1. Opening Hook
Q3 started with a profit milestone and an emotional gut punch. One hand popped champagne for ₹100+ crore PAT; the other wiped tears remembering Chethan Shenoy. Markets were volatile, SEBI keeps “fixing” advisory rules, and yet Anand Rathi Wealth calmly delivered its 17th straight quarter of 20%+ PAT growth. Because why not?
Management mixed grief, philosophy, and brutal honesty in one call—mourning a core leader, rejecting advisory FOMO, and subtly hinting that ₹4,000 might again trigger boardroom math. If you came here for just numbers, you’ll stay for the culture sermon. And if you came for culture, wait till you hear why they think advisory models are structurally dishonest.
Read on. It only gets more opinionated—and more interesting.
2. At a Glance
- Revenue up 25% YoY – ₹306 Cr, no “one-time magic,” just relentless compounding.
- PAT up 30% YoY – Crossed ₹100 Cr for the first time; milestone unlocked 🎯
- 9M PAT ₹294 Cr – Already 78% of full-year guidance, but management refuses to upgrade.
- AUM ₹99,008 Cr – One breath away from ₹1 lakh crore, markets permitting.
- ROE 47.3% – Capital efficiency doing bhangra while peers debate fee models.
3. Management’s Key Commentary (with translations)
“We lost Chethan Shenoy… a very damaging blow.”
(Translation: Culture > KPIs. This wasn’t a token condolence. 😔)
“This is our 17th quarter of 20%+ YoY PAT growth.”
(Translation: Consistency is our flex, not luck. 😏)
“A company cannot do advisory and distribution honestly.”
(Translation: Everyone
