Angel One Limited posts 44.6% profit surge in Q2 FY25, driven by robust client acquisition

Angel One Limited, the largest listed retail stockbroking firm in India, delivered an outstanding performance in Q2 FY25, shattering previous records across its key financial and operational metrics. The company announced a massive 44.6% increase in its profit after tax (PAT), reaching ₹4,234 million, up from ₹2,927 million in Q1 FY25. The strong results were driven by increased client acquisition, trading volumes, and the firm’s commitment to technological advancements.

The company’s consolidated revenues surged by 7.5% on a quarter-on-quarter basis, reaching ₹15,160 million. Meanwhile, the earnings before depreciation, amortization, and taxes (EBDAT) saw a remarkable growth of 42.5%, totaling ₹5,977 million. Angel One Limited’s EBDAT margin also improved, standing at an impressive 49.9% of total net income.

Historic Milestone for Client Acquisition

Angel One Limited continues to expand its market presence, having added 3 million new clients in Q2 FY25, representing a growth of 15.9% from the previous quarter. The total client base now stands at 27.5 million, showcasing an 11.2% quarter-on-quarter increase. The firm’s active client base on the National Stock Exchange also grew to 7.4 million, maintaining its position as one of the top two players in the market.

Dinesh Thakkar, Chairman and Managing Director of Angel One, expressed immense pride in the company’s performance, stating that the firm’s market share in retail equity turnover has steadily improved, and its focus on client satisfaction and technological innovations has been pivotal to its success. He also highlighted the successful launch of credit products and fixed deposits on the firm’s Super App, which continues to grow its share in mutual fund distribution.

Trading and Revenue Metrics on the Rise

The firm reported a 3.7% increase in its average daily turnover (ADTO) in Q2 FY25, totaling ₹45.4 trillion on a notional basis. The company’s overall equity market share rose to 19.3%, reflecting a gain of 42 basis points from the previous quarter. Additionally, Angel One Limited saw significant growth in its futures and options (F&O) segment, with turnover rising by 20.7%.

Experts within the financial services sector have pointed out that Angel One’s dominance in India’s stockbroking market is bolstered by its strategic focus on leveraging artificial intelligence, machine learning, and data science. These technologies have enabled the firm to offer cutting-edge digital services to its clients, helping them seamlessly navigate India’s evolving financial ecosystem.

Looking ahead, Angel One Limited is poised for continued growth as it broadens its product offerings and invests further in wealth management services. The company remains committed to delivering superior value to its clients through its expanding suite of services on its innovative Super App platform.

Expert Opinion: Angel One’s Focus on Technology and Client Growth

Financial analysts have hailed Angel One’s remarkable growth in Q2 FY25, emphasizing its robust client acquisition strategy and its aggressive push toward digital transformation. Industry experts believe that Angel One’s focus on leveraging AI and machine learning in its product offerings, such as the ARQ Prime recommendation engine, has been instrumental in its success.

“Their technological backbone is what sets them apart from competitors,” noted an expert in financial technologies, adding that Angel One’s Super App is fast becoming the one-stop solution for retail investors in India. The expert also pointed out that the company’s expanding product suite, including third-party financial products, will likely boost future profitability and client retention.