Angel One Q2 Results: Profit Surges 79% as AUM Rises 17%
Angel One Ltd., a leading financial services company, has reported a strong set of Q2 results, with net profit soaring 78.8% sequentially to Rs 294 crore. The company’s total income also rose 5.3% quarter-on-quarter to Rs 1,056 crore, driven by growth in its core business segments.
Key Highlights of Q2 Results
- Net profit surged 78.8% sequentially to Rs 294 crore
- Total income rose 5.3% quarter-on-quarter to Rs 1,056 crore
- Assets under management (AUM) increased 16.8% sequentially to Rs 400 crore
- Wealth management AUM rose 21.3% to Rs 6,140 crore
- Client base expanded to over 1,250
Segment-Wise Performance
The company’s brokerage segment saw a 5% rise in total orders at 36 crore, driven by a 7.2% jump in F&O orders. However, cash orders fell 2.2% in the quarter ended September.
The average funding book in the second quarter was at Rs 5,310 crore, while total unique SIPs registered rose 23.8% quarter-on-quarter to 2.4 million. Credit disbursals also saw a 97% jump to Rs 4.6 billion.
Management Commentary
Commenting on the results, Ambarish Kenghe, Group CEO, said, ‘Momentum across businesses remains strong — Mutual fund SIPs touched record high, credit disbursals nearly doubled and Ionic Wealth crossed over ₹61 billion in AUM.’
The company’s strong performance in Q2 is a testament to its ability to navigate the challenging market conditions and deliver growth across its business segments. To learn more about how to invest in stock market, visit our website.
Stock Market Reaction
The earnings announcement came after market closing on Wednesday, and the shares closed 1.69% higher at Rs 2,445.20 crore, outperforming the 0.71% advance in Nifty 50. The shares of Angel One have fallen 24.17% in the last one year but have risen 16.59% year-to-date.
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Conclusion
In conclusion, Angel One’s Q2 results are a positive indication of the company’s growth prospects and its ability to deliver strong performance across its business segments. The company’s focus on wealth management and brokerage segments is expected to drive growth in the coming quarters.
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