Anand Rathi Share And Stock Brokers Limited · NSE:ARSSBL
Anand Rathi Share And Stock Brokers — Q2 FY26 Earnings Presentation
20 slides from Anand Rathi Share And Stock Brokers's earnings presentation, Oct 19, 2025
Slide 1: Submission of Investor Presentation cover letter to exchanges
October 19, 2025 To, To, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai - 400051 Scrip Code: 544530 Symbol: ARSSBL Dear Sir/ Madam, Subject: ~ Submission of Inve
Slide 2: Key Financial & Operational Updates Q2 and H1FY26
Anand Rathi Shares & Stock Brokers Limited | ANANDRATHI Key Financial & Operational Updates Q2 and H1FY26
Slide 3: [ANANDRATHI]
This presentation and the accompanying slides (the “Presentation”), which has been prepared by Anand Rathi Share and Stock Brokers Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Update on Business Performance
Update on Business Performance ANANDRATHI
Slide 5: Q2FY26 Performance Snapshot
Q2FY26 Performance Snapshot Total Revenue from Operations EBITDA MTF Book X227.20 Cr 92.65 Cr X27.90 Cr %1,084.51 Cr 13.0%1M QoQ 24.0%1M QoQ 22.3%1N QoQ 25.9% 1M QoQ Assets under Custody Assets under Distribution # of Active Clients Debt Equity Ratio %101,960.72 Cr X7,736.42Cr 149,849 clients 0.93 9
Slide 6: Revenue Bifurcation | Diversifying & Derisking our Business Model
Revenue Bifurcation | Diversifying & Derisking our Business Model Segmental split of Revenue from Operations Steady increase in share of Non-Broking segment vis-a-vis Broking segment Rs. Cr. %230.5Cr % 227.2Cr ¥201.1Cr { } Our Revenue Mix as of Sep 30, 2025 { } Interest on Margin Trading Facility 16
Slide 7: Broking Segment | Active Clients and Contribution in Equity Cash Segment
Broking Segment | Active Clients and their Contribution in the Equity Cash Segment No. of Active Clients - Broking Total Brokerage Income Rs. Cr. 99,383 95,890 92,326 gg 508 77,220 73,546 Q2FY25 Q1FY26 Q2FY26 Segment-wise Split of Brokerage Income Q2FY25 Q1FY26 Q2FY26 3127 Cr 392Cr 395Cr m Active Cl
Slide 8: Broking Segment | Measured and calibrated increase in AUC
Broking Segment | Measured and calibrated increase in AUC in line with strategy Our Assets under Custody has been steadily rising... ...in line with our growing clientele pmomsoeneny Rs. Cr. Total Clients = Active Clients | 390% N ““““““ 928,983 957,265 101,961 %N 93,126 O : 149,849 73,374 139,955 Q
Slide 9: Broking Segment | Attractive client demographic
Broking Segment | In an attractive client demographic matched with Enduring relationships: Loyalty as a Competitive Edge Mature Client-base: Unlocking Premium Potential ~57% of our clientele has <30 years 7 been with us for over 3 years w 30-44 years m 45-60 years Up to 1year 17% m>60 years >60 year
Slide 10: Broking Segment | Pan-India presence through branches and franchisees
Broking Segment | Pan-India presence through a mix of own branches and franchisees Present in States with >1city e Clients hail from Tier 2/3 ci Mimachalpradesh | ™ Presentin States with 1city Jammu & Kashmir > 2cities 2 dities States where ARIs not present Uttarakhand 0.30% — Tier 1 Cities. Punjab
Slide 11: Relationship-based broking: A cornerstone of our strategy
Relationship-based broking: A cornerstone of our strategy served by a strong network of touchpoints %\f\ —0 own Authorized Relationship Online & Digital . . Branches Persons Managers Platform Retail High Net Worth Ultra-high net Institutions & Individuals worth individuals 92 Branches Dedicated RMs=
Slide 12: Margin Trade Facility Segment | Building a Core Growth Engine
Margin Trade Facility Segment | Building a Core Growth Engine Increase in Margin Trade Book ~———— No. of MTE — Interest on MTF Book Rs. Cr. Clients™ Rs. Cr. Tt Q2FY26 31,085 8,148 Q1FY26 T861 | 41% AN 7,521 Q2FY25 XN 4] 7,330 Outstanding amount « A well-diversified in MTF Book book that mitigates co
Slide 13: Distribution Income | Steady increase in AUM across product categories
Distribution Income | A steady and sustained increase in AUM across product categories Total Assets under Distribution Income from Distribution Rs. Cr. - Rs. Cr. 32 %6,776.2 X7,534.1 X7,736.4 20.6% 25.4% 25.2% 21 l l l | Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 m Mutual Funds PMS & AIF
Slide 14: Q2 & H1FY26 Financial Updates
Q2 & H1FY26 Financial Updates ANANDRATHI
Slide 15: Headline Financial Information - Key Trends
Headline Financial Information - Key Trends Summary Financial Overview | Q2FY26 Summary Financial Overview | H1IFY26 Particulars (X Cr.) Q2FY26 Q1FY26 Particulars (X Cr.) H1FY26 H1FY25 Rev. from Operations 227.2 201.1 13.0% Rev. from Operations 428.3 (3.0%) EBITDA Margin 40.8% 37.2% 361 bps EBITDA M
Slide 16: Consolidated Profit & Loss Account | Q2FY26
Consolidated Profit & Loss Account | Q2FY26 Par Q2FY26 Q1FY26 % Q2FY25 REVENUE: Fees and Commission Income 130 116 12% 150 (14%) InterestIncome 97 85 15% 80 22% Otherlncome 1 1 1 Total Revenue 228 202 13% 231 (1%) EXPENSES: Finance Costs 50 38 30% 35 41% Fees and Commission Expense 24 26 (6%) 38 (36
Slide 17: Consolidated Profit & Loss Account | H1FY26
Consolidated Profit & Loss Account | HIFY26 Particulars (Rs. Crore) H1FY26 H1FY25 H2FY25 H;ZYF‘Z{Z;’S FY25 REVENUE: Fees and Commission Income 246 291 (16%) 233 6% 524 InterestIncome 182 150 21% 17 6% 321 Otherlncome 2 1 1 2 Total Revenue 430 442 (3%) 405 6% 847 EXPENSES: Finance Costs 88 65 36% 82
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Crore) As onSep 30,2025 As on Mar 31, 2025 Particulars (Rs. Crore) As onSep 30,2025 As on Mar 31, 2025 ASSETS LIABILITIES Financial Assets Financial Liabilities Cash and cash equivalents 79 38 Trade payables 2,554 1,856 Bank balances 3,351 2,196 Debt Secur
Slide 19: Thank You
Thank You
Slide 20: For further information, please contact
For further information, please contact For ANAND RATHI SHARE AND STOCK BROKERS LIMITED For ERNST & YOUNG LLP Mr Ronak Damania Vice President - Finance & Accounts Mr Cyril Paul/ Ms Saloni Soni E-Mail: ronakdamania@rathi.com E—mal.l:c r.|l. gul in.ey.com/ saloni.soni2@in.ey.com M: +91 98692 20861 D+
Anand Rathi Share and Stock Brokers — Q2 FY26 Earnings Presentation on 6ix