On Thursday, shares of one of India’s leading full-service retail broking firm surged by 8.7% to ₹3,099 per share following the announcement of strong Q4 results, which showed a 27% increase in net profit (YoY) and a 64% rise in revenue. 

At 2:30 p.m., shares of Angel One Ltd were trading at ₹2,838 on the National Stock Exchange, reflecting a 0.48% decrease from the previous closing price. The company currently holds a market capitalization of ₹25,458 crore. 

In the fourth quarter of the fiscal year 2024 (Q4FY24), Angel One Ltd posted a consolidated net profit of ₹340 crores, representing a 31% rise from the ₹260 crores reported in the previous quarter (Q3FY24). Moreover, the company’s total revenue for Q4 FY24 surged by 28%, reaching ₹1,357 crores compared to ₹1,059 crores in the same quarter of the previous year. 

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In the fiscal year 2023-24, the company’s consolidated net profit rose by 26% to ₹1,126 crore from ₹890 crore in FY22-23. Likewise, the total revenue for the same period increased by 42%, reaching ₹4,272 crores compared to ₹3,002 crores in the previous fiscal year, as indicated in the company’s filing. 

On a year-on-year basis, the company’s net profit increased by 27%, rising from ₹267 crore in Q4FY23 to ₹340 crore in Q4FY24. Additionally, revenue grew by 64% during the same period, increasing from ₹826 crore to ₹1,357 crore. 

In the fourth quarter of the current fiscal year, the company saw a 37.2% increase in EBITDA, reaching ₹529.7 crore compared to ₹386 crore in the same period last year. However, the EBITDA margin declined to 39%, down from 46.7% in the previous fiscal year. 

The company’s gross revenue has surged by 63%, rising from ₹831 crore in Q4FY23 to ₹13,585 crore in Q4FY24. In Q4FY24, 68% of the revenue came from the broking division, 18% from the interest business segment, 4% from the depository business segment, and 8% from Ancillary Transaction Charges. 

Angel One Ltd, a diversified financial services company, saw its client base surge by 86%, growing from 4.6 million in FY23 to 8.5 million in FY24. The company specializes in stock, commodity, and currency broking, institutional broking, margin trading facilities, depository services, mutual fund distribution, lending as an NBFC, and acting as corporate agents for insurance companies. 

Over the past six months, Angel One Ltd’s shares have risen by 31%, and over the last 12 months, they have surged by an impressive 118%. 

Written by Omkar Chitnis 


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