Hot Pursuit     07-Feb-24
Angel One spurts as client base climbs 58% YoY in January
Angel One rallied 6.04% to Rs 3,318 after the brokerage company’s client base surged 58.49% to 20.43 million in January 2024 as against 12.89 million in January 2023.
On sequential basis, the company's client base grew by 5.03% month on month (MoM) from 19.45 million in December 2023.

Gross client acquisition stood at 1.03 million in January 2024 as compared with 0.39 million in January 2023 (up 162.7%) and 1.05 million in December 2023 (down 1.90%).

Angel's overall average daily turnover (ADTO) rose to Rs 43,87,900 crore in Q3 FY24, up 4.43% QoQ and up 157.79% YoY. The company's ADTO from the F&O segment stood at Rs 43,36,400 crore in January 2024 (up 4.39% MoM and up 159.29% YoY). ADTO from the cash segment was at Rs 8,100 crore (up 12.5% MoM and up 186% YoY) and ADTO from the commodity segment stood at Rs 36,000 crore (up 7.78% MoM and up 144.8% YoY) in January 2024.

The company's turnover market share in cash market share was at 15.6% (up 70 bps MoM and up 260 bps YoY) in January 2024.The company's turnover market share in commodity segment was at 59.7% (down 163 bps MoM while up 858 bps YoY) during the period under review.

Angel's average daily orders (ADO) stood at Rs 7.56 million in January 2024, up 10.2% MoM and up 84.6% 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 declined 14.52% to Rs 260.3 crore in Q3 FY24 as against Rs 304.5 crore recorded in Q2 FY24. Total income rose marginally on YoY basis to Rs 1060.8 crore in the quarter ended 31 December 2023.

Previous News
  Angel One consolidated net profit rises 21.65% in the June 2023 quarter
 ( Results - Announcements 14-Jul-23   07:35 )
  Angel One gains as Q1 PAT rises 22% YoY to Rs 221 cr
 ( Hot Pursuit - 14-Jul-23   09:50 )
  Angel One fixes record date for 1st interim dividend
 ( Market Beat - Reports 14-Jul-23   09:25 )
  Angel One schedules EGM
 ( Corporate News - 23-Feb-24   17:44 )
  Angel One arm incorporates wholly owned subsidiary in Maharashtra
 ( Hot Pursuit - 03-Jun-24   08:23 )
  Angel One fixes record date for final dividend
 ( Market Beat - Reports 29-May-23   15:26 )
  Angel One client base rises 46% YoY in August
 ( Hot Pursuit - 05-Sep-23   09:40 )
  Angel One announces change in Chief Product and Technology Officer
 ( Corporate News - 04-Sep-23   17:13 )
  Angel One consolidated net profit rises 30.40% in the March 2023 quarter
 ( Results - Announcements 18-Apr-23   07:36 )
  Angel One onboards Amit Majumdar as Executive Director - Strategic Initiatives
 ( Corporate News - 17-Apr-23   19:05 )
  Board of Angel One recommends Final Dividend
 ( Corporate News - 18-Apr-23   09:58 )
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