Anand Rathi Wealth Q4: Profit Growth, Margins Under Pressure

Key Highlights • Revenue: ₹288 Cr (↑29.6% YoY) • Net Profit: ₹103 Cr (↑40.3% YoY) • EBITDA: ₹84.7 Cr (↓6.7% YoY) • EBITDA Margin: 29.4% (vs 40.9% YoY) Corporate Actions • Final dividend of ₹7 per share approved • Bonus issue in 1:1 ratio announced What Stands Out • Strong topline and profit growth • Significant margin contraction (>1,000 bps YoY) • Earnings growth driven despite operating pressure Why It Matters While growth remains strong, sharp margin decline indicates rising costs or business mix changes, which needs monitoring. Learning Outcome High revenue growth does not always translate to margin expansion. Investors should track profitability metrics alongside growth to assess business quality.