Brokerage firm Angel One Ltd on Monday (January 13) reported an 8.1% year-on-year (YoY) increase in net profit at ₹281.4 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Angel One posted a net profit of ₹260.4 crore.
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Revenue from operations rose 19.2% to ₹1,262.2 crore against ₹1,059 crore in the year-ago period.
At the operating level, EBITDA increased 24.7% to ₹496 crore in the third quarter of this fiscal over ₹397.8 crore in Q3 of the previous fiscal.
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The EBITDA margin stood at 39.3% in the reporting quarter against 37.6% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Angel One reported client addition of 2.1 million in Q3 FY25, representing a 30.3% decline on a quarter-on-quarter (QoQ) basis. The client base stood at 29.5 million, marking a 7.4% growth from the previous quarter. The average daily turnover (ADTO) on a notional basis was ₹40 trillion in Q3 FY25, down 11.8% from ₹45.4 trillion in Q2 FY25.
On a premium basis for the equity options segment, ADTO was ₹85,000 crore, a dip of 2.5% from ₹87,100 crore in the previous quarter. Consolidated total gross revenue for the quarter was ₹1,263.8 crore, a decline of 16.6% from ₹1,516 crore in Q2 FY25.
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The board of directors recommended a dividend of ₹11 per equity share, totalling approximately ₹99.3 crore, which is about 35.3% of the consolidated profit after tax for the quarter. The results came after the close of the market hours.
Dinesh Thakkar, Chairman and Managing Director, said, “India’s capital market remains on a growth trajectory, reflecting increasing trust among retail investors. The evolving regulatory landscape has fostered greater client confidence, ensuring long-term retention and participation.”
“While a few regulations introduced this quarter caused a temporary industry-wide impact, we are confident that our aggressive client acquisition strategy, coupled with the normalisation of client activity, will drive renewed growth momentum in the coming quarters,” he added.
Shares of Angel One Ltd ended at ₹2,444.10, down by ₹98.40, or 3.87%, on the BSE.
(Edited by : Shoma Bhattacharjee)
