Angel One: Maintains Strong Q4 FY26 Growth, With Orders Up 31.6% YoY And Client Funding Up 45% YoY
Angel One delivered impressive Q4 FY26 results with orders growing 31.6% YoY to 430.66 million and client funding book expanding 45% to ₹58.49 billion. The discount brokerage firm's client base reached 37.39 million in March 2026, representing 20.5% YoY growth, while achieving significant gains in trading volumes and market share across F&O and commodity segments.

*this image is generated using AI for illustrative purposes only.
Angel One Limited has delivered impressive business performance across March 2026, Q4 FY26, and FY26, showcasing substantial growth in client acquisition, trading volumes, and market share expansion. The discount brokerage firm reported these key business parameters in compliance with SEBI regulations, highlighting strong operational momentum and market positioning.
Q4 FY26 Quarterly Performance Highlights
The fourth quarter of FY26 demonstrated sustained business momentum with significant improvements in key operational metrics. The company processed 430.66 million orders during the quarter, achieving 31.6% year-on-year growth from 327.32 million orders in Q4 FY25. Client acquisition remained strong with 1.82 million gross additions during the quarter, representing a 12.7% year-on-year increase and 4.4% quarter-on-quarter growth.
| Parameter: | Q4 FY26 | Q4 FY25 | YoY Growth |
|---|---|---|---|
| Gross Client Acquisition (Mn) | 1.82 | 1.62 | 12.7% |
| Number of Orders (Mn) | 430.66 | 327.32 | 31.6% |
| Average Daily Orders (Mn) | 7.18 | 5.28 | 36.0% |
| Avg Client Funding Book (₹ Bn) | 58.49 | 40.33 | 45.0% |
March 2026 Performance Metrics
The company demonstrated robust growth metrics in March 2026, with several key performance indicators showing significant year-on-year improvements. The client base reached 37.39 million, representing a strong 20.5% growth from 31.02 million in March 2025, while maintaining steady month-on-month expansion of 1.3% from February 2026.
| Metric: | Mar '26 | Mar '25 | YoY Growth |
|---|---|---|---|
| Client Base (Mn) | 37.39 | 31.02 | 20.5% |
| Average Daily Orders (Mn) | 7.37 | 5.37 | 37.1% |
| Overall ADTO (₹ Bn) | 49,957 | 36,383 | 37.3% |
| F&O ADTO (₹ Bn) | 48,032 | 35,644 | 34.8% |
| Commodity ADTO (₹ Bn) | 1,855 | 673 | 175.5% |
Trading Volume and Market Share Performance
Angel One's trading volumes showed remarkable growth across multiple segments in March 2026. The company processed 139.98 million orders during the month, achieving 37.1% year-on-year growth despite having the same number of trading days as the previous year. Average daily turnover based on notional turnover reached ₹49,957 billion, marking a 37.3% increase from March 2025.
The company maintained its dominant position in commodity trading with a 57.2% market share, while strengthening its presence in equity markets. F&O market share based on option premium turnover stood at 21.6%, representing a 68 basis points improvement year-on-year.
Annual FY26 Performance Overview
For the full financial year FY26, Angel One achieved notable growth in several key areas while experiencing some moderation in others. The client base grew 20.5% to 37.39 million, while the average client funding book expanded significantly by 45.3% to ₹53.05 billion, demonstrating increased client engagement and higher per-client revenue potential.
| Annual Metric: | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Client Base (Mn) | 37.39 | 31.02 | 20.5% |
| Avg Client Funding Book (₹ Bn) | 53.05 | 36.51 | 45.3% |
| Overall ADTO (₹ Bn) | 48,180 | 40,350 | 19.4% |
| Commodity ADTO (₹ Bn) | 1,337 | 602 | 121.9% |
| Overall Equity Market Share | 20.2% | 19.5% | 75 bps |
Business Momentum and Market Position
The company reported that business momentum improved during Q4 FY26, with average daily orders reaching a 17-month high and surpassing the FY25 average. This performance was supported by strong client activity that contributed to market share gains, including notable improvements in the commodities segment. However, the company noted that a softer macro environment and geopolitical tensions led to some moderation in the client funding book and cash market share during certain periods.
Angel One's mutual fund SIP registrations showed steady growth with 8,753.08 thousand unique SIPs registered during FY26, representing a 9.8% increase from the previous year. This diversification into wealth management products demonstrates the company's strategy to expand beyond traditional brokerage services and capture a larger share of client wallet.
Historical Stock Returns for Angel One
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.74% | +17.62% | +21.89% | +18.92% | +25.61% | +804.73% |
How will Angel One's dominant 57.2% commodity market share position the company if SEBI introduces new regulations for derivatives trading?
What impact could rising interest rates have on Angel One's significantly expanded client funding book of ₹53.05 billion?
Will Angel One's 9.8% growth in mutual fund SIP registrations help offset potential revenue volatility from trading segments during market downturns?





























