Angel One Limited  Average Daily Orders M-O-M Grow 17.0%

Angel One Limited, a prominent player in India's financial services sector, has revealed impressive growth metrics for the month of June 2024, showcasing a robust 17.0% increase in Average Daily Orders (ADO) compared to May 2024. This surge highlights the company's strong operational performance amidst dynamic market conditions.

Key Highlights:

1. Monthly Performance: Angel One observed an Average Daily Orders figure of 8.84 million in June 2024, up from 7.56 million in May 2024, marking a significant 17.0% month-on-month growth.
2. Year-on-Year Comparison: Compared to June 2023, where the Average Daily Orders stood at 4.27 million, this year's performance reflects an impressive 107.1% increase, underscoring substantial year-over-year growth.
3. Client Base Expansion: The company reported a robust growth in its client base, reaching 24.72 million by June 2024, up from 15.06 million in June 2023, indicating a remarkable 64.2% year-on-year expansion.
4. Market Share and Turnover: Angel One's market share in various segments, including cash and commodities, also showed positive trends. Notably, the Cash Turnover Market Share increased to 16.4% in June 2024, up from 13.8% in June 2023, showcasing a 259 basis points improvement year-over-year.
5. Strategic Insights: The company's strategic focus on enhancing client acquisition and expanding its funding book has proven effective, with an Average Client Funding Book of Rs. 30.38 billion, reflecting a substantial 172.1% growth compared to June 2023.

Angel One's notable performance metrics in June 2024, particularly the 17.0% month-on-month growth in Average Daily Orders, underscore its robust operational capabilities and strategic vision. As the company continues to expand its client base and enhance service offerings, it is poised to capitalize on emerging opportunities in India's dynamic financial markets.

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Angel One Limited

Founded in 1996 as a traditional stock brokerage firm, Angel One Limited has evolved into a leading digital-first company in India's financial services sector. Emphasizing customer empathy and technological innovation, Angel One embarked on its digital journey in 2019, revolutionizing the investment landscape with a comprehensive, app-based financial platform.

By prioritizing customer needs and leveraging advanced technology, Angel One has expanded its footprint across diverse geographies, catering to millions of clients including those in tier-2 and tier-3 cities. As of December 2021, the company stands as the largest listed retail broking house in India by active clients on the NSE, reflecting its commitment to excellence and customer-centric approach over 25 years of service.