Integrated Filing — IndAS



General information about company

Scrip Code 544530
NSE Symbol ARSSBL
MSEI Symbol NOTLISTED
ISIN INE549H01021
Name of company Anand Rathi Share and Stock Brokers Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 18-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Broking and related services
Start date and time of board meeting 18-10-2025   09:30:00
End date and time of board meeting 18-10-2025   11:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 22,720.19 42,830.83
Other income 129.68 185.00
Total income 22,849.87 43,015.83
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 7,090.66 14,027.65
(e) Finance costs 4,990.07 8,824.57
(f) Depreciation, depletion and amortisation expense 651.03 1,295.75
(f) Other Expenses
1 Fees and commission expense 2,439.48 5,030.43
2 Impairment on financial instruments (20.87) 44.75
3 Other Expenses 3,946.18 6,989.51
Total other expenses 6,364.79 12,064.69
Total expenses 19,096.55 36,212.66
3 Total profit before exceptional items and tax 3,753.32 6,803.17
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,753.32 6,803.17
6 Tax expense
7 Current tax 937.82 1,705.92
8 Deferred tax 25.40 25.70
9 Total tax expenses 963.22 1,731.62
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,790.10 5,071.55
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,790.10 5,071.55
17 Other comprehensive income net of taxes 31.64 47.58
18 Total Comprehensive Income for the period 2,821.74 5,119.13
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2,821.74 5,119.13
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 3,136.26 3,136.26
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 6.27 11.4
Diluted earnings (loss) per share from continuing operations 6.05 11
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.27 11.4
Diluted earnings (loss) per share from continuing and discontinued operations 6.05 11
24 Debt equity ratio 93.00 93.00
25 Debt service coverage ratio 77.00 94.00
26 Interest service coverage ratio 176.00 178.00
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. Consolidated financial results cover the operations of Anand Rathi Share and Stock Brokers Limited (the Company), its subsidiary in Anand Rathi International Ventures (IFSC) Private Limited (the Parent and its subsidiary together referred to as 'the Group'). 2. These unaudited consolidated financial results have been prepared in accordance with the Indian Accounting Standard (referred to as Ind AS) 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. These unaudited consolidated financial results of Group for the quarter and half year ended September 30, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 18, 2025. The statutory auditors of the Company have carried out a limited review of the above unaudited consolidated financial results of the Company for the quarter and half year ended September 30, 2025 and have issued an unmodified conclusion. 3. The Company completed its Initial Public Offering ('IPO') of Rs. 74500.00 Lakhs through fresh issue of 1,80,10,692 equity Shares of face value of rs. 5 each at a premium of Rs. 409 per equity share i.e. an offer price of rs. 414 per equity share. Pursuant to the aforesaid allotment of equity shares, the issued, subscribed and paid- up capital of the Company stands increased to Rs. 3,136.26 lakhs (6,27,25,250 Equity shares of rs. 5 each) and securities premium stands increased to Rs. 91,275.21 lakhs. These equity shares were allotted on September 26, 2025 and listed on National Stock Exchange of India Limited and BSE Limited on September 30, 2025. The unutilized amount is Rs. 3,948.15 Lakhs out of the net IPO proceeds of Rs. 70,350 Lakhs. 4. The unaudited consolidated financial results of Group are also available on the Company's website, www.anandrathi.com and on the stock exchange website www.nseindia.com and www.bseindia.com. 5. During the half year ended September 30, 2025, the Company has granted 2,12,750 stock options and alloted 3,59,150 equity shares under Employee Stock Option Plan 2023 (Scheme 2023). 6. During the quarter ended June 30, 2025, the Company has granted 42,750 stock options under Employee Stock Option Plan 2023 (Scheme 2023). 7. The Company operates only in one Business Segment i.e. Broking and related services, hence it does not have any reportable Segments defined as per Ind-AS 108 Operating Segments. 8. Earnings per equity share ('EPS') reported in these unaudited financial results for the quarter and half year ended September 30, 2025, September 30, 2024 and for quarter ended June 30, 2025 are unannualised. 9. Property, Plant and Equipment includes Right of use assets of Rs. 2,848.78 Lakhs. 10. Investments includes current investment which are bonds and debentures. 11. In borrowings other than debt securities are current in nature i.e. debt securities are non current. 12. Deposits received by company are non current liabilities. 13. The previous period or year figures have been regrouped or reclassified wherever necessary to conform to current periods or years presentation



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio Better earnings by the Company as compared to finance cost.


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 7,047.19
Capital work-in-progress
Investment property
Goodwill 0.00
Other intangible assets 1,125.70
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
Total non-current financial assets 0.00
Deferred tax assets (net)
Other non-current assets
Total non-current assets 8,172.89
2 Current assets
Inventories 0.00
Current financial asset
Current investments 4,914.37
Trade receivables, current 35,618.37
Cash and cash equivalents 7,920.61
Bank balance other than cash and cash equivalents 3,35,136.32
Loans, current 1,08,450.91
Other current financial assets 10,864.79
Total current financial assets 5,02,905.37
Current tax assets (net) 613.91
Other current assets 3,347.12
Total current assets 5,06,866.40
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 5,15,039.29
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3,136.26
Other equity 1,27,149.25
Total equity attributable to owners of parent 1,30,285.51
Non controlling interest
Total equity 1,30,285.51
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 5,889.63
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 2,998.67
Total non-current financial liabilities 8,888.30
Provisions, non-current 0.00
Deferred tax liabilities (net) 168.65
Deferred government grants, Non-current
Other non-current liabilities 808.75
Total non-current liabilities 9,865.70
Current liabilities
Current financial liabilities
Borrowings, current 1,14,729.63
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 19.10
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,55,411.65
Total Trade payable 2,55,430.75
Other current financial liabilities
Total current financial liabilities 3,70,160.38
Other current liabilities 1,713.50
Provisions, current 3,014.20
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 3,74,888.08
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3,84,753.78
Total equity and liabilites 5,15,039.29
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) The Company operates only in one Business Segment i.e. Broking and related services, hence it does not have any reportable Segments defined as per Ind-AS 108 Operating Segments.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Defined Benefit Plan 19.36 36.99
Total Amount of items that will not be reclassified to profit and loss 19.36 36.99
2 Income tax relating to items that will not be reclassified to profit or loss 4.72 9.44
3 Amount of items that will be reclassified to profit and loss
1 Exchange difference on translation from functional currency to presentation currency 17.00 20.03
Total Amount of items that will be reclassified to profit and loss 17.00 20.03
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 31.64 47.58



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 6,803.17
Adjustments for reconcile profit (loss)
Adjustments for finance costs 8,325.31
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (10,283.09)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,846.85)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (2,412.27)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 69,832.67
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 309.59
Adjustments for increase (decrease) in other non-current liabilities (49.60)
Adjustments for depreciation and amortisation expense 1,295.75
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss (19.29)
Adjustments for provisions, current (1,076.14)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current (470.67)
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 8,393.23
Adjustments for share-based payments 272.73
Adjustments for fair value losses (gains) (63.20)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 120.87
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 55,542.58
Net cash flows from (used in) operations 62,345.75
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 2,409.36
Other inflows (outflows) of cash (39,899.57)
Net cash flows from (used in) operating activities 20,036.82
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 29.64
Purchase of property, plant and equipment 934.67
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 151.05
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 8,618.24
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,19,722.20)
Net cash flows from (used in) investing activities (1,12,160.04)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 74,517.97
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc (7,777.56)
Proceeds from borrowings 37,840.33
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 8,325.31
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 96,255.43
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 4,132.21
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 4,132.21
Cash and cash equivalents cash flow statement at beginning of period 3,768.37
Cash and cash equivalents cash flow statement at end of period 7,900.58