13-Oct-2026 08:48:09
ANAND RATHI WEALTH Q2 CONCALL : MAINTAINS 20–25% PAT GROWTH OUTLOOK, TARGETS ₹1.2 LAKH CR AUM
• Management remains confident of achieving FY27 revenue guidance of ₹1,415 Cr and PAT guidance of ₹460 Cr, having achieved 49% and 52% of respective targets in H1. • Reaffirms confidence in delivering 20–25% PAT growth, with no near-term concerns warranting a guidance downgrade. • FY27 AUM target maintained at ₹1.2 lakh crore, although management highlights sensitivity to market movements. • Targets net inflows of ₹6,000–8,000 Cr in H2 FY27. • Four growth drivers include market appreciation, higher wallet share from existing clients, better RM utilisation and expansion of relationship manager capacity. • Existing RM network has capacity to serve approximately 8,000 additional clients. • Management aims to maintain PBT margins above 40% and PAT margins above 30%. • Excess profitability may be reinvested into business expansion rather than maximising short-term operating leverage.
ANAND RATHI WEALTH LTD