Angel One Q2 Results Performance with ₹1,509.00 Crores in Revenue

Angel One Q2 Results: Angel One, formerly known as Angel Broking, recently released its Q2 financial results for September 2024. The total revenue for this quarter was ₹1,509.00 crores, showing a strong increase compared to the previous quarter (QoQ), where it was ₹805.50 crores. This rise indicates significant growth in the company's operations. When looking at year-over-year (YoY) results, the total revenue also increased from ₹1,046.10 crores in September 2023, demonstrating a healthy growth trend.

Angel One’s net income for this quarter was ₹423.37 crores, which is much higher than the ₹220.80 crores reported in the previous quarter (QoQ). This significant rise in net income highlights the company's improved profitability. Furthermore, when comparing year-over-year (YoY) figures, net income also grew from ₹304.50 crores in September 2023, indicating consistent performance and growth.

Angel One’s diluted normalized earnings per share (EPS) increased to ₹46.08, up from ₹26.15 in the previous quarter (QoQ) and ₹35.88 a year ago (YoY). Overall, Angel One's financial performance shows strong growth in both quarter-on-quarter (QoQ) and year-over-year (YoY) comparisons, reflecting the company's robust business strategies and market position.

Here's the quarterly financial summary for Angel Broking's Q2 results, presented in a simple and clear table format:

(Rs. in crores, except the shares)

Source: Here 

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Angel One Q2 Results

Angel One Q2 Results: Angel One’s total revenue for the quarter was about ₹15,147 million. This includes income from interest, fees, commissions, and gains from the value of financial products. The total income for the six months was ₹29,260 million.

Angel One’s report lists the expenses, which were about ₹9,439 million for the quarter. These expenses included finance costs, employee salaries, and other operational costs. After subtracting expenses from revenue, the profit before tax for the quarter was ₹5,721 million. The company then paid taxes, which totaled about ₹1,487 million, resulting in a profit of ₹4,234 million for the period.

Angel One’s total profit for the quarter was ₹4,234 million. Additionally, the earnings per share for shareholders were reported, showing how much profit each share earned. 

Here’s a clear and structured summary of the unaudited consolidated financial results for the quarter and six months ended September 30, 2024. 

The results are presented in Rs. in millions:

Angel One Stock Metrics

The One Stock Metrics table provides important financial information about a company called Referthis. The market cap is ₹ 27,872 crore, showing how valuable the company is in the market. The current price of its shares is ₹ 3,092. The highest price for the stock was ₹ 3,900, while the lowest was ₹ 2,025. The stock P/E ratio is 21.2, which helps investors understand if the stock is over or undervalued. The book value is ₹ 585, indicating the company's net worth. The dividend yield of 1.14% shows the return on investment from dividends. 

Here's the information about Referthis in a simple table format:

Quarterly Results

Angel One's financial results for March, June, and September 2024 show strong growth. In March 2024, the company reported sales of ₹1,357 crores and a net profit of ₹340 crores, indicating healthy earnings. However, by June 2024, sales slightly increased to ₹1,405 crores, but net profit decreased to ₹293 crores, partly due to higher expenses. By September 2024, Angel One bounced back, achieving sales of ₹1,515 crores and a net profit of ₹423 crores, showing a strong recovery. 

Here are the quarterly results for March 2024, June 2024, and September 2024 with particulars:

(Consolidated Figures in Rs. Crores)

About Angel One 

Angel One, formerly known as Angel Broking, is a well-known stockbroking firm in India. It was founded on August 8, 1996, by Dinesh D. Thakkar. The company is based in Mumbai and offers a wide range of financial services, including stockbroking, equity trading, commodities trading, and portfolio management. Angel One also provides mutual funds, life and health insurance, and investment advisory services.

Angel One has grown significantly and now ranks third among the top stock brokers in India, serving more than 5 million active clients. The company went public in October 2020, making its shares available on the Bombay Stock Exchange and the National Stock Exchange. In 2021, it rebranded itself as Angel One to reflect its expanded services. With its strong focus on technology and customer satisfaction, Angel One aims to help people manage their investments effectively and achieve their financial goals.