Q1 2026 Anand Rathi Wealth Ltd Earnings Call Transcript
Key Points
- Anand Rathi Wealth Ltd (BOM:543415) reported a 28% year-on-year growth in profits, reaching INR93.9 crores for Q1 FY26.
- The company's total Assets Under Management (AUM) grew by 27% to INR87,797 crores as of June 30, 2025.
- The equity mutual fund share increased to 54%, indicating a strong focus on equity investments.
- The company achieved a record net mobilization of INR3,825 crores in its flagship private wealth business.
- The digital business registered a growth of 19% year-on-year, reaching INR2,055 crores, with a significant increase in client numbers.
- The client admission rate remains low at 0.11%, which may indicate challenges in attracting new clients.
- Regret RM attrition was 2% for the quarter, suggesting some issues with retaining relationship managers.
- Operating expenses showed a divergence from revenue growth, raising questions about cost management.
- There was a notable decrease in employee expenses as a proportion of total revenues, which may impact employee incentives.
- The company's AUM increased by 9% quarter-on-quarter, but there was a previous decline in past quarters, indicating potential volatility in asset growth.
Ladies and gentlemen, good day, and welcome to Anand Rathi Wealth Limited Earnings Conference Call for quarter one of financial year 2025-26. (Operator Instructions) I now hand the conference over to Mr. Feroze Azeez, Joint Chief Executive Officer from Anand Rathi Wealth Limited. Thank you, and over to you, Mr. Feroze.
Thank you so much, Viko. Good afternoon, everyone. For joining, the quarter ended June 30, 2025. We today have with us the Group CFO Mr. Jugal Mantri; the Product and Research Head Mr. Chethan Shenoy; CFO, Mr. Rajesh Bhutara; and Head Investor Relation Mr. Vishal Sanghavi.
Let me give you a quick highlight of the company's performance. During Q1, FY26, our profits grew by 28% year on year, and they've reached about INR93.9 crores. The total AUM grew by about 27%, which takes us to INR87,797 crores as of June 30, and the equity mutual fund share has moved up to 54% as of June 2025. And we are about 14% away from the one lakh crore number.
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