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Stay 'Neutral' On Anand Rathi Wealth Stock Maintains Motilal Oswal Post Q2 Results; Sees 11% Downside

Anand Rathi Wealth recorded its 16th consecutive quarter of consistent, market-agnostic performance, adds the brokerage.

<div class="paragraphs"><p>Anand Rathi Wealth's operating expenses rose 16% YoY and 9% QoQ to Rs 1.6 billion, driven by 14%/21% YoY increase in employee/other expenses. (Source: Vijay Sartape/NDTV Profit)</p></div>
Anand Rathi Wealth's operating expenses rose 16% YoY and 9% QoQ to Rs 1.6 billion, driven by 14%/21% YoY increase in employee/other expenses. (Source: Vijay Sartape/NDTV Profit)
Anand Rathi Wealth reported operating revenue of ~Rs 3 billion in Q2 FY26 (in line), up 23% YoY/9% QoQ, primarily driven by 28% YoY growth in revenue from the distribution of financial products and 16% YoY growth in MF revenue. For H1 FY26, it grew 19% YoY to Rs 5.7 billion.
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