Conference Call with Angel One Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Capital Markets firm Angel One Announced Q1FY23 Result : Continues to witness strong gross addition of 1.3 mn clients in Q1 ’23, crossing 10 mn client mark during the quarter Rs 6,865 mn in Q1 ‘23 vs Rs 6,853 mn in Q4 '22, stable on QoQ basis Rs 2,491 mn in Q1 ‘23 vs Rs 2,795 mn in Q4 '22 , a decline of 10.9% on QoQ basis EBDAT Margin (as % of Net Income) stood at 48.4% in Q1 ‘23 Consolidated Profit After Tax from continuing operations Rs 1,816 mn in Q1 ‘23 vs Rs 2,048 mn in Q4 '22, a decline of 11.3% on QoQ basis The Board of Directors have recommended dividend of Rs 7.65 per equity share of Rs 10.00 each, as an interim dividend, equivalent to 35% of consolidated profit after tax, for the quarter. Commenting on the performance, Mr. Narayan Gangadhar, Chief Executive Officer said, “Quarter gone by has been historic, as we became one of the few players to surpass the 10 million client mark. Our strong operational parameters demonstrate high level of resilience of our business model, despite market cycles. For 39 months in a row, i.e. since we migrated to a flat pricing structure, we have experienced growth in our average daily orders in over 80% instances, when the headline indices corrected by 5% or more. We are confident of the robustness of our business model and strongly believe that our engines will facilitate us to garner superior growth from our target markets. The successful roll out of the first phase of our Super App, has been a hallmark event. The App will be superimposed with multiple layers, offering a variety of different financial products. As we move ahead to achieve our goal of market leadership, we further expanded our tech talent pool with hirings from top tech companies. These assets are vital for the growth of our business as they will enable us to build superior products for our clients, thus offering them the best experience. This will positively contribute to make the business robust, resilient and competitive.“ Result PDF
Conference Call with Angel One Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Angel One witnessed strong gross addition in client base by 1.5 mn clients in Q4 '22 as compared to 1.3 mn clients in Q3 '22 Capital Markets firm Angel One declares Q4FY22 result: Consolidated Total Income Rs 6,853 mn in Q4 '22 vs Rs 6,071 mn in Q3 '22, a growth of 12.9% QoQ basis Rs 23,051 mn in FY '22 vs Rs 12,990 mn in FY '21, a growth of 77.5% YoY basis Consolidated EBDAT Rs 2,795 mn in Q4 '22 vs Rs 2,256 mn in Q3 '22, a growth of 23.9% QoQ basis EBDAT Margin (as % of Net Income) expanded to 54.9% in Q4 ‘22 Rs 8,554 mn in FY '22 vs Rs 4,295 mn in FY '21, a growth of 99.1% YoY basis EBDAT Margin (as % of Net Income) expanded to 50.8% in FY ‘22 Consolidated Profit After Tax From Continuing Operations Rs 2,048 mn in Q4 '22 vs Rs 1,646 mn in Q3 '22, a growth of 24.4% QoQ basis Rs 6,251 mn in FY '22 vs Rs 2,981 mn in FY ‘21, a growth of 109.7% YoY basis Dividend The Board of Directors have recommended dividend of Rs. 9.25/- per equity share of Rs. 10/- each, as a combination of interim and final dividend, equivalent to over 37% of consolidated profit after tax, for the quarter Result PDF
Conference Call with Angel One Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Banking and finance company Angel One Ltd. declares Q3FY22 result: Company witnessed strong gross addition in client base by 1.34 mn clients in Q3 '22 as compared to 1.28 mn clients in Q2 '22. Consolidated Total Income: Rs 6,071 mn in Q3 '22 vs Rs 5,382 mn in Q2 '22, a growth of 12.8% QoQ basis Rs 16,197 mn in 9M '22 vs Rs 8,801 mn in 9M '21, a growth of 84.0% YoY basis Consolidated EBDAT Rs 2,256 mn in Q3 '22 vs Rs 1,839 mn in Q2 '22, a growth of 22.7% QoQ basis EBDAT Margin (as % of Net Income) increased to 50.7% in Q3 ‘22 Rs 5,758 mn in 9M '22 vs Rs 2,832 mn in 9M '21, a growth of 103.3% YoY basis Consolidated Profit After Tax From Continuing Operations Rs 1,646 mn in Q3 '22 vs Rs 1,343 mn in Q2 '22, a growth of 22.6% QoQ basis Rs 4,203 mn in 9M '22 vs Rs 1,961 mn in 9M '21, a growth of 114.3% YoY basis Commenting on the performance, Mr. Narayan Gangadhar, Chief Executive Officer said, “Q3 FY2022 has been a historic quarter for us, as we continued to create new milestones, both operationally and financially. We have focused on increasing reliability and optimization of journeys, which has enhanced business metrics. On the data science side, we have undertaken initiatives that have led to improved client acquisition and activation by developing new machine learning based models. Improved KYC and in-app journeys have eased client onboarding and navigation. Angel has pioneered the real-time process of identifying bank account details during the onboarding, by using a mobile number, an industry first initiative. Our rigorous focus of scaling up client experience has yielded positive results, as we see improved net promoter score, Google Playstore rating, better lead conversion, higher active client ratio, to list a few. Our Super-App is in the development phase. As a precursor to that, our fresh iOS and Android app, which is currently in the beta phase, is expected to be launched, over the next few months. I firmly believe that our razor-sharp focus on technology, will eventually facilitate us to attain our long-term goal of market leadership.” Result PDF
Conference Call with Angel Broking Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: Company witnessed strong gross addition in client base by 1.3 mn clients in Q2FY22 as compared to 1.2 mn clients in Q1FY22 Rs 5,382 mn in Q2FY22 vs Rs 4,745 mn in Q1FY22, a growth of 13.4% QoQ basis Income growth was aided by strong client addition Rs 1,839 mn in Q2FY22 vs Rs 1,663 mn in Q1FY22, a growth of 10.6% QoQ basis EBDAT Margin (as % of NetIncome) remained stable at 47.4% Rs 1,343 mn in Q2FY22 vs Rs 1,214 mn in Q1FY22, a growth of 10.6% QoQ basis The Board of Directors have recommended second interim dividend of Rs. 5.70/- per equity share of Rs. 10/- each, i.e. ~35% of consolidated profit aftertax, for the quarter Mr. Dinesh Thakkar, Chairman & MD said, “Angel is amongst the fore-runners and has played a significant role in diversifying India’s equity culture, as we continue to witness strong addition. Our robust digital platforms are well accepted by the Gen Z and millennials. We continue to augment our technology and products by upskilling our artificial intelligence, machine learning and data science capabilities, to provide clients with seamless and best in class experience. During the quarter, we onboarded some of the best talent in technology and product development, as Jyotiswarup Raiturkar, joined us as Chief Technology Officer along with other senior and mid level executives at our product development center in Bengaluru. This will help us to develop planet scale products and solutions, while keeping simplicity, reliability, and efficiency at our core. We submitted our application with SEBI, for an in principal approval to set up our AMC. This will be one of the key levers for us, as we progress towards offering wealth-tech solutions. The effervescence and freshness of our Angel One brand and its endorsement by our target client base has been further riveted with ‘Angel Broking Limited’ being rechristened as ‘Angel One Limited’. The Board of Directors have approved distribution of 35% of Q2 FY2022 consolidated profit as 2nd interim dividend.” Mr. Narayan Gangadhar, Chief Executive Officer said, “For the 2 nd consecutive quarter, we acquired more than 1.2mn clients which demonstrates our robust processes, strong performance marketing, backed by our efficacious technology & product suite. With this, our total client base expanded to 6.5 mn clients. Growing client base, and a corresponding increase in active client base, led to continued improvement in our operating and financial metrics. We have expanded our product and technology talent base. Our focus will be on modernizing systems, leveraging cloud capabilities, enhancing product reliability, security and attaining shorter time to market, while also using advanced artificial intelligence, machine learning and data science techniques to build our next-gen Super-App with personalized journeys. In our pursuit to democratize stock broking and attain leadership position, we are constantly improving our products and adding newer features and services. We are well placed to capitalise on the massive growth opportunity that is unfolding for Fintech players like us.” Result PDF