Y/Y %) 1 Q1FY23 39.71 33.6% -9.6% 2 Q2FY23 42.95 41.1% 8.3% 3 Q3FY23 43.23 34.9% 5.9% 4 Q4FY23 42.71 23.4% -4.1%
Slide 20: Consistently Rewarding Shareholders
ANANDRATHI ConsistentlyRewarding Consistently Rewarding Shareholders Shareholders Private Wealth. uncomplicated Interim Dividend Final Dividend Total Dividend Buy-Back Year (Rs. / Share) (Rs. Cr) (Rs. / Share) (Rs. Cr) (Rs. / Share) (Rs. Cr) (Rs. Cr) FY22 2.5 20.81 3.0 25.01 5.5 45.82 FY23 2.5 20.84
Slide 21: Sources of Growth
ANANDRATHI SourcesofofGrowth Sources Growth Private Wealth. uncomplicated 4 3 2 1 Wallet Share New Clients New RMs Organic Greater asset share from Addition of new client Addition of new Return on investment the existing client families relationship managers - gets added to AUM families addition of
Slide 22: ARWL Journey 2002–2019
ANANDRATHI ARWL Journey ARWL Journey Private Wealth. uncomplicated Our Journey · 2002 – 2019 2002 2002 2012 2015 2018 2021 Feroze Azeez joined; Listed on BSE & Started as a Mutual introduced Structured Crossed AUM of Number of RMs NSE; crossed AUM Fund Distributor Products ₹5,000 Crores reached 150
Slide 23: ARWL Journey 2023–2026
ANANDRATHI ARWL Journey ARWL Journey Private Wealth. uncomplicated Our Journey · 2023 – 2026 2023 2023 2025 2025 Crossed AUM of ₹35,000 Crossed AUM of ₹80,000 Cr; Crores RMs reached 380 -•-----------•-----------•------------ •- 2024 2024 2026 2026 Crossed AUM of ₹50,000 Cr; Crossed AUM of ₹1,00,000
Slide 24: Board of Directors
ANANDRATHI BoardOf Board OfDirectors Directors Private Wealth. uncomplicated NON-INDEPENDENT DIRECTORS Mr. Anand Rathi Mr. Pradeep Kumar Gupta Mr. Rakesh Rawal Chairman & Non-Executive Director Non-Executive Director Executive Director & CEO INDEPENDENT DIRECTORS Mr. Adesh Gupta Mr. Debashish Panda
Slide 25: Key Leadership Personnel
ANANDRATHI Key Leadership Key Leadership Personnel Personnel Private Wealth. uncomplicated RakeshRawal Mr. Rakesh Rawal Mr. Feroze Mr. FerozeAzeez Azeez JugalMantri Mr. Jugal Mantri Executive Director & CEO Joint Chief Executive Officer Group Chief Financial Officer PGDM (Derivatives & Finance), SDM
Slide 26: Key Personnel
ANANDRATHI Key Personnel Key Personnel Private Wealth. uncomplicated Mr. Rajesh Bhutara Mr. Chirag Muni Chief Financial Officer Chief Process Officer • • Mr. Chintak Shah Ms. Tejal Shah Head – NRI Head - Human Resource • • 25
Slide 27: Key Personnel
ANANDRATHI Key Personnel Key Personnel Private Wealth. uncomplicated Non-Independent Directors Mr. Arjun Guha Mr. Amitabh Lara Mr. Bharath Rathore Mumbai Mumbai Bengaluru Mr. Suraj Sinha Ms. Protima Dhawan Mr. Adil Chacko Bengaluru Hyderabad Delhi Mr. Manish Srivastava Mr. Swapan Chakraborty Mr. Sub
Slide 28: Key Personnel
ANANDRATHI Key Personnel Key Personnel Private Wealth. uncomplicated Mr. Raj Vijeta Sharma Mr. Ashish Bhandia Mr. Rajan Sarkar Dubai Kolkata Kolkata Mr. Krishanu Chaudhary Mr. Mukesh Kumawat Mr. Farooq Nabi Chennai Gurugram Noida Mr. Harpreet Punj Mr. Sudhir Hiran Mr. Hrishikesh Palve Chandigarh Raj
Slide 29: Geographical Presence
ANANDRATHI GeographicalPresence Geographical Presence Private Wealth. uncomplicated 28
Slide 30: Future Unlocking of India's Wealth Story
03 Future Unlocking of India's Wealth Story
Slide 31: Increasing Penetration of Mutual Fund Market in India
ANANDRATHI IncreasingPenetration Increasing Penetration of Mutual of Mutual FundFund Market Market In India In India Private Wealth. uncomplicated Assets managed by the Indian mutual fund industry (Rs. Penetration of MF Industry (Equity AUM to GDP Ratio – India Lakh Cr.) V/S Other Economies)* 83.5 8
Slide 32: Huge Market Potential
ANANDRATHI HugeMarket Huge MarketPotential Potential Private Wealth. uncomplicated Strong macro-economic trends and a growing HNI families expected to drive growth in the Indian wealth Increasing HNI population in India solutions space INDIAN MARKET CAP EQUITY MUTUAL FUND NO OF HNIs INDIVIDUAL TAX-P
Slide 33: Financial Assets of Indian Households
ANANDRATHI FinancialAssets Financial Assetsof of Indian Indian Households Households Private Wealth. uncomplicated Total Equity Mutual Direct Small PF and Govt. Financial Mutual Deposits Funds - Insurance Currency Equity Savings Pension Securities assets Funds Others Rs. Lakh Crores 7.9 3.2 59.9 6.1
Slide 34: Flow of Annual Household Financial Savings
ANANDRATHI Flowof Flow ofAnnual AnnualHousehold Household Financial Financial Savings Savings Private Wealth. uncomplicated Gross Investments Non- Financial Bank Small PF and Govt. Trade Mutual Funds (includes Banking Insurance Currency Savings (Rs. Deposits Savings Pension Securities Debt(Net) equi
Slide 35: Digital Businesses
04 Digital Businesses
Slide 36: Digital Wealth: Scaling Up With The Use of Technology
ANANDRATHI DigitalWealth: Digital Wealth:Scaling ScalingUpUp With With TheThe Use Use of Technology of Technology Private Wealth. uncomplicated Customer Segment: Mass Affluent having existing financial assets: ₹10 lakhs – ₹5 Crores. Asset Under Management Number of Clients 2,526 7,320 6,284 2,055 Ju
Slide 37: OFA – Leveraging Technology To Cater To The Retail Segment
ANANDRATHI OFA –- Leveraging OFA LeveragingTechnology TechnologyTo To Cater Cater To The To The RetailRetail Segment Segment Private Wealth. uncomplicated Key Functionalities : Subscription Model, MFD and his Clients get access to our platform. (MFD/IFAs – Web + Mobile, MFD’s Clients – Mobile) MFDs/
Slide 38: Annexures
05 Annexures
Slide 39: Historical Trends
HistoricalTrends Trends ANANDRATHI Historical Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Total Revenue Profit After Tax Asset Under Management 23% CAGR 31% CAGR 26% CAGR 93,037 1,198 386 284 18,393 59 FY19 FY26 FY19 FY26 FY19 FY26 FY26 results exclude fair value gai
Slide 40: Consolidated Profit & Loss Account Summary
ConsolidatedProfit Profit & Loss Account Summary ANANDRATHI Consolidated & Loss Account Summary Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Particulars Q1 FY26 Q1 FY27 Y/Y % FY25 FY26 Y/Y % MF – Equity & Debt 113.1 131.5 16.4% 406.4 494.1 21.6% Other financial produc
Slide 41: Consolidated Balance Sheet
ConsolidatedBalance Balance Sheet ANANDRATHI Consolidated Sheet As As on 31st on 31st March,2026 March,2026 Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Assets Mar-25 Mar-26 Equity & Liabilities Mar-25 Mar-26 Total Equity Non - Current Assets Share capital 41.5 41.5 P
Slide 42: Historical Profit & Loss Account Summary
HistoricalProfit Profit & Loss Account Summary ANANDRATHI Historical & Loss Account Summary Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Particulars (Rs. Cr) FY21 FY22 FY23 FY24 FY25 FY26 MF – Equity & Debt 90.2 154.0 189.9 266.6 406.4 494.1 Other financial products 1
Slide 43: Historical Balance Sheet
HistoricalBalance Balance Sheet ANANDRATHI Historical Sheet Private Wealth. uncomplicated Consolidated Financial Highlights · Rs. Crores Assets (Rs. Cr) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Equity & Liabilities (Rs. Cr) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Non - Current Assets Total Equity
Slide 44: Safe Harbor
SAFEHARBOR HARBOR ANANDRATHI SAFE Private Wealth. uncomplicated This presentation and the accompanying slides (the “Presentation”), which have been prepared by Anand Rathi Wealth Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendati
Slide 45: Thank You
.THI ANANDRAmplicated Privale Weollh . unco • ------ . . Thank T h a n k You You • • For further information, please contact our Investor Relations team. Mr. Rajesh Bhutara Mr. Vishal Sanghavi Chief Financial Officer Head – Investor Relations rajeshbhutra@rathi.com vishalsanghavi@rathi.com +91 98920