Angel One Limited has informed the Exchange regarding a press release dated July 16, 2025, titled "Press Release- Q1 FY26 Business Performance Highlights".
ANGELONE · price
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Awaiting price reaction for this filing.
Angel One reported Q1 FY26 consolidated net revenues of ₹8,913 million, up 7.3% quarter-on-quarter from ₹8,308 million. Reported profit after tax fell 34.4% QoQ to ₹1,145 million, and reported EBDAT declined 26.5% QoQ to ₹1,944 million, largely weighed down by ₹1,117 million in IPL-related brand spends during the quarter. On an adjusted basis (stripping out one-offs like IPL costs and variable pay reversals), EBDAT grew 30.5% QoQ to ₹3,061 million with margin improving to 34.3%, while adjusted PAT rose 26% QoQ to ₹1,922 million. The company added 1.5 million clients in the quarter, taking total base to 32.5 million, with NSE active client share stable at 15.3% and retail equity turnover share at 19.7%. Non-broking businesses also scaled: client funding book hit an all-time high of ₹48 billion, credit disbursal surged 123.6% QoQ to ₹2.3 billion, wealth AUM grew 33.6% QoQ to ₹50.7 billion, and AMC AUM stood at ₹3.4 billion across 5 schemes.
Headline profit numbers look weak due to heavy IPL marketing spend, but adjusted earnings show healthy underlying growth and margin expansion, which should reassure investors. Strong momentum in diversification businesses (credit, wealth, AMC) reduces reliance on broking revenues and supports a positive medium-term outlook.