Tue Oct 15 11:03:44 UTC 2024: ## Angel One Reports Record Revenue and Profit, Adding 3 Million Clients in Q2 FY25

**Mumbai, October 15, 2024** – Angel One, India’s largest independent listed full-service retail broking house, has announced record revenue and profit for the second quarter of Fiscal Year 25 (FY25). The company’s consolidated net profit surged by 39% year-on-year (YoY) to Rs 4.2 billion, while total revenue jumped 44% to Rs 15.2 billion, marking the highest ever recorded for the company.

The impressive performance comes on the back of a 15.9% sequential increase in client base, with Angel One adding 3 million clients during the quarter, bringing its total client base to 27.5 million. This growth is attributed to the company’s focus on attracting young investors, particularly millennials in Tier II, III, and IV cities, many of whom are first-time entrants to the financial market.

Commenting on the results, Angel One Managing Director Dinesh Thakkar highlighted the company’s increasing market share, reaching 19.3% of the overall retail equity turnover. He expressed confidence in the future prospects of the capital market segment, with the addition of new demat accounts indicating a growing market. Angel One plans to capitalize on this trend through its asset-light model, focusing on innovation, client experience enhancement, and sustainable business practices.

The company’s strong performance is reflected in its financial growth over the past three years. Revenue has grown at a CAGR of 49%, while net profit has grown at a CAGR of 55%. This has resulted in strong return ratios for the company.

Despite the positive outlook, investors are cautioned to consider the volatility associated with the Futures & Options (F&O) segment, which contributes a significant portion of Angel One’s revenue. Additionally, the company faces intense competition from unlisted players like Zerodha and Groww.

Angel One’s share price has reacted positively to the earnings announcement, gaining 13% in the last five days and 16% in the last month. The stock is currently trading at Rs 3,128, up 14% from its previous close.

**Disclaimer:** This news article is for informational purposes only and should not be considered as investment advice.

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