Hot Pursuit     04-May-23
Angel One client base jumps 47% YoY in April
Angel One announced that its client base jumped 46.6% to 14.13 million in April 2023 as against 9.64 million in April 2022.
On sequential basis, the company's client base rose by 2.6% month on month (MoM) from 13.78 million clients in March 2023.

Gross client acquisition stood at 0.38 million in April 2023, down 13.9% in March 2023 and down 13.5% in April 2022.

Angel's overall average daily turnover (ADTO) was at Rs 21,978 crore in April 2023, up 5.5% MoM and up 131.9% YoY. The company's ADTO from the F&O segment stood at Rs 21,639 crore in April 2023 (up 5.8% MoM and up 134.3% YoY). ADTO from the cash segment was at Rs 28 crore, up 14.7% MoM while down 45.3% YoY, and ADTO from the commodity segment stood at Rs 212 crore, down 9.3% MoM and up 110.6% YoY in April 2023.

The company's retail turnover market share in overall equity segment was 23.8% in April 2023 as against 23.8% in March 2023 and 21.3% in April 2022. F&O market share stood at 23.8% (up 3 bps MoM and up 242 bps YoY); cash market share was at 12.8% (up 83 bps MoM and down 120 bps YoY) in April 2023. The company's retail turnover market share in commodity segment was at 55.4% (down 142 bps MoM and up 1,219 bps YoY) in April 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.

The scrip was down 0.21% to Rs 1,226.80 in the BSE.

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