Angel One Ltd.

NSE: ANGELONE | BSE: 543235 | ISIN: INE732I01013 | Industry: Capital Markets
| Falling Comet
1263.60 -24.15 (-1.88%)
NSE Aug 10, 2022 12:44 PM
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Rapid Results Alerts
Angel One Ltd.    
15 Jul 2022

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.“

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