Stock Market

Angel Broking Limited: 4x Growth in Client Base over the Last Nine Quarters

Angel Broking Limited announced its unaudited consolidated financial results for the Quarter ended 30 June, 2021.

Angel Broking Limited (NSE: ANGELBRKG, BSE: 543235), announced its unaudited consolidated financial results for the Quarter ended 30 June, 2021. 

Overall ADTO (bn) 

Total Income (mn) EBDAT (mn) PAT(mn)

Key Performance HighlightsQ1 ’22QoQGrowth YoYGrowth
Highest Gross Client Addition1.2mn 26%247%
Highest Incremental NSE ActiveClients 0.4mn 21%118%
Highest Number of Trades248.5mn 14%93%
Highest Avg. Daily Turnover₹4.5 trn21%635%
Highest Overall Retail Equity TurnoverMarket Share22.7%191bps 1,450bps
Avg. Client Funding Book Size₹12.2 bn26%138%
Gross Revenues ₹4,745 mn13%92%
Profit from Continuing Operations₹1,214 mn19%152%

EBDAT = Net Income – Emp. Cost – Other Opex

Angel BrokingLimited

Commenting on the performance, Mr. Dinesh Thakkar, Chairman & Managing Director said, “Q1 ‘22hasbeena very strong quarter for the industry and Angel Broking, across numerous parameters. Wearewitnessingagreater acceptance of equities, as a vehicle of wealth creation, by more people fromTier 2, 3andbeyondcities. This gives me confidence that we are at an inflection point and the journey of highgrowthwill sustainover the medium and long term, with Angel Broking playing a pivotal role in deepening penetration. 

Angel’s growth is backed by our transformation into Digital First and Fintech business model, extensivelyusing Artificial Intelligence and Machine Learning, to give our clients the best experience. Asweaddmoreproducts and augment our service offerings, we are redefining ourselves to “Angel One” from“Angel Broking”.

In our endeavour to make investing and wealth creation simple and seamless, weplantoinvestinaugmenting our digital team, which will complement the business, as we spearhead our growthinitiatives.”

Commenting on the performance, Mr. Narayan Gangadhar, Chief Executive Officer said, “It ishearteningtosee that we continue to sustain high growth across parameters, even on a large base, withamajorityofincremental clients coming from Tier 2, 3 and beyond cities. As Bharat opens up more aggressively,totheidea of systematic wealth creation, we shall witness a massive growth opportunity unfolding, forthefintechindustry. 

Our growing client base and their high activity levels on our platforms, speak volumes about thebestinclassdigital experiences we offer them. This motivates us to keep innovating and introducing newer productsandservices that facilitate more efficient and effective trading for all our clients. We recentlylaunchedSmartStore, a marketplace for fintech-based products and services including rule-basedinvestingsolutions,investor education and a discussion forum where our clients can interact with each other. 

With these thoughts in mind, we are creating an umbrella brand, “Angel One”, that will resonatewell withourtarget audience; as we partner in their wealth creation journey by offering thema host of financial productsand services, digitally.”

Business Performance at a Glance: 

Angel’s Turnover Market Share 

ParticularsQ1 ’22Q4‘21 Growth
Overall Equity22.7%20.8%191 bps
Cash13.8%16.3%-247 bps

Angel’s Average Daily Turnover (ADTO) 

Particulars (bn) Q1 ’22Q4‘21 Growth
Overall Equity4,5473,75321.1%

Client Additions 

The Company witnessed strong gross client addition of 1.20 mn in Q1 ‘22ascomparedto 0.96 mn clients in Q4 ‘21 

Total Income 

₹ 4,745 mn in Q1 ‘22 vs ₹ 4,189 mn in Q4 ‘21, a growth of 13%QoQ Income growth was aided by strong growth in client base and high client activity


₹ 1,663 mn in Q1 ‘22 vs ₹ 1,463 mn in Q4 ‘21, a growth of 14%QoQ EBDAT Margin (as % of Net Income) remained stable at 49%

Profit After Tax from continuing operations 

₹ 1,214 mn in Q1 ‘22 vs ₹ 1,020 mn in Q4 ‘21, a growth of 19%QoQ 


The Board of Directors have approved a 1 

st interim dividend of ₹ 5.15per equityshare

of ₹ 10/- each, equivalent to 35% of the consolidated profit after tax, for thequarter

About Angel Broking Ltd. 

Angel Broking Limited (ABL) (NSE: ANGELBRKG, BSE: 543235) is the largest listedretailstock broking house in India, in terms of active clients on NSE. ABL is a technology-ledfinancial services company providing broking and advisory services, marginfunding, loansagainst shares and distribution of third-party financial products to its clientsunderthemaster brand “Angel Broking”. Recently, ABL board has decided to transitionthebusinessunder a new Master brand “Angel One” to appeal to new age customers andtosupportnewbusinesses other than broking in future.

The broking and allied services are offered through (i) online and digital platforms and (ii) network of Authorized Persons. ABL extensively uses Artificial Intelligence and Machine Learning to create a superior digital experience. ABL has built a host of digital properties like Angel Broking Mobile App, Angel BEE Mobile App, ‘ARQ Prime’ a rule-based investment engine, ‘Smart API’ a free-to integrate API platform, ‘Smart Money’ an investor education platform, ‘Smart Store’ a market place for fintech products, learning platform and social forums for over 5millionclients. 

Safe Harbor Statement 

Statements in this document relating to future status, events, or circumstances, includingbut not limited to statements about plans and objectives, the progress andresultsofresearch and development, potential project characteristics, project potential andtargetdates for project related issues are forward-looking statements based onestimatesandthe anticipated effects of future events on current and developing circumstances. Suchstatements are subject to numerous risks and uncertainties and are not necessarilypredictive of future results. Actual results may differ materially fromthoseanticipatedinthe forward-looking statements. The company assumes no obligation to updateforward looking statements to reflect actual results changed assumptions or other factors. 

This article is shared with Prittle Prattle News in the form of a Press Release.

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