Angel One Reports Strong Q2 Results: Net Profit Surges 85% QoQ

Angel One , a leading fintech platform in India, has announced its unaudited consolidated financial results for the quarter ended September 30, showcasing robust growth across key metrics.

Financial Highlights

Consolidated Total Net Revenues reached ₹9,410.00 million, up 5.6% quarter-on-quarter (QoQ) from ₹8,913.00 million in the previous quarter.
Reported EBDAT (Earnings Before Depreciation, Amortization, and Tax) surged 67.0% QoQ to ₹3,246.00 million, with the EBDAT margin expanding to 34.5%.
Consolidated Profit After Tax (PAT) jumped 85.0% QoQ to ₹2,117.00 million.

Operational Performance

Angel One continued to strengthen its market position:

Total client base grew to 34.1 million, up 4.9% QoQ and 24.0% year-on-year (YoY).
Gross client acquisition stood at 1.7 million for the quarter, a 12.2% increase QoQ.
The company's share in India's demat accounts rose to 16.5%, a 15 basis points increase QoQ.
NSE active client base reached 6.9 million, growing 5.9% QoQ.
Number of orders processed increased by 5.0% QoQ to 360 million.
Average Daily Turnover surged 31.8% QoQ to ₹1.4 trillion.
Market share in retail overall equity turnover expanded by 71 basis points QoQ to 20.5%.

Emerging Business Segments

The company reported strong growth in its newer business verticals:

Unique SIPs registered grew by 23.8% QoQ to 2.4 million.
Credit disbursals nearly doubled, increasing by 97.0% QoQ to ₹4.60 billion.
Wealth Management AUM rose 21.3% QoQ to ₹61.40 billion.
Asset Management AUM grew 16.8% QoQ to ₹4.00 billion, with total folios increasing by 50.4% QoQ to over 138,000.

Strategic Developments

Angel One announced plans to set up a branch unit at GIFT City, Gandhinagar, Gujarat, subject to regulatory approvals. This move is expected to open new growth avenues for the company.

Management Commentary

Dinesh Thakkar, Chairman & Managing Director, emphasized the company's role in reshaping India's investment landscape: "Fintech platforms like us are reshaping how India invests, borrows and builds wealth. Our AI-driven platform bridges the formal and informal financial worlds, delivering personalized journeys at scale."

Ambarish Kenghe, Group CEO, highlighted the company's focus on technology and AI: "We continue to strengthen client engagement through technology, data and design. AI is at the core of this transformation. Our in-house built chatbot, Ask Angel, is now live, resolving more queries instantly and with higher accuracy."

Angel One's quarterly results demonstrate the company's ability to leverage technology and expand its product offerings to drive growth in India's evolving digital financial services landscape. The strong performance across traditional and emerging business segments positions the company well for continued success in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.56%	+8.39%	+11.03%	+5.95%	-20.18%	+958.51%

Angel One , a leading fintech platform in India, has reported a significant rebound in its financial performance for the second quarter, while also announcing plans to expand its operations to GIFT City.

Financial Performance

Angel One's consolidated profit after tax (PAT) for Q2 stood at Rs 2,117.00 crore, marking a substantial 85% increase quarter-on-quarter (QoQ) from Rs 1,145.00 crore in Q1. However, on a year-on-year (YoY) basis, the profit saw a 50% decline from Rs 4,234.00 crore in Q2 of the previous year.

The company's total net income for Q2 reached Rs 9,410.00 crore, up 6% QoQ from Rs 8,913.00 crore in the previous quarter. This growth was primarily driven by a 5% increase in the number of orders processed, which totaled 360 million for the quarter.

Key Performance Indicators

Metric	Q2	QoQ Change	YoY Change
Total Client Base	34.1 Million	+4.9%	+24.0%
Gross Client Acquisition	1.7 Million	+12.2%	-41.9%
NSE Active Client Base	6.9 Million	-5.9%	+6.4%
Average Daily Turnover	Rs 1.4 Trillion	+31.8%	+58.4%
Share in Retail Overall Equity Turnover	20.5%	+71 bps	+114 bps

Emerging Business Segments

Angel One reported strong growth across its emerging business segments:

Mutual Funds: Unique SIPs registered grew by 23.8% QoQ to 2.4 million.
Credit: Disbursals increased by 97.0% QoQ to Rs 4,600.00 crore.
Wealth Management: Assets Under Management (AUM) rose by 21.3% QoQ to Rs 61,400.00 crore.
Asset Management: AUM increased by 16.8% QoQ to Rs 4,000.00 crore, with total folios growing by 50.4% to over 138,000.

GIFT City Expansion

In a strategic move, Angel One's Board of Directors has approved the proposal to set up a branch unit at GIFT City, Gandhinagar, Gujarat. This expansion is subject to necessary regulatory and statutory approvals and is expected to open new growth avenues for the company.

Management Commentary

Dinesh Thakkar, Chairman & Managing Director of Angel One, emphasized the company's role in reshaping India's investment landscape: "Fintech platforms like us are bridging the formal and informal financial worlds, delivering personalized journeys at scale. With new products and annuity revenues emerging, Angel One is well positioned to lead India's fintech evolution and empower long-term wealth creation."

Ambarish Kenghe, Group CEO, highlighted the company's focus on technology and AI: "Our in-house built chatbot, Ask Angel, is now live, resolving more queries instantly and with higher accuracy. We are also responding to a significant percentage of support emails using AI. Our expanding product universe, deep AI capabilities, and unified digital ecosystem positions us well in India's digital financial services landscape."

Angel One's performance this quarter demonstrates its resilience in a challenging market environment and its commitment to leveraging technology for growth. The planned expansion into GIFT City further underscores the company's ambitions to explore new opportunities in India's evolving financial services sector.