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.

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