Hot Pursuit     15-Oct-24
Angel One spurts after Q2 PAT climbs 39% YoY to Rs 423 cr in FY25
Angel One surged 8.09% to Rs 2,941.95 after the company reported 39.05% jump in consolidated net profit (from continuing operations) to Rs 423.38 crore in Q2 FY25 as against Rs 304.46 crore recorded in Q2 FY24.
Revenue from operations increased 44.55% YoY to Rs 1,514.70 crore in Q2 FY25.

Total income climbed 44.47% to Rs 1,515.96 crore in Q2 FY25 from Rs 1,049.31 crore recorded in the corresponding quarter previous year.

On quarter on quarter (QoQ) basis, the company’s net profit and total income grew 44.62% and 7.51% respectively in Q2 FY25.

Profit before tax (PBT) was at Rs 572.08 crore during the quarter, registering a growth of 40.49% YoY, while 44.16% climbed QoQ.

Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q2 FY25 stood at Rs 597.7 crore (up 42.81% YoY and up 42.51% QoQ). EBDAT margin came in at 49.9% in Q2 FY25 as compared to 37.7% recorded in Q1 FY24 and 51.3% posted in Q2 FY24.

During the quarter, the company added 3 million clients, representing a 15.9% increase QoQ and a 41.3% increase YoY. Its total client base reached 27.5 million, reflecting an 11.2% growth QoQ and a 61% increase YoY.

On a notional basis, the average daily turnover (ADTO) stood at Rs 45,40,000 crore in Q2 FY25, compared to Rs 43,80,000 crore in the previous quarter, reflecting a growth of 3.7% quarter-over-quarter (QoQ).

Dinesh Thakkar, chairman & managing director, said, “We have achieved our best-ever performance across financial and operational metrics. With a 19.3% share in overall retail equity turnover, we continue to report an improvement in market share across all segments. Our sustained focus on growth, client satisfaction and technological advancements is helping us maintain our position as a leading player in India’s evolving financial ecosystem.

I am happy to share that we went live with the distribution of credit products and fixed deposits on our platform. We continue to witness growing offtake of mutual funds through our platform. The successful adoption of newer products on the Super App will further increase wallet share and improve the LTV. We continue to invest the building blocks of wealth management, as we further expand the team and our presence across different cities.

The expanding suite of products, from equity broking to distribution of third-party financial products, showcases the evolution of our Super App and its advanced capabilities. As we keep enhancing our product offerings, we are steadily becoming more capable of fulfilling all our client’s financial needs and empowering them to close their financial lifecycle loop within the platform.”

Meanwhile, the company’s board approved the re-appointment of Dinesh Thakkar as chairman and managing director for a further period of five years with effect from 1 January 2025.

Angel One is the largest listed retail stock broking house in India, in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and network of authorized persons.

Previous News
  Angel One Q3 PAT rises 8% YoY in FY25; declares dividend of Rs 11/sh
 ( Hot Pursuit - 14-Jan-25   10:43 )
  Board of Angel One recommends 1st interim dividend
 ( Corporate News - 13-Jan-25   21:07 )
  Angel One announces resignation of Chief Compliance Officer
 ( Corporate News - 24-Oct-24   16:28 )
  Market opens at new life highs; breadth strong
 ( Market Commentary - Mid-Session 03-Jun-24   09:39 )
  Angel One consolidated net profit rises 32.57% in the June 2024 quarter
 ( Results - Announcements 16-Jul-24   07:31 )
  Angel One consolidated net profit rises 8.13% in the December 2024 quarter
 ( Results - Announcements 14-Jan-25   07:35 )
  Angel One grants 3,857 RSUs
 ( Corporate News - 19-Mar-24   16:54 )
  Angel One client base climbs 61% YoY in February
 ( Hot Pursuit - 04-Mar-24   10:38 )
  Angel One client base climbs 63% YoY in April
 ( Hot Pursuit - 06-May-24   10:08 )
  Angel One grants 326 RUS and 229 PSUs under Employee Incentive Plan
 ( Corporate News - 08-Jul-24   18:32 )
  Angel One Q1 PAT rises 32% YoY to Rs 293 cr in FY25
 ( Hot Pursuit - 16-Jul-24   10:39 )
Other Stories
  PTC Industries Q3 PAT spurts 76% YoY to Rs 14 cr
  15-Feb-25   11:34
  RVNL Q3 PAT slides 13% YoY to Rs 311 crore
  15-Feb-25   10:47
  BHEL bags Rs 6,700 crore power project from Singareni Collieries
  15-Feb-25   09:48
  Mahindra & Mahindra's electric SUVs see 30,179 bookings on day 1
  15-Feb-25   09:32
  Reliance Industries acquires Lakadia B Power Transmission
  15-Feb-25   09:21
  Ethos rises after Q3 PAT climbs 15% YoY to Rs 29 cr
  14-Feb-25   15:12
  Anupam Rasayan rises after Q3 PAT zooms 108% YoY to Rs 54 cr
  14-Feb-25   15:03
  FACT tumbles after PAT falls nearly 74% in Q3 FY25 to Rs 8 crore
  14-Feb-25   15:02
  Concord Biotech Ltd leads losers in 'A' group
  14-Feb-25   15:00
  SEPC slides as Q3 PAT tumbles 20% YoY to Rs 4 cr
  14-Feb-25   14:51
Back Top