Hot Pursuit     06-Oct-23
Angel One gains as client base soars 48% YoY in September
Angel One advanced 2.15% to Rs 2,030.95 after the stockbroker's its client base jumped 47.6% to 17.07 million in September 2023 as against 11.57 million in September 2022.
On Sequential basis, the company's client base rose by 4.4% month on month (MoM) from 16.36 million in August 2023.

Gross client acquisition stood at 0.77 million in September 2023 as compared with 0.73 million in August 2023 (up 5.5%) and 0.39 million in September 2022 (up 97.7%).

Angel's overall average daily turnover (ADTO) was at Rs 32,49,300 crore in September 2023, up 14.4% MoM and up 136.5% YoY. The company's ADTO from the F&O segment stood at Rs 32,02,300 crore in September 2023 (up 14.4% MoM and up 138.5% YoY). ADTO from the cash segment was at Rs 5,300 crore (up 18.6% MoM while up 25% YoY) and ADTO from the commodity segment stood at Rs 32,300 crore (up 11.4% MoM and up 93.6% YoY) in September 2023.

The company's retail turnover market share in overall equity segment was 26.7% in September 2023 as against 25.9% in August 2023 and 21.6% in September 2022. F&O market share stood at 26.7% (up 73 bps MoM and up 507 bps YoY), cash market share was at 14.7% (up 126 bps MoM and up 154 bps YoY) in September 2023. The company's retail turnover market share in commodity segment was at 56.3% (down 87 bps MoM and up 306 bps YoY) in September 2023.

Further, the company's client base surged to 17.07 million in Q2 FY24, up 13.3% quarter on quarter (QoQ) and up 47.6% YoY. Gross client acquisition stood at 2.12 million in quarter ended 30 September 2023 (up 59.8% QoQ and up 79.7% YoY).

Angel's overall ADTO rose to Rs 29,62,100 crore in Q2 FY24 (up 30.3% QoQ and up 143.4% YoY).

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 21.59% to Rs 220.8 crore on 18.5% jump in total income to Rs 811.10 crore in Q1 FY24 over Q1 FY23.

Previous News
  Market at day's high; auto shares in demand
 ( Market Commentary - Mid-Session 27-Mar-24   12:33 )
  Angel One spurts on launching QIP; floor price at Rs 2,555.01/share
 ( Hot Pursuit - 27-Mar-24   12:17 )
  Angel One client base increases to 22.24 million in Mar'24
 ( Corporate News - 04-Apr-24   11:15 )
  Angel One allots 6,654 equity shares under ESOP
 ( Corporate News - 22-Dec-23   19:48 )
  Angel One to hold board meeting
 ( Corporate News - 22-Dec-23   10:48 )
  Angel One spurts as client base climbs 58% YoY in January
 ( Hot Pursuit - 07-Feb-24   10:40 )
  Angel One fixes record date for 1st interim dividend
 ( Market Beat - Reports 14-Jul-23   09:25 )
  Angel One consolidated net profit rises 21.65% in the June 2023 quarter
 ( Results - Announcements 14-Jul-23   07:35 )
  Angle One client base in Sep jumps 48% YoY basis
 ( Corporate News - 06-Oct-23   09:15 )
  Angel One announces board meeting date
 ( Corporate News - 08-Aug-23   17:01 )
  Angel One gains as client base soars 48% YoY in September
 ( Hot Pursuit - 06-Oct-23   10:07 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top