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Capital Markets company Angel One announced Q4FY24 results:
Financial Performance:
- Total Income for Q4FY24 was Rs 13,585 million, a quarterly increase of 28%.
- EBDAT (Earnings Before Depreciation, Amortization, and Taxes) reached Rs 4,755 million in Q4FY24, up 30.6% QoQ.
- PAT (Profit After Tax) stood at Rs 3,400 million in Q4FY24, increasing by 30.6% from Q3FY24.
Client Base and Acquisition:
- Total client base expanded to 22.2 million, a 14.3% increase from the previous quarter, and a 61.5% increase year-over-year.
- Gross Client Acquisition in Q4FY24 was 2.9 million, signifying a 17.2% increase over the last quarter and a 123.7% growth compared to the previous year.
- Angel One's share in India’s Demat Accounts rose to 14.7%, up by 72 basis points within the quarter and 266 basis points annually.
- The NSE Active Client Base is now at 6.1 million, marking a 14.5% increase from the previous quarter and a 42.7% rise year-over-year.
Client Activity:
- Number of Orders processed reached a record 471 million in Q4FY24, a 34.5% increase from Q3FY24.
- The NSE Active Client Rank is maintained at 2nd, with their share in NSE Active Client at 15.0%, increasing by 24 basis points from the last quarter.
Trading Volumes:
- Average Daily Turnover (ADTO) was Rs 44.4 trillion in Q4FY24, a surge of 23.3% from Q3FY24.
- The Turnover Market Share for Equity (based on Option Premium) stood at 18.1% for Q4FY24, an increase of 83 basis points from the previous quarter.
Commenting on Angel One’s performance, Dinesh Thakkar, Chairman & Managing Director said, "Angel One has always focused on innovation to fulfill its unwavering commitment to client-centricity. In the journey we have traversed, Angel One has achieved many milestones and garnered trust from its clients. FY24’s performance resonates the same, as we delivered a historic performance yet again. We have built a solid roster of clients, with strong behavioral traits, who not only transact with us but also advocate for us, with each cohort consistently giving us revenues every year. We recently completed a capital raise of Rs 15 billion to capitalize on the business for future growth.
We are delighted to share that Angel One has once again delivered a historic performance during the quarter, as we clocked our highest ever quarterly gross client acquisition at 2.9 million, expanding our client base to over 22 million. Our clients executed over 470 million orders during the quarter, which is also our lifetime high, facilitating our best quarterly financial performance.”
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