Angel One stock gains after profit, revenue grows in Q1FY25

So far this year, the stock of the broking firm languished by 34 percent, underperforming benchmark Nifty 50 index that rose by 11 percent during the same period

Shares of Angel One surged by 2 percent to Rs 2,325 per share on July 16 after net profit jumped by 36 percent year-on-year (YoY) to Rs 297 crore in the April-June quarter (Q1FY25).

So far this year, the stock of the broking firm languished by 34 percent, underperforming benchmark Nifty 50 index that rose by 11 percent during the same period. Earlier, Angel One had hit 52-week high of Rs 3,900 per share on January 9, 2024.

Catch all the market action on our LIVE blog

Angel One's revenue jumped by 74 percent YoY to Rs 1,394 crore in Q1FY25 as against Rs 802 crore in the year-ago period. At the operating level, the company's EBITDA increased nearly 49 percent YoY to Rs 474 crore from Rs 317 crore in the year-ago period.

Meanwhile, the company's EBITDA margin stood at 34 percent in the June-ended quarter as compared to 39.6 percent in the year-ago period. In Q1FY25, they added 2.6 million clients, down 10.5 percent on a sequential basis. The client base stood at 24.7 million, up 11.2 percent QoQ in Q1FY25.

ALSO READ: Angel One assures data integrity, denies any new leak of customer data

Commenting on Q1 results, Dinesh Thakkar, chairman and managing director said, "Growing client base to nearly 25 million, sustained healthy order run rate at over 460 million, high average daily turnover at nearly Rs 44 trillion, expanding share in India’s demat accounts, NSE active client base and overall retail equity turnover reflects the strength of our platform and its execution capabilities."

Analysts at Motilal Oswal shared a 'buy' rating on Angel One following its healthy Q1 results. "The company is undertaking a change in its business model, wherein incrementally the focus will be on gaining market share in the cash segment, along with strong growth in distribution revenues, over the next 2-3 years. Growth in distribution segment will be driven by loans, insurance and few other products. The management continues to invest in technology to strengthen its position," the brokerage firm said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.