Conference Call with Angel One Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Capital Markets company Angel One announced Q1FY26 results Consolidated Total Net Revenues Rs 8,913 million in Q1FY26 vs Rs 8,308 million in Q4FY25 , a growth of 7.3% on QoQ basis. Consolidated EBDAT: Reported EBDAT of Rs 1,944 million in Q1FY26 vs Rs 2,643 million in Q4FY25, a de-growth of 26.5% on QoQ basis. Reported EBDAT Margin (as % of Total Net Income) stood at 21.8% in Q1FY26. Adjusted EBDAT at Rs 3,061 million in Q1FY26 vs Rs 2,346 in Q4FY25, a growth of 30.5% QoQ. Adjusted EBDAT Margin stood at 34.3% in Q1FY26 vs 28.2% in Q4FY25. Consolidated Profit After Tax: Reported PAT of Rs 1,145 million in Q1FY26 vs Rs 1,745 million in Q4FY25, a de-growth of 34.4% on QoQ basis. Adjusted PAT at Rs 1,922 million in Q1FY26 vs Rs 1,525 in Q4FY25, a growth of 26.0% QoQ. Broking: Client Funding Book reached an all time high of Rs 48 billion as of June 2025. Non-Broking: Unique SIPsregistered grew by 0.9% QoQ to 1.9 million. Credit disbursal increased by 123.6% QoQ to Rs 2.3 billion. Wealth Management: AUM increased by 33.6% QoQ to Rs 50.7 billion as of June 2025. Client base expanded to over 1,000. Asset Management: Launched 2 new schemes in Q1FY26, taking the total count to 5 schemes. AUM as of June 2025 stood at Rs 3.4 billion. Dinesh Thakkar, Chairman & Managing Director, said: “India is at the cusp of a financial revolution, with digital adoption accelerating and vast sections still underserved. At Angel One, we are using technology, data and AI to bridge the gap, creating smarter and more inclusive access to financial services. Our product-agnostic fintech platform already addresses the full spectrum of client needs, from investing and borrowing to protecting and planning, through one seamless, trusted experience. With the next wave of growth coming from beyond Tier 1 cities, the opportunity for inclusive impact is both vast and urgent. Powered by data and platform intelligence, our focus remains on delivering low-cost, high-engagement services at scale, strengthening our position as India’s most client-centric, technology-driven fintech platform. We are building Angel One to grow with every client’s financial journey – intelligent, responsive and designed to empower a billion lives.” Ambarish Kenghe, Group CEO, said: “Angel One’s platform continues to deliver healthy performance in a dynamic business environment. This quarter we added over 1.5 million clients and maintained a stable market shares of 15.3% in NSE active clients and 19.7% in overall retail equity turnover, a testament to the resilience and scalability of our model. We are embedding intelligence across every layer of our operations, harnessing the power of data, AI and advanced analytics to deliver more meaningful engagement, improve retention and drive greater efficiency across the ecosystem. These capabilities are enabling us to deepen client relationships, unlock higher lifetime value and sustained operating leverage, even as we diversify revenues through credit, wealth and asset management verticals that are scaling steadily. Our brand investments, including IPL and other high-visibility digital campaigns, are building trust, credibility and recall at scale, laying a strong foundation for broader adoption and cross-sell our expanding product suite. As we grow, our focus remains on disciplined execution, innovation and staying ahead of evolving client needs. We are confident that our intelligent, data driven platform will continue to compound value, strengthen our leadership position and take us closer to our vision of being India’s most trusted fintech platform, empowering a billion lives through the power of data and technology.” Result PDF