Hot Pursuit     05-Jun-23
Angel One rises as client base jumps 45% YoY in May
Angel One gained 1.51% to Rs 1,332.35 after its client base jumped 44.5% to 14.59 million in May 2023 as against 10.10 million in May 2022.
On sequential basis, the company's client base rose by 3.3% month on month (MoM) from 14.13 million clients in April 2023.

Gross client acquisition stood at 0.46 million in May 2023 as compared with 0.38 million in April 2023 (up 20.4%) and 0.47 million in May 2022 (down 1.7%).

Angel's overall average daily turnover (ADTO) was at Rs 22,037 crore in May 2023, up 0.3% MoM and up 146.4% YoY. The company's ADTO from the F&O segment stood at Rs 21,671 crore in May 2023 (up 0.1% MoM and up 148.3% YoY). ADTO from the cash segment was at Rs 34 crore, up 20.5% MoM while down 9.2% YoY, and ADTO from the commodity segment stood at Rs 240 crore, up 13.2% MoM and up 127.9% YoY in May 2023.

The company's retail turnover market share in overall equity segment was 23.9% in May 2023 as against 23.8% in April 2023 and 19.9% in May 2022. F&O market share stood at 23.9% (up 8 bps MoM and up 401 bps YoY); cash market share was at 13.4% (up 56 bps MoM while down 23 bps YoY) in May 2023. The company's retail turnover market share in commodity segment was at 57% (up 156 bps MoM and up 1,119 bps YoY) in May 2023.

Angel One is the largest listed retail stock broking house in India, in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and network of authorized persons.

The brokerage company's consolidated net profit (from continuing operations) surged 30.37% to Rs 267 crore on 21.6% jump in total income to Rs 831.09 crore in Q4 FY23 over Q4 FY22.

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