Interest and depreciation temper ARSSBL's Q2FY27 operating profit
The 36.55% margin sits below the 37.16% Q1FY26 trend point, while other income contributed only Rs 0.25 cr.
Filed 13 Oct 2026, 16:51 IST · after market close · Anand Rathi Share & Stock Brokers Ltd (ARSSBL)
Key takeaways
- Consolidated net profit was Rs 41.94 cr, with operating margin at 36.55%.
- Interest of Rs 37.87 cr absorbed a large part of operating profit of Rs 99.86 cr.
- Operating margin was below the 37.16% recorded in Q1FY26, indicating it has not regained that earlier level.
Price around the results
Profit conversion was shaped by interest expense
The consolidated operating profit of Rs 99.86 cr was reduced to pre-tax profit of Rs 56.15 cr after interest of Rs 37.87 cr and depreciation of Rs 6.08 cr. Other income was only Rs 0.25 cr, so reported pre-tax profit was not materially supported by non-operating income. Tax at 25.31% further reduced profit to Rs 41.94 cr.
Operating margin remains below the earlier trend point
Operating margin was 36.55%, below the 37.16% recorded in Q1FY26. The available trend therefore points to a lower margin than that earlier quarter, although the results do not provide a sequential or year-on-year driver split explaining the change.
Results were filed after market close
Anand Rathi Share & Stock Brokers filed these consolidated results after market close on 13 October 2026. The reported quarter shows profit generation despite the sizeable interest charge, but there is no market reaction to assess yet.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹273 cr |
| Other income | ₹0 cr |
| Expenses | ₹173 cr |
| Operating profit | ₹100 cr |
| Operating margin (%) | 36.55% |
| Interest | ₹38 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹56 cr |
| Tax | ₹14 cr |
| Net profit | ₹42 cr |
| EPS (₹) | ₹6.65 |
What to watch
- Whether operating margin moves back above the 37.16% recorded in Q1FY26.
- Whether interest remains contained relative to operating profit of Rs 99.86 cr.
- Whether the tax rate stays close to 25.31%.