Stock Broker's Shares Decline 7 Per Cent Amid 33.5 Per Cent QoQ Profit Dip

The company reported 33.5 per cent drop in net profits compared to Rs 423.38 crore in Q2 FY25. Revenue from operations also fell 17 per cent QoQ, leading to a fall in the share price.

Angel One Ltd., a leading stock broker, reported 33.5 per cent drop in net profits compared to Rs 423.38 crore in Q2 FY25. Revenue from operations also fell 17 per cent QoQ, leading to a fall in the share price. The stock traded 7.1 per cent lower, hitting an intraday low of Rs 2,274 on the NSE.

Financial Performance
Angel One’s revenue from operations in Q3 FY25 stood at Rs 1,262.20 crore, reflecting a 19.2 per cent increase from Rs 1,059.04 crore in the corresponding quarter of the previous fiscal year.

The company’s consolidated net profit (PAT) rose by 8 per cent YoY to Rs 281.47 crore in Q3 FY25, up from Rs 260.31 crore in Q3 FY24. Sequentially, however, PAT declined 33.5 per cent from Rs 423.38 crore in the July-September quarter.

Angel One reported a total client base of 29.5 million at the end of the December quarter, marking a 7.4 per cent QoQ growth. Active clients on the NSE stood at 7.8 million, reflecting a 5.5 per cent QoQ increase.

Stock Market Performance
Over the past year, Angel One shares have declined by 38.82 per cent, underperforming the Nifty 50, which rose by 4.8 per cent in the same period. The company’s market capitalization is Rs 21,398 crore. The stock has a 52-week high of Rs 3,895 and a 52-week low of Rs 2,025.

About the Company
Angel One Ltd. is a diversified financial services firm engaged in stock, commodity, and currency broking, institutional broking, depository services, mutual fund distribution, and providing lending facilities as a non-banking financial company (NBFC). The company also serves as a corporate agent for insurance companies.

Disclaimer: This article is for informational purposes only and not investment advice.