Angel One Ltd recorded 64.28% year-on-year growth in total revenue for the quarter to March 22 on a consolidated basis at Rs671.28cr. On a sequential basis, revenue increased 12.38% for the quarter. In terms of revenue growth, the brokerage business grew by 62% YoY to Rs682cr.

This growth was largely achieved through aggressive new account openings, leveraging digital growth channels and aggressive trading account activation.

Angel has been one of the big beneficiaries of the increase in trading and demat accounts.

Fourth quarter consolidated net profit increased by 100.85% to Rs204.69cr, while profit increased by 24.39% on a sequential basis.

The company’s profits were boosted by a much lower cost structure and greater reliance on the less capital-intensive franchisee model.

Angel also declared a fourth interim dividend of Rs 7 per share and a final dividend of Rs 2.25 per share. Net margins were 30.49% in the March 22 quarter, compared to 24.94% in the March 21 quarter. Net profit margins also increased by 294 basis points on a sequential basis.

Financial highlights for March 22 compared year-over-year and sequential











angel one ltd

Rs to Crore

March 22

March 21st

YEAR

December 21

QOQ
Total income (Rs cr) ₹671.28 ₹408.61 64.28% ₹597.32 12.38%
Net profit (Rs cr) ₹204.69 ₹101.91 100.85% ₹164.55 24.39%
Diluted EPS (Rs) ₹24.30 ₹12.37 ₹19.54
Net margins 30.49% 24.94% 27.55%