Hot Pursuit     04-Jan-24
Angel One hits life high as client base climbs 56% YoY in December
Angel One surged 5.74% to Rs 3681.35 after the brokerage company’s client base jumped 55.5% to 19.45 million in December 2023 as against 12.51 million in December 2022.

On sequential basis, the company's client base grew by 5.4% month on month (MoM) from 18.45 million in November 2023.

Gross client acquisition stood at 1.05 million in December 2023 as compared with 0.33 million in December 2022 (up 221.5%) and 0.32 million in November 2023 (up 53.6%).

Angel's overall average daily turnover (ADTO) was at Rs 42,01,400 crore in December 2023, up 22.3% MoM and up 156.2% YoY. The company's ADTO from the F&O segment stood at Rs 41,53,900 crore in December 2023 (up 22.4% MoM and up 158.6% YoY). ADTO from the cash segment was at Rs 7,200 crore (up 44.3% MoM and up 102.6% YoY) and ADTO from the commodity segment stood at Rs 33,400 crore (up 3.6% MoM and up 89.7% YoY) in December 2023.

The company's retail turnover market share in overall equity segment was 27.1% in December 2023 as against 26.7% in November 2023 and 21.8% in December 2022. F&O market share improved to 27.2% (up 39 bps MoM and up 532 bps YoY), cash market share was at 14.9% (down 38 bps MoM and up 218 bps YoY) in December 2023.The company's retail turnover market share in commodity segment was at 60.2% (up 352 bps MoM and up 757 bps YoY) during the period under review.

Further, the company's client base jumped to 19.45 million in Q3 FY24, up 14% quarter on quarter (QoQ) and up 55.5% YoY. Gross client acquisition stood at 2.46 million in quarter ended 30 December 2023 (up 16.2% QoQ and up 149.1% YoY). Angel's overall ADTO rose to Rs 35,97,100 crore in Q3 FY24 (up 21.4% QoQ and up 148.5% 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) jumped 42.56% to Rs 304.5 crore in Q1 FY24 as compared with Rs 213.6 crore in Q2 FY23. Total income increased by 40.6% to Rs 1,047.9 crore in Q2 FY24 as against Rs 745.3 crore posted in Q2 FY23.

The scrip hit an all time high of Rs 3,749 in intraday today.

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