ARSSBL / Q2-FY26 / claim-ledger

Audit the questions that mattered.

Anand Rathi Share and Stock Brokers · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY26 · 2025-10-30Back to quarter ↗

Questions audited

Answered directly

81%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Daka Pinglay · Research desk

direct

Expected mix between broking and non-broking business going forward.

we have been trying to reach to revenue ratio between broking and non-broking to be seen at 6040 over a period of time but very clearly in next two years by 2027 we are trying to achieve 50/50.

Daka Pinglay · Research desk

direct

How do you see the MTF business growing?

March end number was 685 cr which has already reached 1,085 cr by this September end and our idea is to reach almost 1500 kind of number by this financial year end into MTF side.

Swarn Mukharji · BNK Securities

direct

How much can MTF book scale up from current level with capital raise?

we are ending by this year end as being mentioned earlier planning to reach somewhere around 1,500 cr book by March 26.

Swarn Mukharji · BNK Securities

direct

What does other operating income comprise of?

This is largely interest on various fixed deposit which are being placed to the stock exchange for getting bank guarantee... and slightly other smaller revenue.

Swarn Mukharji · BNK Securities

direct

What is the headroom to scale MTF book without further borrowings?

our capital base was around 550 CR and currently with this addition it's already 1200 CR... our debt equity ratio is just 0.92 so we have further available in terms of borrowing and we already have limits available currently approximately 300 CR.

Swarn Mukharji · BNK Securities

direct

Is fixed deposit income from own money or customer money?

FDR side one side out of our own funds also the FD is there which is there currently to the tune of around 400 cr and balance money is there from the client's.

Vakar Pingle · eny

partial

Strategy for insurance broking business and how it fits 50/50 mix.

we are trying to address almost all investment need of a customer... insurance is also one of a larger part... trying to give our customers health plan as well as certain amount of term plan.

Vakar Pingle · eny

evasive

How do you plan to grow market share vs large players?

we are not really looking at to create a large market share in the marketplace because our philosophies are how we can expand and increase base of a specific customer which has already been acquired by us.