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Capital Markets company Angel One announced Q1FY24 results:
- Average Daily Turnover(ADTO):
- Rs 22.7 trillion in Q1FY24 vs Rs 18.5 trillion in Q4FY23, a growth of 23% on QoQ basis
- Rs 22.7 trillion in Q1FY24 vs Rs 9.4 trillion in Q1FY23, a growth of 142% on YoY basis
- Consolidated Total Gross Revenues:
- Rs 8,111 million in Q1FY24 vs Rs 8,311 million in Q4FY23, lower by 2% on QoQ basis
- Rs 8,111 million in Q1FY24 vs Rs 6,845 million in Q1FY23, a growth of 18% on YoY basis
- Consolidated EBDAT:
- Rs 3,056 million in Q1FY24 vs Rs 3,705 million in Q4FY23, lower by 18% on QoQ basis
- EBDAT Margin (as % of Net Income) stood at 48.6% in Q1FY24
- Rs 3,056 million in Q1FY24 vs Rs 2,491 million in Q1FY23, a growth of 23% on YoY basis
- Consolidated Profit After Tax From Continuing Operations:
- Rs 2,208 million in Q1FY24 vs Rs 2,670 million in Q4FY23, lower by 17% on QoQ basis
- Rs 2,208 million in Q1FY24 vs Rs 1,816 million in Q1FY23, a growth of 22% on YoY basis
- Dividend:
- The Board of Directors has recommended a dividend of Rs 9.25 per equity share of Rs 10/- each, as an interim, equivalent to 35% of consolidated profit after tax for the quarter
Commenting on Angel One’s performance, Dinesh Thakkar, Chairman & Managing Director said, "Angel One continues to deliver a strong performance, as we surpassed the 15 million clients’ mark, achieved our highest ever market share across retail overall equity turnover and NSE active clients.
We continued to invest in technology and product, as we refine client experience on all our digital platforms, and roll out key functionalities and enhancements regularly. This led to a significant improvement in overall NPS, to a historic high. I am happy to share that Angel One features in the Top-15 club of free finance apps across Playstore and Appstore, as we compete with banking, payment, lending, and wealth apps.
As a dominant retail-focused Fintech platform, we are expanding our financial services playbook. Our direct mutual fund journey on the Super App met with resounding success as we witnessed a 4-fold growth in registered SIPs, to become amongst the top 2 players in India, in terms of incremental registered SIPs. We are in the process of building partnerships to operationalise the distribution of consumer credit products during the current year.
We are augmenting our data analytics capabilities to harness the benefit of big data through our AI/ML capabilities and leverage the huge data lake. We plan to utilize this strength to cover our vast affiliate channel and build greater efficiencies there.
In our pursuit to become India’s most trusted and preferred Fintech brand, we will continuously explore opportunities that are synergic to this objective. In this context, we are also exploring inorganic acquisition and partnership opportunities, which could enhance and complement our existing and future offerings.
It gives me great pleasure to announce that we have been ranked 52nd amongst the top 100 Best Companies to Work for in India, by the “Great Place to Work” Institute, besides topping the Fintech Category and also being amongst the top 25 in the BFSI sector.”
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