Angel One Ltd's Q3FY25 Quarterly Results

Result Summary

• Angel One Ltd reported a 16.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 19.1%.
• Its expenses for the quarter were down by 7.2% QoQ and up 23.8% YoY.
• The net profit decreased 33.5% QoQ and increased 8.1% YoY.
• The earnings per share (EPS) of Angel One Ltd stood at 30.7 during Q3FY25.

Financial Statments for Q3FY25

---

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Angel One Ltd, previously known as Angel Broking, is a leading Indian financial services company that provides a wide array of services including broking, mutual funds, life insurance, and personal loans among others. It is one of the largest retail broking houses in India in terms of active clients on NSE. The company has a strong focus on technology and digital transformation, evident from its initiatives such as ARQ - a rule-based investment engine, and Angel iTrade - a flat fee offering in the retail broking industry. Recently, the company has undergone a rebranding initiative and aggressively expanded its digital presence.

Revenue

For the financial quarter ending Q3FY25, Angel One Ltd reported a total income of ₹1263.80 crores. This represents a decrease of 16.6% from the previous quarter's income of ₹1515.96 crores. However, when compared with the same quarter of the previous fiscal year (Q3FY24), the total income showed a growth of 19.1%, up from ₹1060.80 crores. The quarter-over-quarter (QoQ) decrease could be attributed to a variety of factors, including seasonal trends, market volatility, or specific business events. The year-over-year (YoY) increase suggests that the company's overall income generation capability has improved.

Profitability

In terms of profitability, the company reported a profit before tax (PBT) of ₹387.33 crores in Q3FY25, a decrease of 32.3% QoQ, but an increase of 10.4% YoY. The profit after tax (PAT) followed a similar trend, amounting to ₹281.47 crores in the current quarter, representing a decline of 33.5% QoQ, but an increase of 8.1% YoY. The Earnings Per Share (EPS) for Q3FY25 stood at ₹30.70, a decrease of 33.4% QoQ, but a marginal increase of 0.7% YoY. These trends suggest that while the company's quarter-over-quarter profitability has declined, it has managed to improve its profitability year-over-year.

Operating Metrics

From an operational perspective, the total expenses for Angel One Ltd in Q3FY25 were ₹876.48 crores, a decrease of 7.2% from the previous quarter (Q2FY25), but an increase of 23.8% from Q3FY24. The tax expense for the quarter was ₹105.86 crores, representing a decrease of 28.8% QoQ, but an increase of 16.7% YoY. The trends in the company's operational metrics highlight the fluctuating nature of its expenses. The decrease in quarterly expenses could be due to cost-saving measures or lower operational activity, while the annual increase could reflect the company's expansion or higher business volume.