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Angel One Ltd
NSE:ANGELONE

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Angel One Ltd
NSE:ANGELONE
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Price: 2 418.6001 INR 0.69%
Market Cap: 219.7B INR

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
Q2 2026
Call Date
Oct 16, 2025
AI Summary
Q2 2026

Revenue Growth: Angel One delivered solid Q2 FY26 results, with gross revenue rising 5.3% quarter-on-quarter to INR 12 billion and net revenue up 5.6% to INR 9.4 billion, despite macro headwinds.

Profit Surge: Reported profit after tax jumped 85% quarter-on-quarter to INR 2.1 billion, with normalized profit after tax rising 10.1%.

Market Share Gains: The company increased its demat market share to 16.5% and overall retail equity turnover market share by 71 bps to 20.5%, supported by strong client acquisition.

Client Growth: Client base surpassed 34 million, with 1.74 million new clients added in the quarter—a 12.2% sequential increase.

EBITDA Margin Guidance: Management reiterated guidance to reach 40–45% operating margin by Q4 FY26, driven by operational efficiency and growing revenues.

Product Expansion: Continued diversification with new offerings in mutual funds, credit, and insurance, including the launch of a digital-led life insurance JV and new commodity funds.

AI & Efficiency: AI-powered tools like the Ask Angel chatbot and operational automation are driving efficiency, with 67% reduction in query resolution time and handling 80% of client queries without escalation.

Margin Funding Growth: Margin trade funding book hit INR 59.5 billion at quarter-end, up 26.1% sequentially, with no change in end-client interest rates.

Key Financials
Gross Revenue
INR 12 billion
Net Revenue
INR 9.4 billion
Profit After Tax
INR 2.1 billion
EBITDA Margin
34.5%
Client Funding Book (Average)
INR 53 billion
Client Funding Book (Period End)
INR 59.5 billion
Net Broking Income
INR 5.5 billion
Interest Income
INR 3.8 billion
Net Interest Income
INR 2.9 billion
Employee Cost
INR 2.7 billion
Other Expenses
INR 3.4 billion
Number of Clients
34 million
New Clients Added
1.74 million
Demat Market Share
16.5%
Retail Equity Turnover Market Share
20.5%
SIP Registrations
2.4 million
Credit Disbursals
INR 4.6 billion
Ionic Wealth AUM
INR 61 billion
AMC AUM
INR 4 billion
AMC Folios
1.4 lakh
Net Worth
INR 58.3 billion
Incremental Borrowings
INR 44.2 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