As compared with Q1 FY23, the company's net profit and total income were higher by 38% and 29%, respectively.

Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q2 FY24 stood at Rs 418.5 crore (up 37% QoQ and up 43% YoY). EBDAT margin (as % of net income) was at 51.3% in the quarter ended 30 September 2023.

Total client base improved to 17.1 million, up 13.3% QoQ and 47.6% YoY.

Average daily turnover (ADTO) was at 29,06,000 crore during the quarter (up 30.3% QoQ and 143.4% YoY).

Dinesh Thakkar, chairman & managing director said, “We continue to make investments in refining various journeys to ensure a seamless and superior experience. We meticulously fine-tuned the onboarding process and introduced a range of innovative features, resulting in heightened client satisfaction. These efforts have not only elevated our NPS and Playstore rankings but have also expanded our market share in India's demat accounts and retail equity turnover.

Meanwhile, the company has declared second interim dividend of Rs 12.70 per share for financial year 2023-2024. The record date for the same is fixed on Friday, 20 October 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.