Hot Pursuit     05-Jul-23
Angel One client base jumps 45% YoY in June
The brokerage company said that its client base jumped 44.7% to 15.06 million in June 2023 as against 10.41 millions recorded in June 2022.

On sequential basis, the company's client base rose by 3.2% month on month (MoM) from 14.59 million clients in May 2023.

Gross client acquisition stood at 0.48 million in June 2023 as compared with 0.46 million in May 2023 (up 3.1%) and 0.34 million in June 2022 (up 40%).

Angel's overall average daily turnover (ADTO) was at Rs 24,05,100 crore in June 2023, up 9.1% MoM and up 146.3% YoY. The company's ADTO from the F&O segment stood at Rs 23,63,300 crore in June 2023 (up 9.1% MoM and up 146.9% YoY). ADTO from the cash segment was at Rs 3,700 crore (up 8.5% MoM while up 22% YoY) and ADTO from the commodity segment stood at Rs 28,000 crore (up 16.6% MoM and up 157.9% YoY) in June 2023.

The company's retail turnover market share in overall equity segment was 25.8% in June 2023 as against 23.9% in May 2023 and 21.2% in June 2022. F&O market share stood at 25.8% (up 192 bps MoM and up 458 bps YoY), cash market share was at 13.8% (up 45bps MoM and down 32bps YoY) in June 2023.The company's retail turnover market share in commodity segment was at 57.9% (up 91 bps MoM and up 1,254 bps YoY) in June 2023.

Further, the company's client base surged to 15.06 million in Q1 FY24, up 9.3% quarter on quarter (QoQ) and up 44.7% YoY. Gross client acquisition stood at 1.33 million in quarter ended 30 June 2023 (up 2.5% QoQ and up 5.4% YoY).

Angel's overall ADTO rose to Rs 22,72,600 crore in Q1 FY24 (up 22.9% QoQ and up 141.8% 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 30.37% to Rs 267 crore on 21.6% jump in total income to Rs 831.09 crore in Q4 FY23 over Q4 FY22.

Shares of Angel One declined 0.10% to Rs 1772.55 on the BSE.

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