Angel One shares surged nearly 9% on October 15, 2024, following the announcement of a remarkable 39% year-on-year (YoY) increase in profit after tax (PAT) for the second quarter of fiscal year 2025 (Q2FY25). The company reported a consolidated net profit of ₹423 crore, up from ₹304 crore during the same period last year. This impressive performance has caught the attention of investors and market analysts alike, highlighting the company’s strong growth trajectory.
Main Points
Key Financial Highlights
- Net Profit Growth: Angel One’s net profit rose to ₹423 crore in Q2FY25, marking a 39% increase from the previous year’s ₹304 crore. On a sequential basis, this represents a 45% rise compared to ₹293 crore in Q1FY25.
- Revenue Surge: The total revenue from operations was ₹1,515 crore, reflecting a significant growth of 44.5% compared to ₹1,048 crore in Q2FY24. This also shows a 7.5% increase from ₹1,410 crore in Q1FY25.
- Client Growth: The company added approximately 30 lakh clients during the quarter, which is a growth of 15.9% quarter-on-quarter (QoQ). This brings their total client base to about 27.5 million, an increase of 11.2% YoY.
- Average Daily Turnover (ADTO): The overall ADTO on a notional basis reached ₹45.4 lakh crore in Q2FY25, up by 3.7% from ₹43.8 lakh crore in Q1FY25.
Dinesh Thakkar, Chairman & Managing Director of Angel One, expressed that this quarter was historic for the company. He noted that they achieved their best-ever performance across various financial and operational metrics. With a market share of 19.3% in overall retail equity turnover, Angel One continues to strengthen its position as a leading player in India’s financial ecosystem.
Thakkar attributed this success to a sustained focus on growth and client satisfaction, alongside technological advancements that enhance their service offerings. The company aims to leverage these strengths to maintain its competitive edge as the financial landscape evolves.
The surge in Angel One’s share price reflects growing investor confidence fueled by these strong financial results. Analysts believe that the company’s robust performance could attract more institutional investments and retail participation in the coming quarters.
Broader Market Context
The positive results from Angel One come amid mixed sentiments in the broader Indian stock market. Various sectors are experiencing volatility due to global economic factors and domestic challenges such as inflation and interest rate fluctuations. However, companies like Angel One that demonstrate solid fundamentals are likely to stand out during such turbulent times.
Looking ahead, Angel One plans to continue expanding its client base while enhancing its technological capabilities. The company is also expected to explore new avenues for growth within India’s rapidly evolving financial services sector.
