Angel One Share Jumps Over 19% After Q2 Result Announcement

The company reported a net profit of Rs 423 crore for Q2 FY25, representing a significant quarter-on-quarter (QoQ) increase of 44.36 per cent and a YoY improvement of 39.14 per cent

Shares of Angel One, a retail full-service broking firm in India, surged over 19 per cent during intraday trading on Tuesday, reaching Rs 3,250.90 per share. This marks the first time the stock has crossed the Rs 3,000 threshold since mid-April. This rise follows the company's reporting its best quarterly performance to date for the three months ending September 2024 (Q2 FY25).

The company reported a net profit of Rs 423 crore for Q2 FY25, representing a significant quarter-on-quarter (QoQ) increase of 44.36 per cent and a year-on-year (YoY) improvement of 39.14 per cent, driven by better-than-expected operational efficiency. Total revenue from operations for the same quarter grew by 7.8 per cent QoQ and surged by 44.56 per cent YoY, reaching Rs 1,515 crore.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 51.5 per cent to Rs 671.9 crore, with the EBITDA margin expanding by 210 basis points to 44.4 per cent, up from 42.3 per cent in the previous year.

During the quarter, Angel One added 3 million clients, bringing its total client base to 27.5 million as of September 2024. This represents an 11.2 per cent quarter-on-quarter increase and an impressive 61 per cent year-on-year growth.

In terms of transactions, Angel One processed 489 million orders in Q2 FY24, reflecting a 44.5 per cent year-on-year increase. The average daily turnover (ADTO) surged to Rs 45.4 trillion in Q2 FY25, showcasing a 3.7 per cent quarter-on-quarter increase and a remarkable 53.2 per cent year-on-year growth. Additionally, the company strengthened its position in the retail turnover market, capturing a 19.3 per cent market share in Q2 FY25. This represents a 42-basis point improvement quarter-on-quarter, and a 282-basis point increase year-on-year, as reported in the company’s exchange filing.

Continuing to hold the No. 2 spot in Incremental NSE Active Clients, the company's share in NSE Active Clients rose to 15.4% during the quarter, reflecting a year-on-year increase of 79 basis points. Additionally, Angel One's share of demat accounts in the country reached 15.7% at the end of the September quarter, marking a significant year-on-year increase of 251 basis points.