As compared with Q3 FY23, Angel One's net profit and total income were higher by 17.11% and 9.4%, respectively.

Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q4 FY23 was at Rs 370.5 crore, up by 19.6% from Rs 309.9 crore recorded in Q3 FY23. EBDAT margin (as % of net income) expanded to 57.5% in quarter ended 31 March 2023.

Total client base improved to 13.8 million in Q4 FY23, up 10.1% QoQ and 49.5% YoY.

Average daily turnover (ADTO) was at Rs 18,50,000 crore during the quarter (up 27.7% QoQ and up 114.3% YoY).

On full year basis, the company's consolidated net profit (from continuing operations) climbed 42.41% to Rs 890.2 crore on 31.5% rise in total income to Rs 3,021.12 crore in FY23 over FY22.

Meanwhile, the firm's board has recommended dividend of Rs 4 per equity share for the financial year 2022-23, equivalent to 43% of consolidated profit after tax for the quarter. The dividend, if approved by the members of the company at the ensuing Annual General Meeting (AGM), will be paid within 30 days from date of AGM.

Dinesh Thakkar, chairman & managing director, said, “FY23 has a been a strong year for Angel One. The company has delivered on all operating parameters. The fundamental principle at Angel One has always been to stay focused on unit economics and run a profitable business, keeping clients at the centre while enhancing their experience and “wow” quotient with the Angel One app.”

He further added, “Angel One through its Super-App strategy is well positioned to partner and offer multiple products. The business model is robust to deliver profitable unit economics across all cohorts. The robustness of our FinTech model demonstrates a very healthy LTV:CoA of 7.8x based on the first 3 years of aggregate client revenues. As clients increase their engagement on the platform, the LTV:CoA will have a long runway of growth.”

Separately, the company's board, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Amit Majumdar as an additional executive whole time director on the board of the company with immediate effect from 7 April 2023.

In his new role, Majumdar will be responsible for driving strategic initiatives to further strengthen Angel One's position in the fintech industry and accelerate its growth.

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.