Angel One Limited has made the audio recording of its earnings call with analysts and investors available on its official website, following the session held on January 16, 2026. The company announced this development through a formal communication to stock exchanges, ensuring compliance with regulatory requirements.

Regulatory Compliance and Disclosure

The availability of the earnings call recording was communicated to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material information that could impact investor decisions.

Accessibility and Transparency

The audio recording has been made accessible through the company's investor relations portal, specifically in the financials section. Investors and analysts can access the recording at https://www.angelone.in/investor-relations/financials , ensuring transparent communication of the company's financial discussions and strategic insights shared during the call.

Official Communication

The formal disclosure was signed and submitted by Naheed Patel, Company Secretary and Compliance Officer, who holds membership number A22506. The communication was digitally signed and dated January 16, 2026, from the company's Mumbai office, maintaining proper corporate governance protocols.

Company Information

Angel One Limited operates from its corporate and registered office located at 601, 6th Floor, Akruti Star, Central Road, MIDC, Andheri (E), Mumbai. The company holds multiple regulatory registrations including SEBI registration as a stock broker, CDSL depository participant, and various other financial services licenses, positioning it as a comprehensive financial services provider in the Indian market.

Angel One Limited shares are likely to remain in focus following the company's announcement of third-quarter financial results and significant corporate actions during its board meeting held on January 15. The brokerage house reported mixed performance with revenue growth but profit decline, while announcing substantial shareholder returns through dividend and stock split.

Financial Performance Overview

The company reported a consolidated net profit of ₹268.60 crore for Q3, down 4.50% year-on-year from ₹281.40 crore in the same period last year. Revenue for the quarter increased 5.80% year-on-year to ₹1,334.80 crore from ₹1,262.20 crore, driven by higher market participation and improved client activity.

On a sequential basis, consolidated total gross revenues reached ₹1,337.70 crore, up 11.10% quarter-on-quarter from ₹1,204.20 crore in Q2. Consolidated EBDAT (earnings before depreciation, amortisation and taxes) rose 24.80% QoQ to ₹405.00 crore, with EBDAT margin improving to 39.40% from 34.50% in the previous quarter, supported by operating leverage and improved cost efficiency.

Revenue Mix Transformation

During the earnings concall, management highlighted a strategic shift in revenue composition. The share of Futures and Options (FnO) declined to 44.30% of total gross income, compared to 52.50% in the previous year, reflecting a deliberate shift towards a more balanced and less volatile revenue profile. This diversification strategy aims to reduce dependency on the highly volatile derivatives segment while strengthening other business verticals.

Business Segment Performance

EBDAT from broking and distribution (MF + credit) businesses increased 25.30% QoQ to ₹433.60 crore, with margin rising to 43.00% from 37.70% in Q2. Consolidated profit after tax grew 26.90% QoQ to ₹268.70 crore, while PAT from broking and distribution businesses rose 27.40% QoQ to ₹301.00 crore.

Operational Highlights

In the broking segment, the client funding book scaled to ₹5,860.00 crore as of December, marking a 10.40% QoQ growth. Non-broking businesses continued to scale, with unique SIPs registered reaching 23 lakh in Q3, reflecting rising retail participation in mutual funds. Credit disbursals grew 55.70% QoQ to ₹710.00 crore.

The wealth management business saw AUM rise 33.70% QoQ to ₹8,220.00 crore, with the client base expanding to over 1,600. In asset management, the business expanded to nine schemes, with AUM reaching ₹470.00 crore as of December.

Major Corporate Decisions

Interim Dividend and Stock Split

The board approved a first interim dividend of ₹23.00 per share and a stock split from the current ₹10.00 face value per equity share to ₹1.00 per share in the ratio of 1:10, subject to approvals from shareholders and statutory and regulatory authorities. The record date for the interim dividend is set for January 21, with payout scheduled on or before February 13.

Management Commentary and Operating Margin Guidance

Ambarish Kenghe, Group CEO, highlighted technology and AI as key drivers of growth and efficiency. "This quarter, we launched the beta of our in-house data analyst agent and began adopting agentic AI across our development lifecycle, reducing decision and execution time, boosting productivity and helping us stay ahead," he said.

Kenghe noted strong performance across channels: "Our direct and assisted channels remain strong, supported by a nationwide base of 10,000+ APs and 11,000+ MFDs. We delivered our highest-ever orders in commodities at 35 million and ₹1.70 trillion ADTO. Our emerging businesses continue to scale well, supported by strong SIP momentum and a 56% QoQ rise in credit disbursements to ₹7.10 billion, translating into a ₹28.00 billion annual run rate."

During the concall, management reiterated its operating margin guidance, maintaining expectations of 45.00% operating margin going forward. The company also provided specific guidance for the broking business, targeting an operating margin range of 40-45%.

Market Performance

Shares of Angel One ended 3.50% higher at ₹2,525.25 on Wednesday, gaining ₹86.05, indicating positive investor sentiment following the results announcement and corporate action decisions.