Shares of Angel One will be in focus heading into trade on Friday after it posted strong earnings for the March quarter. Profit after tax came in at Rs 320 crore in Q4, up 84% year-on-year and 19% sequentially. Total orders reached 43.1 crore, a 13% sequential increase and the highest level in six quarters. The company’s client base grew to 3.74 crore, taking its share of India’s demat accounts to 16.7%.
While activity in the cash segment saw a marginal decline, strong traction in derivatives and commodities helped drive overall order growth. Wealth management assets under management rose 23% sequentially to Rs 10,080 crore. Asset management AUM stood at Rs 360 crore. Credit disbursals declined 15% sequentially to Rs 610 crore. Management said the performance was driven by a recovery in client participation and increased use of digital platforms.
Angel One is evolving into a full-stack digital financial services platform, focusing on wealth, asset management, and credit.
