Anand Rathi Wealth LimitedQ1 FY27 Results & Financial Update
Anand Rathi Wealth Limited: Q1 FY27 consolidated results and company financials – revenue ₹206.20 Cr, PAT ₹163.30 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Anand Rathi Wealth Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Anand Rathi Wealth Limited delivered robust financial and operational progress for the first quarter of fiscal year 2027, crossing significant scale milestones across assets under management, client reach, and profitability.
Total Assets Under Management (AUM) reached Rs 1,06,300 crore as of June 30, 2026, marking a 21.1% increase compared to the corresponding period of the previous year.
The private wealth segment continued to expand its reach, supporting 13,941 active client families backed by a team of 417 relationship managers, resulting in an average AUM of Rs 249 crore per relationship manager.
Profit after tax for the quarter grew strongly compared to the previous year, supported by higher revenue from operations and robust asset inflows across equity mutual funds and structured products.
Monthly Systematic Investment Plan (SIP) inflows scaled up to Rs 94 crore by June 2026, reflecting sustained retail and HNI participation in disciplined wealth creation channels.
The company maintained a strong focus on high-net-worth segments, with clients increasingly migrating into higher AUM brackets as a result of wallet share growth and portfolio appreciation.
Employee benefits and operational expenses grew in tandem with business expansion, supporting capability-building programs and talent retention across offices in India and international hubs like Dubai and the United Kingdom.
01 · Business model
What does Anand Rathi Wealth do?
Anand Rathi Wealth Limited operates as a specialized private wealth management company, offering holistic wealth solutions, asset allocation, distribution of financial products, and advisory services to high-net-worth and ultra-high-net-worth individuals.
The company generates its revenues primarily through distribution commissions and fees across mutual funds, structured products, and other financial offerings, supported by IT-enabled services and investments.
Its business model revolves around relationship-driven private wealth services where dedicated relationship managers cater to selected client families, aiming for long-term wallet share expansion and consistent advisory relationships.
02 · Historical context
What shaped the business before this quarter
The company started its journey in 2002 as a mutual fund distributor before launching its dedicated private wealth business in 2007 under the leadership of CEO Rakesh Rawal.
Structured products were introduced in 2012 following the joining of Joint CEO Feroze Azeez, broadening the platform's offering beyond traditional mutual funds.
The company crossed milestone AUM thresholds progressively, reaching Rs 5,000 crores in 2015, Rs 10,000 crores in 2019, Rs 50,000 crores in 2024, and crossing Rs 1,00,000 crores.
The company completed its initial public offering and listed on BSE and NSE in 2021, when its AUM crossed Rs 25,000 crores.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹206.20 Cr | ₹126.22 Cr | ₹321.56 Cr |
| Total income | ₹206.20 Cr | ₹126.22 Cr | ₹321.56 Cr |
| Profit before tax | ₹218.71 Cr | ₹129.21 Cr | — |
| Profit after tax | ₹163.30 Cr | ₹97.15 Cr | — |
| EPS | ₹38.92 | ₹23.21 | — |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Equity and debt mutual fund distribution remained a core revenue engine, backed by Rs 59,919 crore of equity and debt MF AUM as of June 2026.
Structured products contributed significantly to advisory fee pools, with associated AUM growing to Rs 28,362 crore.
Revenue growth was propelled by capturing a larger share of assets from existing client families and onboarding new high-net-worth client accounts.
What drove margins
Employee costs increased to support business expansion, hiring of relationship managers, and talent retention structures.
Scaling AUM per relationship manager to Rs 249 crore helped drive operational efficiencies and support strong PAT margins.
05 · Demand, customers & order book
Where demand is coming from
Active client families grew to 13,941 in Q1FY27 from 12,330 in Q1FY26.
Clients with a vintage of over 3 years accounted for 82% of total AUM, while client attrition by AUM lost remained minimal at 0.09%.
The platform served 1,635 NRI client families distributed across global locations including Dubai, the UK, Singapore, and the United States.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
As of June 2026, total AUM comprised 52% in Equity Mutual Funds, 27% in Structured Products, 4% in Debt Mutual Funds, and 17% in other asset classes.
The digital wealth platform catering to mass affluent clients with assets between Rs 10 lakhs and Rs 5 crores expanded its AUM to Rs 2,526 crore with 7,320 clients.
The technology platform supporting independent financial advisors and mutual fund distributors reached 6,890 MFDs/IFAs with platform assets of Rs 1,65,561 crore.
Geography and market mix
The private wealth business maintained operations across multiple Indian cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune, Kolkata, and others.
International operations catered to non-resident Indian clients with hubs established in Dubai and the United Kingdom.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The number of relationship managers increased to 417 in Q1FY27 compared to 382 in Q1FY26, with regret RM attrition standing at zero for the quarter.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The company delivered over 6,500 person-hours of structured capability-building programs for its team during Q1FY27.
09 · Reported developments
What changed operationally
Total AUM crossed Rs 1,06,300 crore, reflecting robust organic inflows and market performance.
Zero regret RM attrition was recorded during Q1FY27, underlining high team stability and consistent incentive structures.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Bonus Share History
The company noted a bonus share history featuring ratios of 32:1 in FY17, 1:2 in FY22, 1:1 in FY25, and a planned 1:1 bonus issue in FY27.
11 · Key Q&A
The quarter, answered directly
What does Anand Rathi Wealth do?
Anand Rathi Wealth Limited operates as a specialized private wealth management company, offering holistic wealth solutions, asset allocation, distribution of financial products, and advisory services to high-net-worth and ultra-high-net-worth individuals.
What is the clearest takeaway from Q1 FY27?
Anand Rathi Wealth Limited delivered robust financial and operational progress for the first quarter of fiscal year 2027, crossing significant scale milestones across assets under management, client reach, and profitability.
What drove revenue or demand?
Equity and debt mutual fund distribution remained a core revenue engine, backed by Rs 59,919 crore of equity and debt MF AUM as of June 2026.
What mattered most for margins or profitability?
Employee costs increased to support business expansion, hiring of relationship managers, and talent retention structures.
What changed operationally beyond the headline numbers?
The number of relationship managers increased to 417 in Q1FY27 compared to 382 in Q1FY26, with regret RM attrition standing at zero for the quarter.
What should the next disclosure help confirm?
Track the trajectory of total AUM toward the targeted Rs 1,20,000 crore milestone for FY27.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
AUM Scale Milestones: Track the trajectory of total AUM toward the targeted Rs 1,20,000 crore milestone for FY27.
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