Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 total AUM ₹9 lakh crores, +31% y-y; ARR AUM ₹3.53 lakh crores, +19.7% y-y - Revenue ₹896 crores, +17.5% y-y; ARR revenue ₹706 crores, +27.5% y-y; total revenue ₹853 crores, +4.8% y-y - Operating PBT ₹434 crores, +19.7% y-y; PAT ₹302 crores vs ₹316 crores in Q2 FY26 - Wealth business ARR AUM ₹2.53 lakh crores, +24.3% y-y; ARR revenue ₹503 crores, +40.5% y-y; operating PBT ₹326 crores, +30.2% y-y - Asset management ARR AUM ₹1 lakh crores, +9.4% y-y; net flows ₹1,492 crores; operating PBT ₹108 crores - UBS collaboration targeting $600m+ flows FY27; $300m flows done by Q2 - Cost-to-income ratio improved to 51.5%; aiming for 48% by Q4 FY27 - Carry income impacted by NSE listing; mark-to-market losses on treasury investments - Tangible ROE 16.9%; target 20%+ ROE over 3-3.5 years with profit doubling - Competitive landscape stable; focus on people, product, platform integration - Strong client retention; 1/3 net flows from new clients, 2/3 from existing; wallet share growth emphasized