Online discount brokers like Angel One, 5paisa, and Zerodha saw significant growth post-COVID, driven by increased retail participation in the stock market, low brokerage fees, and easy-to-use digital platforms. The pandemic led many people to explore alternative investment avenues, with these brokers offering cost-effective trading solutions.
India’s stock market remains underpenetrated, with only about 5-6% of the population actively investing, presenting a massive growth opportunity.
The younger, tech-savvy demographic and the rise of financial literacy further support this trend. Brokers are also expanding into mutual funds and SIPs, while technology-driven features like robo-advisors could enhance user experience. As financial inclusion improves and internet access broadens, online brokers are well-positioned for continued growth, especially in tier-2/3 cities and rural areas.
Share Price
The shares of Angel One Limited are currently trading at Rs. 2,381 down by 2.67% from its previous close of Rs. 2,446.5. The Stock also hit an intraday low of Rs. 2,274 which is 7% down from its last close before recovering some lost ground as of January 14, 2025.
Q3 Results
Angel One Ltd reported strong growth in its financial performance for December 2024 compared to December 2023. Sales grew by 19% from ₹1,059 crore in December 2023 to ₹1,262 crore in December 2024.
EBITDA increased by 24.6%, from ₹398 crore to ₹496 crore, reflecting improved operational efficiency. The operating profit margin (OPM) also improved slightly, rising from 38% in December 2023 to 39% in December 2024.
Net profit grew by 8.1%, from ₹260 crore to ₹281 crore. This indicates a solid performance, with top-line and bottom-line figures growth and higher operational efficiency, signaling a positive trend in Angel One’s financial health.
While the EPS and Operating profit of the company have fallen by 33% and 5% QoQ respectively. Additionally, the revenue and net profit have also dropped by 17% and 36% QoQ respectively
Management Commentary
Dinesh Thakkar, Chairman and Managing Director, said, “India’s capital market remains on a growth trajectory, reflecting increasing trust among retail investors. The evolving regulatory landscape has fostered greater client confidence, ensuring long-term retention and participation.”
“While a few regulations introduced this quarter caused a temporary industry-wide impact, we are confident that our aggressive client acquisition strategy, coupled with the normalization of client activity, will drive the renewed growth momentum in the coming quarters,” he added.
About the Company
Angel One Ltd is a diversified financial services company offering a wide range of products and services. It is primarily engaged in stock, commodity, and currency broking, institutional broking, margin trading, and depository services. Additionally, the company provides lending services as a Non-Banking Financial Company (NBFC) and acts as a corporate agent for insurance
companies. Angel One’s offerings include broking services, research, investment advisory, margin trading, loans against shares, distribution of third-party financial products, and investor education. The company caters to both retail and institutional clients, aiming to provide comprehensive financial solutions across various segments.
Written By: Dipangshu Kundu
