Angel One Reports 44% Revenue Growth in Q2 FY25, Reaching ₹1,514.7 Crore

Angel One has unveiled impressive financial results for the second quarter of FY25, showcasing a substantial year-on-year revenue growth of 44%, totaling ₹1,514.7 crore. This significant increase in revenue reflects the company's strategic positioning within the broking sector, capitalizing on a surge in trading activity. The net profit also saw a commendable rise, reaching ₹423 crore, which is a 39% increase compared to the same period last year.

The company reported an EBITDA margin of 44.4% for the quarter, up from 42.3% in the previous year. Dinesh Thakkar, Chairman and Managing Director of Angel One, expressed pride in these results, calling it the "best-ever performance" across financial and operational metrics. This achievement highlights Angel One's robust operational efficiency and its commitment to delivering value to its clients and stakeholders.

Angel One's growth can be attributed to its increasing market share in the retail equity segment. With a reported 19.3% share in overall retail equity turnover, the company continues to strengthen its position against competitors, including well-known startups such as Zerodha and Groww. Additionally, Angel One's share in total demat accounts rose to 15.7%, compared to 13.2% a year ago, reflecting a growing client base that now stands at 2.75 crore, an increase of 11.2% on a quarter-on-quarter basis.

The surge in revenue and net profit comes at a time when trading activities across the market have been flourishing, providing Angel One with a favourable environment to expand its operations. The company added around 20,000 clients during the September quarter alone, further enhancing its market presence and reach.

Despite the impressive growth figures, shares of Angel One have seen a decline of about 22% so far this year. This downturn is attributed to rising expenses, particularly in employee and stock option costs related to onboarding talent in various sectors, including wealth management, technology, product development, and data analytics.

As Angel One continues to focus on enhancing its operational capabilities, it is poised to leverage its growing client base and market share. The company's strategic initiatives aimed at improving customer engagement and service offerings are expected to play a pivotal role in sustaining this growth trajectory.

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In conclusion, Angel One’s strong performance in Q2 FY25 underscores its competitive edge in the broking industry. With significant revenue growth and profitability, the company is well-positioned to capitalize on ongoing market trends and customer demands. As the financial landscape evolves, Angel One’s focus on innovation and client satisfaction will be crucial in navigating future challenges and opportunities.