Anand Rathi Wealth Q2 Results This Week: TCS, Anand Rathi Wealth and Other Stocks in Focus
India’s Q2 FY27 earnings season is starting to gather pace, and investors are preparing for a busy week of corporate results. TCS, Anand Rathi Wealth, GM Breweries, Poonawalla Fincorp and other companies are among the names attracting attention.
For traders, the focus will not only be on profit and revenue numbers. Management commentary, margins, business growth and the outlook for the coming quarters could decide how individual stocks react.
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Anand Rathi Wealth Q2 results have a high bar to clear
Anand Rathi Wealth enters the Q2 results season after a strong Q1 FY27.
The company reported revenue of Rs 432.27 crore and net profit of Rs 163.01 crore in the June 2026 quarter. Revenue increased 21.35% sequentially, while profit jumped 57.57% from Q4 FY26.
The year-ago comparison is also important. In Q2 FY26, Anand Rathi Wealth reported revenue of Rs 307.05 crore and profit of Rs 99.90 crore.
That makes the September quarter’s numbers particularly significant for investors.
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Key dates
- Q2 & H1 FY27 results: October 9, 2026. The board will consider the unaudited standalone and consolidated results and an interim dividend, if any.
- Earnings call: October 12, 2026, at 2:00 PM IST.
- Participants: CEO Rakesh Rawal, Joint CEO Feroze Azeez, Group CFO Jugal Mantri, CFO Rajesh Bhutara and Head of Investor Relations Vishal Sanghavi.
Anand Rathi Wealth: Recent Financial Performance Trend
| Quarter | Revenue / Total Income (₹ Cr) | Net Profit (₹ Cr) | Operating Margin |
|---|---|---|---|
| Q2 FY26 (Sep 2025) | 307.05 | 99.90 | 49.52% |
| Q3 FY26 (Dec 2025) | 305.73 | 100.19 | — |
| Q4 FY26 (Mar 2026) | 356.22 | 103.45 | — |
| Q1 FY27 (Jun 2026) | 432.27 | 163.01 | 67.99% |
The four-quarter sequence shows a clear acceleration in reported earnings, with revenue rising from ₹305.73 crore in Q3 FY26 to ₹356.22 crore in Q4 and ₹432.27 crore in Q1 FY27. Net profit also jumped from roughly ₹100 crore in Q2/Q3 FY26 to ₹103.45 crore in Q4 and ₹163.01 crore in Q1 FY27.
AUM, client flows and margins will be key for investors
Investors will closely track assets under management, net new money, client additions and fee-based income.
Anand Rathi Wealth’s AUM has crossed the Rs 1 lakh crore mark in recent quarters, making client flows an important indicator of future revenue growth.
Margins will also be closely watched. Operating margin stood at 67.99% in Q1 FY27, compared with 49.52% in the September 2025 quarter.
The sharp improvement means investors may look for evidence that the higher margin is sustainable rather than driven mainly by product mix or one-off factors.
Anand Rathi Wealth valuation raises the earnings stakes
The stock was trading at Rs 2,229.50 on September 8, close to its 52-week high of Rs 2,255.
Its valuation also remains a major consideration. The stock’s reported P/E was around 79 times, significantly above the sector P/E of about 19.5 times.
With such expectations already reflected in the share price, even a good Q2 result may not be enough if management commentary disappoints investors.
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TCS and other Q2 results will set the market tone
Anand Rathi Wealth is not the only company on the earnings radar. TCS, GM Breweries, Poonawalla Fincorp and Asset Reconstruction Company India, among others, are also part of the Q2 FY27 results calendar.
For investors, large-company results such as TCS can provide broader clues about corporate spending, technology demand and the health of the earnings cycle.
Meanwhile, results from financial and consumer-focused companies could give traders a clearer picture of credit demand, consumption and business activity.
What the Q2 results could mean for traders and investors
The biggest market reaction could come from the gap between reported earnings and investor expectations.
Strong revenue growth, healthy margins and positive management guidance could support stocks. On the other hand, weaker margins, slower growth or cautious commentary could trigger profit-taking, particularly in richly valued companies.
Investors should therefore look beyond the headline profit number and examine revenue growth, margins, cash flows, asset growth and management guidance.
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4 Key Focus Areas for Investors
1. Year-on-Year Growth Bar
The September 2025 quarter provides the key comparison base, with ₹307.05 crore in total income and ₹99.90 crore in reported PAT. Q1 FY27 subsequently delivered ₹432.26 crore in total income and ₹163.01 crore in PAT, putting the bar significantly higher for the September quarter.
Investors will therefore look beyond simple YoY growth and assess whether the company can sustain the strong sequential momentum seen in Q1 FY27.
2. Sustainability of Elevated Margins
The reported Q1 FY27 operating-profit margin was exceptionally strong, but the headline numbers need to be interpreted carefully because Q1 included a substantial contribution from other income. The company’s own adjusted presentation is more conservative: normalised revenue was ₹336 crore and normalised PAT was ₹116 crore, representing 18% and 24% YoY growth, respectively, after excluding specified fair-value, ESOP and related tax effects.
That makes the Q2 result particularly important: investors will want to determine whether the exceptional Q1 reported profitability reflects a sustainable improvement in the underlying business or a favourable mix of income.
3. AUM, Net Inflows and Market Levels
AUM crossed the ₹1 lakh crore milestone in Q1 FY27 and reached ₹1,06,300 crore, up 21% YoY. The company also reported ₹2,743 crore of net inflows during Q1.
For Q2, investors should separate:
- market appreciation, which can lift AUM without new client money;
- net inflows, which indicate underlying business momentum; and
- new client additions, which provide a longer-term growth signal.
This distinction matters because the company itself has said the AUM milestone was helped by positive equity-market movement, while Q1 also generated meaningful net inflows.
4. FY27 Growth Guidance vs. Valuation
Management’s stated FY27 targets are ₹1,415 crore of revenue, ₹460 crore of PAT and ₹1.20 lakh crore of AUM.
The October earnings discussion will therefore be important for determining whether management remains comfortable with those targets after the first half of FY27.
Rather than saying the company has formally guided to “~29% profit growth,” I would write “FY27 PAT guidance of ₹460 crore, implying roughly 19% growth over FY26 PAT of ₹385.7 crore.” The ~29% figure does not match the company’s stated PAT guidance when compared with FY26 reported PAT.
What investors should watch next
The October 9 Anand Rathi Wealth board meeting will be an immediate trigger, followed by the company’s October 12 earnings call.
The possible interim dividend could also attract attention.
For the wider market, the combination of TCS and other Q2 FY27 results could provide fresh signals on India’s corporate earnings outlook. With valuations elevated in several stocks, this earnings season could become an important test of whether current market expectations are justified.
