Angel One Q4 Profit Jumps 84% as Revenue Hits Rs 1,467 Cr
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- Angel One reported Q4 profit jumping 84% YoY, with total gross revenue reaching Rs 1,467 crore (up 39% YoY, 10% QoQ), driven by improved trading volumes and platform engagement.
- EBDAT rose 17% sequentially to Rs 473 crore, with margins expanding to 41.7%, indicating strong operating leverage despite a slight dip in cash segment activity.
- Total orders on Angel One's platform climbed 13% sequentially to 43.1 crore — a six-quarter high — as the client base expanded to 3.74 crore and its share of India's demat accounts rose to 16.7%.
- Angel One's wealth management AUM surged 23% sequentially to Rs 10,080 crore, with 2.1 million mutual fund SIP registrations during the quarter, underscoring the company's push beyond broking into a full-stack financial platform.
- Credit disbursals declined 14.7% sequentially to Rs 610 crore, reflecting moderation in lending activity even as the asset management business grew to Rs 360 crore in AUM.
- Management attributed the strong quarter to normalization in client activity, digital platform adoption, and continued investments in AI-led capabilities to improve customer experience and operational efficiency.
Why it matters: Angel One's 84% profit jump and 41.7% margins show the broker is converting a trading-volume rebound into outsized operating leverage. With wealth AUM up 23% to Rs 10,080 crore and demat account share at 16.7%, the company is leveraging its 3.74-crore retail base to diversify revenue. The 14.7% sequential drop in credit disbursals signals the lending arm is being recalibrated as capital is redirected toward higher-margin wealth and asset management.
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