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Informist, Thursday, Jul. 9, 2026

By Simran Rede

MUMBAI – Anand Rathi Wealth Ltd. began the financial year on a positive note with robust growth in net profit for the June quarter. This was largely on the back of double-digit growth in the company's revenue from operations for the reporting quarter, although its total expenses grew at a faster pace than revenue.

The wealth management company recorded a rise of 74% on year in its bottom line to INR 1.63 billion for the June quarter, with an increase of over 17% in sales to INR 3.22 billion. The company missed analyst expectations for both net profit and revenue. Motilal Oswal Financial Services had estimated the company's net profit to grow 25% on year to INR 1.17 billion and revenue to rise 23% on year to INR 3.37 billion.

The total expenses for the quarter rose 43% on year to INR 2.26 billion. This was driven by an increase of over 53% in employee costs to INR 1.76 billion. This expense accounted for 78% of the total expenses. Cost towards depreciation and amortisation rose over 19% on year to INR 91.50 million. The company's finance costs fell more than 10% on year to INR 35.78 million. Its other expenses increased 18% on year to INR 371.65 million.

Anand Rathi Wealth plans to seek approval from the Securities and Exchange Board of India to act as the sponsor of a mutual fund. The company is also looking to set up an asset management company and a trustee company to establish the mutual fund structure, it said in a release along with the earnings.

As on Jun. 30, the company's assets under management grew 21% on year to INR 1.06 trillion. Its mutual fund distribution revenue increased by 16% on year to INR 1.32 billion. The company saw net inflows of INR 27.43 billion despite volatile market conditions, as per the press release.

So far, the active client families of the company's private wealth business grew 13% on year and 4% on quarter to 13,941 and its relationship managers increased by 35 on year to 417. The client attrition, measured by assets under management lost, remained at 0.1%, the company said.

Its digital wealth operations' asset under management rose 23% on year to INR 25.26 billion. The subscriber base of Omni Financial Advisor, Anand Rathi Wealth's subsidiary company, grew to 6,890, up 4% on year but down 0.2% on quarter. The company also said its UK subsidiary has begun operations.

The company aims to record a revenue of INR 14.15 billion in 2026-27 (Apr-Mar), of which the company has achieved 24% so far. It has projected a net profit of INR 4.60 billion in FY27. The company has reached 25% of its net profit target in the June quarter. It aims to achieve INR 1.20 trillion of assets under management, of which INR 1.06 trillion was reported as on Jun. 30.  End

Edited by Himanshi Gupta

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