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.

Angel One , a prominent player in the financial services sector, has announced mixed performance metrics for June, showcasing growth in client base and funding book, but a decline in trading volumes.

Expanding User Base and Client Funding

Angel One reported a 31.3% year-over-year (YoY) growth in its client base, reaching 32.47 million. This substantial increase in the number of users suggests growing trust and popularity of Angel One's services among investors and traders.

The company's average client funding book also saw significant growth, increasing by 55% YoY. This uptick indicates a rise in client investments and trading activities.

Decline in Trading Volumes

Despite the growth in client base and funding, Angel One experienced a decline in trading volumes. The total number of orders decreased by 31.6% YoY. The futures and options (F&O) segment particularly showed weakness, leading to a 23.5% YoY drop in Average Daily Turnover (ADTO).

Strong Mutual Fund SIP Registrations

On a positive note, mutual fund Systematic Investment Plan (SIP) registrations remained strong, showing a 27.8% YoY increase.

Key Highlights

The mixed performance metrics highlight Angel One's ability to attract and retain customers, as well as grow its funding book. However, the decline in trading volumes, particularly in the F&O segment, suggests challenges in market conditions or changes in investor behavior. The strong growth in mutual fund SIP registrations indicates a shift towards more stable, long-term investment options among Angel One's clientele.

As Angel One navigates these diverse trends, its performance in the coming months will be crucial in determining its trajectory in the competitive financial services landscape.