Hot Pursuit     06-Apr-23
Angel One gains as client base jumps in March
Angel One rose 2.25% to Rs 1194.90 after the brokerage company said its client base jumped 49.5% to 13.78 million in March 2023 as against 9.21 millions recorded in March 2022.
On sequential basis, the company's client base rose by 3.3% month on month (MoM) from 13.33 million clients in February 2023.

Gross client acquisition stood at 0.45 million in March 2023, down 1.8% over February and down 6.9% over March 2022.

Angel's overall average daily turnover (ADTO) was at Rs 20,828 crore in March 2023, up 18.5% MoM and up 135.5% YoY. The company's ADTO from the F&O segment stood at Rs 20,453 crore in March 2023 (up 18.5% MoM and up 138.2% YoY). ADTO from the cash segment was at Rs 24 crore, down 9.5% MoM and down 46.2% YoY, and ADTO from the commodity segment stood at Rs 233 crore, up 24.2% MoM and up 90.4% YoY in March 2023.

The company's retail turnover market share in overall equity segment was 23.8% in March 2023 as against 22.6% in February 2023 and 21.1% in March 2022. F&O market share stood at 23.8% (up 120 bps MoM and up 262 bps YoY); cash market share was at 11.2% (down 147 bps MoM and down 287 bps YoY) in March 2023. The company's retail turnover market share in commodity segment was at 56.8% (down 3 bps MoM and up 1,445 bps YoY) in March 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 company's consolidated net profit (from continuing operations) surged 38.53% to Rs 228.04 crore on 25.5% jump in total income to Rs 759.66 crore in Q3 FY23 over Q3 FY22.

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 ( Hot Pursuit - 06-Apr-23   10:22 )
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