As compared with Q4 FY23, the company's net profit and total income were lower by 17.3% and 2.41%, respectively.

Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q1 FY24 stood at Rs 305.6 crore (down 18% QoQ and up 23% YoY). EBDAT margin (as % of net income) was unchanged at 48.6% in the quarter ended 30 June 2023.

Total client base improved to 15.1 million in Q1 FY24, up 9.3% QoQ and 44.7% YoY.

Average daily turnover (ADTO) was at Rs 22,70,000 crore during the quarter (up 22.9% QoQ and up 141.8% YoY).

Dinesh Thakkar, chairman & managing director of Angel One, said, ”Angel One continues to deliver a strong performance, as we surpassed the 15 million clients' mark, achieved our highest ever market share across retail overall equity turnover and NSE active clients. We continued to invest in technology and product, as we refine client experience on all our digital platforms, roll out key functionalities and enhancements regularly. This led to a significant improvement in overall NPS, to a historic high.

As a dominant retail focused Fintech platform, we are expanding our financial services playbook. Our direct mutual fund journey on the Super App met with resounding success as we witnessed a 4-fold growth in registered SIPs, to become amongst top 2 players in India, in terms of incremental registered SIPs. We are in the process of building partnerships to operationalise the distribution of consumer credit products during the current year.

We are augmenting our data analytics capabilities to harness the benefit of big data through our AI/ML capabilities and leverage on the huge data lake. We plan to utilize this strength to cover our vast affiliate channel and build greater efficiencies there. In our pursuit to become India's most trusted and preferred Fintech brand, we will continuously explore opportunities that are synergic to this objective. In this context, we are also exploring inorganic acquisition and partnership opportunities, which could enhance and complement our existing and future offerings.”

Meanwhile, the firm's board has declared first interim dividend of Rs 9.25 per equity share for the financial year 2023-24. The record date for the same is fixed on Friday, 21 July 2023.

Further, the company informed that Deepak Chandani has been appointed as chief data officer of the firm with effect from 13 July 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.