Conference Call with Angel One Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Capital Markets company Angle One announced Q2FY23 results: Client Additions Angel One continued to witness strong gross addition of 1.2 million clients in Q2FY23, crossing 11 million mark in total client base during the quarter Consolidated Total Income Rs 7,459 million in Q2FY23 vs Rs 6,845 million in Q1FY23, a 9.0% growth on QoQ basis Consolidated EBDAT Rs 2,926 million in Q2FY23 vs Rs 2,491 million in Q1FY23, a growth of 17.5% QoQ basis EBDAT Margin (as % of Net Income) stood at 52.4% in Q2FY23 Consolidated Profit After Tax From Continuing Operations Rs 2,136 million in Q2FY23 vs Rs 1,816 million in Q1FY23, a growth of 17.7% QoQ basis Dividend The Board of Directors have recommended dividend of Rs 9.0/- per equity share of Rs 10/- each, as the second interim dividend, equivalent to 35% of consolidated profit after tax, for the quarter Commenting on Angel One’s performance, Mr. Dinesh Thakkar, Chairman MD said, “Q2FY23 has yet again been a strong quarter for the Indian Capital Markets, as India onboarded 6+ million investors, thus growing the base to nearly 103 million. Retail participation in equities continues to gain momentum, as they gain greater understanding of the virtues of investing in financial assets, over conventional risk free and physical assets. India’s demographic dividend will play-out over time as these young cohorts mature in their working careers and prime to become future wealth holders. Angel’s strategy to engage with this young cohort early on, especially from the under penetrated Tier 2, 3 and beyond cities, is reflected in our robust performance. Our digitally enhanced products and deployment of advanced technology, enabled us to add over 1 million clients, for six consecutive quarters. We also expanded our market share in demat accounts, active clients and retail turnover, whilst improving our financial performance. In line with our dividend policy, the Board of Directors have declared a distribution of 35% of the quarter’s profit, as the second interim dividend to our shareholders.” Result PDF