By- Pradeep Saran
Oct 16, 2024
Angel One’s shares surged over 19% to ₹3,250.90 after the company reported a net profit of ₹423 crore for Q2 FY25, marking a 44.36% QoQ increase. With a total client base of 27.5 million and significant growth in revenue and market share, Angel One continues to strengthen its position in the retail brokerage sector.
Angel One’s shares soared over 19% in intraday trading on October 15, 2024, reaching ₹3,250.90, following the company’s impressive financial results for the second quarter of FY25. This marks the first time the stock has crossed the ₹3,000 mark since April. The surge came after Angel One reported a net profit of ₹423 crore for the quarter, reflecting a substantial quarter-on-quarter increase of 44.36% and a year-on-year growth of 39.14%, driven by improved operational efficiency.
During the same period, the company’s total revenue from operations grew by 7.8% quarter-on-quarter and surged by 44.56% year-on-year, reaching ₹1,515 crore. Its earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 51.5% to ₹671.9 crore, with the EBITDA margin expanding by 210 basis points to 44.4%, up from 42.3% in the previous year.
Angel One also added 3 million clients during the quarter, bringing its total client base to 27.5 million as of September 2024, marking an 11.2% increase quarter-on-quarter and an impressive 61% increase year-on-year. The firm processed 489 million orders in Q2 FY24, reflecting a 44.5% year-on-year increase. The average daily turnover (ADTO) rose to ₹45.4 trillion, showcasing a 3.7% increase quarter-on-quarter and a remarkable 53.2% year-on-year growth.
With a 19.3% market share in retail turnover, Angel One solidified its position in the market, experiencing a 42-basis point improvement quarter-on-quarter and a 282-basis point increase year-on-year. Additionally, the company maintained its No. 2 spot in Incremental NSE Active Clients, with its share rising to 15.4% during the quarter, reflecting a year-on-year increase of 79 basis points. At the end of September, Angel One’s share of demat accounts in India reached 15.7%, marking a significant year-on-year increase of 251 basis points.
