Angel One Limited , a leading digital fintech company in India, has reported its Q1 results while continuing to expand its comprehensive financial services platform. The company is leveraging technology to enhance its position in various asset classes and develop annuity-driven wealth and asset management services.

Financial Performance

Angel One reported consolidated total net revenues of ₹8,913.00 million in Q1, showing a 7.3% growth quarter-on-quarter. The company's reported consolidated EBDAT (Earnings Before Depreciation, Amortization, and Tax) stood at ₹1,944.00 million, with an EBDAT margin of 21.8%. However, when adjusted for one-off expenses, the EBDAT reached ₹3,061.00 million, representing a 30.5% growth from the previous quarter and an adjusted EBDAT margin of 34.3%.

The reported consolidated Profit After Tax (PAT) for Q1 was ₹1,145.00 million. After adjusting for one-off expenses, the adjusted PAT stood at ₹1,922.00 million, showing a 26% growth quarter-on-quarter.

Business Highlights

Angel One's digital-first approach continues to drive growth across various segments:

• Client Base: The total client base expanded to 32.5 million, a 4.7% increase from the previous quarter.
• Market Share: The company maintained a 15.3% share in NSE active clients and a 19.7% share in overall retail equity turnover.
• Order Volume: The number of orders processed grew by 4.8% quarter-on-quarter to 343 million.
• Client Funding: The broking client funding book reached an all-time high of ₹48.00 billion.

Expansion in Non-Broking Services

Angel One is making significant strides in diversifying its revenue streams:

• Mutual Funds: Unique SIPs registered grew by 0.9% quarter-on-quarter to 1.9 million.
• Credit: Disbursal increased by 123.6% quarter-on-quarter to ₹2.30 billion.
• Wealth Management: AUM increased by 33.6% quarter-on-quarter to ₹50.70 billion, with the client base expanding to over 1,000.
• Asset Management: Launched two new schemes in Q1, bringing the total to 5 schemes with an AUM of ₹3.40 billion.

Strategic Focus

Dinesh Thakkar, Chairman & Managing Director of Angel One, emphasized the company's role in India's financial revolution, stating, "We are using technology, data and AI to bridge the gap, creating smarter and more inclusive access to financial services." He highlighted the company's product-agnostic fintech platform that addresses a full spectrum of client needs, from investing and borrowing to protecting and planning.

Ambarish Kenghe, Group CEO, noted the company's focus on embedding intelligence across every layer of operations, leveraging data, AI, and advanced analytics to deliver more meaningful engagement and improve retention. He also mentioned the company's brand investments, including IPL sponsorship, which are building trust and credibility at scale.

Angel One continues to position itself as a comprehensive fintech platform, aiming to empower a billion lives through data-driven, technology-enabled financial services. The company's focus on disciplined execution, innovation, and evolving client needs underscores its commitment to maintaining its leadership position in India's rapidly growing fintech landscape.

Angel One , a leading financial services company, has reported its financial results for the first quarter, showing a significant decline in both net profit and revenue. Despite this, the company continues to see growth in its client base and other key metrics.

Financial Performance

Angel One's consolidated net profit for the first quarter decreased by 61% year-over-year to ₹114.40 crore from ₹290.00 crore in the same period last year. The company's revenue also declined by 19% to ₹1,140.00 crore from ₹1,400.00 crore year-over-year. EBITDA saw a substantial decline of 41.7% to ₹274.10 crore.

Client Base Expansion

Despite the financial challenges, Angel One has reported significant growth in its client base. The company saw a 31.3% year-over-year increase, bringing its total client base to 32.47 million. This substantial expansion demonstrates Angel One's ability to attract and retain customers in a competitive financial services market.

Wealth Management and Client Funding

Angel One has shown impressive growth in its wealth management segment, with Assets Under Management (AUM) rising by 33.6% sequentially to ₹50.70 billion. The company's client funding book has also reached ₹48.00 billion. Additionally, credit disbursals have seen a significant increase of 123.6% on a sequential basis.

Robust Growth in Client Funding Book

Angel One has also shown impressive growth in its average client funding book, which has surged by 60.2% compared to the same period last year. This significant increase suggests a growing trust among clients in Angel One's financial products and services.

Trading Volumes and Market Share

While the company experienced a decline in trading volumes during June, the overall performance for the quarter showed signs of improvement. Despite these fluctuations, Angel One has maintained a strong market share across various segments, indicating its resilience and competitive position in the industry.

Financial Performance Overview

While Angel One faced significant challenges in its financial performance for the first quarter, the company's operational metrics, particularly in client acquisition, wealth management, and credit disbursals, demonstrate its continued market strength. The substantial increase in client base, wealth AUM, and credit disbursals highlights the company's ability to attract and retain customers despite financial headwinds. As Angel One navigates through these challenges, its focus on expanding its customer base and maintaining market share across segments may position it for potential recovery in future quarters.