Angel One Reports Mixed Results for August: Client Funding Book Grows, Client Acquisition Declines
Angel One's August results show a 37.4% year-over-year increase in average client funding book to ₹52.91 billion. The client base grew 1.5% month-on-month to 3.35 crore. However, gross client acquisition fell 15% to 5.5 lakh. Trading activity improved with increases in average daily orders, turnover, and premium turnover. Market share gains were seen across equity, F&O, and commodity segments. The stock initially rose 2.9% but later traded 0.2% lower at ₹2,267.70, down 25% year-to-date.

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Angel One , a leading financial services company, has reported mixed business results for August, showcasing both growth and challenges in different areas of its operations.
Client Funding Book and Customer Base Growth
Angel One's average client funding book reached ₹52.91 billion in August, marking a substantial 37.4% increase compared to the same period last year. This growth demonstrates the company's ability to attract and retain client investments, reflecting increased trust and engagement from its customer base.
The company's overall client base expanded to 3.35 crore, representing a 1.5% month-on-month growth. This increase in the number of clients indicates Angel One's continued market presence in the competitive financial services sector.
Decline in Gross Client Acquisition
However, Angel One faced a setback in gross client acquisition, which fell 15% to 5.5 lakh from 6.4 lakh in July. This marks the first decline after four consecutive months of growth, signaling potential challenges in new customer onboarding.
Trading Activity and Market Share
Despite the decline in client acquisition, Angel One saw improvements in trading activity:
- Average daily orders increased 8.1% to 57.8 lakh.
- Average daily turnover rose 10.5% to ₹45.84 lakh crore.
- Average daily premium turnover surged 30.5% to ₹1.46 lakh crore.
The company also recorded market share gains across segments:
Segment | Increase | New Market Share |
---|---|---|
Equity | 67 basis points | 20.7% |
F&O | 92 basis points | 22.1% |
Commodity | 390 basis points | 67.6% |
Stock Performance
Angel One's shares initially gained 2.9% following the announcement but later reversed to trade 0.2% lower at ₹2,267.70. The stock is down 25% year-to-date, reflecting broader market sentiments and the company's mixed performance.
Conclusion
Angel One's August performance presents a mixed picture, with strong growth in its client funding book and market share across various segments, contrasted by a decline in gross client acquisition. The company's ability to increase average daily orders and turnover despite the challenges in new client onboarding demonstrates its resilience in the competitive financial services landscape.
Historical Stock Returns for Angel One
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.67% | -5.74% | -8.67% | -8.10% | -13.70% | +674.62% |