Following a 39% YoY increase in Q2 PAT, Angel One’s shares climb by about 9%.
Angel One Share Price: With a 39% increase in net profit to Rs 423 crore and a 44.5% increase in total operating revenue to Rs 1,515 crore, Angel One records an excellent Q2FY25. Additionally, the brokerage gained 30 lakh new customers, increasing its clientele to 27.5 million.
After Angel One announced its best-ever quarterly performance across key financial parameters for the three-month period ending September 30, 2024, on Tuesday, the company’s shares surged 8.6% to reach their day’s high of Rs 2,956.60 on the BSE.
The domestic brokerage said Monday that its Q2FY25 consolidated net profit was Rs 423 crore, up 39% from the Rs 304 crore it posted a year earlier. In the reported quarter, the company’s total income from operations was Rs 1,515 crore, up 44.5% from the Rs 1,048 crore it reported in the previous quarter.
According to the corporate filing, profit after tax (PAT) increased by 45% on a sequential basis compared to Rs 293 crore in Q1FY25.
The company’s consolidated total gross revenues for the reporting quarter were Rs 1516 crore, up 7.5% on a QoQ basis from Rs 1,410 crore in Q1FY25.
Consolidated EBDAT increased 42.5% on a QoQ basis to Rs 598 crore in Q2FY25 from Rs 419 crore in Q1FY25. In Q2FY25, the reported EBDAT margin (as a percentage of total net income) was 49.9%.
In Q2FY25, the brokerage gained 30 lakh clients, increasing its total client base to 27.5 million, a 15.9% QoQ increase. This represents an 11.2% QoQ growth.
In Q2FY25, the total Average Daily Turnover (ADTO) on a notional basis was Rs 45.4 lakh crore, up 3.7% on a QoQ basis from Rs 43.8 trillion in Q1FY25.
Chairman and Managing Director Dinesh Thakkar commented on Angel One’s Q2 performance, stating that the firm had its best-ever performance across financial and operational measures during the July–September period, making it a historic quarter. “We continue to show growth in market share across all sectors, with a 19.3% share in total retail equity turnover. Our continued emphasis on expansion, customer satisfaction, and technology development is enabling us to hold onto our position as a major participant in India’s changing financial landscape,” Thakkar stated.
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