Total income rose marginally to Rs 1060.8 crore in Q3 FY24 from Rs 1,049.3 crore posted in Q2 FY24.

The company’s QoQ performance was impacted due to higher growth in cash segment orders, modification in cash intraday tariff structure and higher client acquisition led to higher opex.

On year on year basis, the brokerage firm’s net profit grew 14.17% and total income jumped 39.63% in Q3 FY24.

Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q3 FY24 stood at Rs 364.1 crore (up 18% YoY and down 13% QoQ). Sequentially, EBDAT was impacted due to 1.7% QoQ decline in net broking income and 16.6% QoQ increase in expenses. EBDAT margin (as % of net income) was at 44% in Q3 FY24.

Total client base improved to 19.5 million, up 14% QoQ and 55.5% YoY.

Average daily turnover (ADTO) was at 36,00,000 crore during the quarter (up 21.4% QoQ and 148.5% YoY).

Dinesh Thakkar, chairman & managing director said, “we acquired more than a million clients in a month and 2.5 million clients in a quarter for the first time, accounting for nearly a quarter of the industry’s net client addition.”

Meanwhile, the company board has declared a third interim dividend of Rs 12.70 per share for FY24. The record date for the same is fixed on Tuesday, 23 January 2023 and the dividend will be paid on or before 14 February 2024.

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.