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Angel One Ltd
NSE:ANGELONE

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Angel One Ltd
NSE:ANGELONE
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Price: 320.39 INR 1.87% Market Closed
Market Cap: ₹291.3B

Angel One Ltd
Investor Relations

Angel One Ltd., once a humble stockbroking firm, has evolved into a formidable player in the financial services industry in India. Founded in 1996, Angel One has consistently reinvented itself to keep pace with the dynamic landscape of financial trading and investment. The company operates as a retail-focused, technology-driven financial services firm, catering to the varied needs of individual investors. Leveraging the power of digital technology, Angel One provides an encompassing suite of services, including stock broking, commodity trading, and investment advisory services. The company uses its robust digital platforms to offer an intuitive and seamless trading experience to its clients, enhancing user engagement and retention.

The heart of Angel One's business model lies in its low-cost, high-volume trading strategy. By offering cost-effective brokerage plans, it attracts a significant volume of retail investors who contribute to substantial trading volumes on its platform. This volume-driven approach allows Angel One to earn substantial revenues from transaction fees and brokerage charges. Additionally, the company capitalizes on its wide range of financial products, including mutual funds, insurance, and loans, thereby creating multiple revenue streams. Angel One's strong technological infrastructure, combined with its strategic focus on education and financial literacy, empowers investors with knowledge and tools to make informed decisions, thus cementing its position as a leader in the Indian brokerage industry.

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ANGELONE
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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
Apr 17, 2026
AI Summary
Q4 2026

Engagement rebound: Angel One said client activity improved meaningfully, with orders up 13.3% sequentially to 431 million, the highest level in six quarters, despite one fewer trading day and a softer market backdrop.

Margins recovered: Reported EBDAT margin expanded to 41.7%, and normalized EBDAT margin reached 44.4% after one-time and IPL-related items, moving back within management’s guided range.

New businesses scaling: Wealth, Credit and Asset Management all showed early traction, with Ionic Wealth AUM crossing INR 100 billion and credit disbursements reaching INR 6.1 billion in the quarter.

AI push: Management said Angel One is becoming an AI-native platform, with Ask Angel upgraded into a conversational assistant and more than 50% of engineering work now AI-augmented.

Costs held in check: Employee costs are expected to stay around FY 2026’s INR 11 billion level next year, while management expects further margin expansion but is not giving a hard FY 2027 target.

Regulatory impact limited: Management said recent RBI directions on bank capital market exposure should have limited operational impact because its funding base is diversified.

Key Financials
Orders executed
431 million
Gross income
INR 14.7 billion
Net income
INR 11.3 billion
Reported EBDAT margin
41.7%
Normalized EBDAT margin
44.4%
Profit after tax
INR 3.2 billion
Average daily orders
7.4 million
Retail equity turnover share
20.4%
Demat market share
16.7%
Credit disbursements for the quarter
INR 6.1 billion
Lifetime cumulative credit disbursements
INR 27.1 billion
Ionic Wealth AUM
INR 100 billion
AMC AUM
INR 3.6 billion
AMC schemes
11
AMC folio count
over 246,000
Client funding book
INR 54.5 billion
Net worth
INR 61.5 billion
Cash and cash equivalents
INR 165.6 billion
Employee costs
about INR 11 billion
Operating margin drag from new businesses
about 2.5% to 3%
CAPEX / investment in Wealth and NBFC
up to INR 1.5 billion each
IPL spend
about INR 1.5 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Dinesh Dariyanumal Thakkar
Chairman & MD
No Bio Available
Mr. Vineet Agrawal
Chief Financial Officer
No Bio Available
Mr. Ketan Bharat Shah
Chief Strategy Officer & Whole Time Director
No Bio Available
Mr. Amit Majumdar
ED-Strategic Initiatives & Whole Time Director
No Bio Available
Ms. Naheed Rehan Patel
Company Secretary & Compliance Officer
No Bio Available
Mr. Bhavin B. Parekh
Senior VP, Head of Product Operations and Head of Operations, Risk & Surveillance Officer
No Bio Available
Mr. Hitul Gutka
Head of IR
No Bio Available
Mr. Subhash M. Menon
Chief Human Resources Officer
No Bio Available
Mr. Ankit Rastogi
Chief Product Officer
No Bio Available
Mr. Prabhakar Tiwari
Chief Growth Officer
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
6th Floor, Ackruti Star, Central Road - MIDC, Andheri (E)
Contacts
+912240003600
www.angelone.in
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