Intimation for earnings call transcript

AI summary - Q2 FY27 consolidated revenue grew 18.9% y-y to ₹14.3bn; PAT rose 58.2% y-y to ₹3.35bn - Stand-alone operating margin at 48.9%, above guided 40-45% range; consolidated margin 45.1% - Average daily orders rebounded to 5.8 million in September, +12% from August - Client funding book reached ₹74.5bn, +40.5% y-y; funded clients up 30% to 437,000 - Credit distribution annualized run rate at ₹33bn, highest ever monthly credit in September - Ionic Wealth AUM at ₹160bn, +19.1% over Q1 FY27; asset management AUM near ₹6bn - Pilot launched for U.S. stocks via Global Access Provider license in IFSC - SEBI's CAS circular expected to boost market clarity and trading volumes - Distribution income grew on credit and IPO activity; new business EBITDA drag ~3.5-4% - Annual margin guidance maintained at ~45% with focus on growth and efficiency