• Quarterly growth: Revenue grew 20% year on year and PAT increased 50%. Management said growth was recorded across broking, distribution and MTF.
• Diversified business: Distribution AUM grew around 29% year on year, while the MTF book grew 38%. Management said it is expanding non-broking income to reduce dependence on broking.
• MTF target: The MTF book was around ₹1,499 crore, and management said it had reached ₹1,500 crore. The FY 27 guidance remains ₹1,750 crore to ₹1,800 crore.
• Funding and guidance: Despite RBI-related changes to banks’ capital-market exposure limits, the company arranged additional funds while maintaining a healthy debt-to-equity ratio. Management intends to stick to its guidance and improve on it through delivery.