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EquityWireEarnings Review: Angel One beats Street view despite higher spend on Indian Premiere League
Earnings Review

Angel One beats Street view despite higher spend on Indian Premiere League

This story was originally published at 21:03 IST on 15 July 2026
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Informist, Wednesday, Jul. 15, 2026

 

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--Angel One Apr-Jun consol net profit INR 2.31 bln 
--Analyst saw Angel One Apr-Jun consol net profit at INR 2.13 bln 
--Angel One Apr-Jun consol revenue INR 14.30 bln 
--Analyst saw Angel One Apr-Jun consol revenue INR 12.44 bln 
--Angel One Apr-Jun consol net profit INR 2.31 bln vs INR 3.20 bln qtr ago
--Angel One Apr-Jun consol revenue INR 14.30 bln vs INR 14.59 bln qtr ago 
--Angel One to pay INR 1 per share interim dividend 
--Angel One interim dividend record date is Jul 21 
--Angel One Apr-Jun gross user acquisition 1.3 mln, down 26.7% on qtr 
--Angel One total client base at 38.6 mln on Jun 30, up 3.2% on qtr 
--Angel One wealth mgmt AUM INR 134.40 bln on Jun 30, up 33.3% on qtr 
--Angel One assets mgmt co AUM INR 6.2 bln on Jun 30, up 70.6% on qtr 
--Angel One Apr-Jun unique SIPs registered 1.7 mln, down 18.8% on qtr

 

By Pratyush Kumar

 

MUMBAI –  Angel One Ltd. posted strong on-year growth, but weaker on-quarter growth, in its consolidated net profit for the June quarter. The profit was dragged down by higher spending on the Indian Premier League sponsorship as well as an increase in employee costs and expense on fees and commissions. Brokerages had expected the company to report a sharp on-year jump in net profit due to growth in trading volumes, margin trading facility trade, and an increase in its client base. The company's bottom line and top line were both above the Street's expectations.

 

Angel One reported a consolidated net profit of INR 2.31 billion for the June quarter, down 28% sequentially. The bottom line was marginally higher than the Street's view of INR 2.12 billion. On an on-year basis, the consolidated net profit of the company doubled from INR 1.14 billion year ago. The company's revenue from operations fell marginally sequentially to INR 14.30 billion, and is up more than 15% from analysts' estimate of INR 12.44 billion. The revenue from operations was up 25% on year.

 

The total expenses of the company rose over 8% sequentially to INR 11.09 billion, which is an increase of 13% on year. Other expenses rose nearly 14% sequentially to INR 4.73 billion, up 8% on year. Other expenses constituted more than 42% of the total expenses. Total income of Angel One fell a bit more than 2% sequentially to INR 14.33 billion.

 

The total user base of the company increased to 38.6 million, up 18.8% on year and 3.2% sequentially. Angel One saw an order volume of 406 million in the quarter, up 18.4% on year but down 5.8% sequentially. The company reported its average client funding book at INR 61.4 billion, up 46% on year. Unique systematic investment plans registered during the June quarter stood at 1.7 million, down 10.3% on year.

 

"This quarter reflects continued execution against our strategy of building a leading fintech with multiple growth engines," Ambarish Kenghe, group CEO of Angel One said. "We continued to strengthen our product ecosystem, scale AI across the platform and deepen engagement across investing, wealth and credit. We also continued to expand our wealth and asset management businesses, where recurring assets and long-term engagement continue to scale steadily."

 

The company declared a first interim dividend of INR 1 per share and said the record date for the dividend would be Jul. 21.

 

Angel One's market share based on option premium turnover for the June quarter was 20.2%, up 50 bps on year but down 20 bps sequentially. On the basis of the premium, the company's average daily turnover in the June quarter was INR 2.6 trillion, up more than double on year and up 38.7% sequentially.

 

The company reported combined assets under custody for the June quarter of INR 1.7 trillion, up 19.3% on year and up 25% on quarter. The company's wealth management client base in the June quarter rose to 2,400 clients and its assets under management rose to INR 134.4 billion, up nearly three times on year. The company's assets under management were INR 6.2 billion, up 81.4% on year for its asset management segment.


Angel One's share of demat accounts in India remained flat on year at 16.7%, but was up 1 bps sequentially.  Wednesday, shares of Angel One closed at INR 343.40, up 3% from Tuesday, before the company detailed its earnings.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Pankaj Aher

 

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