Higher expenses drag Angel One Q3 profit down 4.5% to ₹269 crore
The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of ₹10 will be subdivided into 10 equity shares of ₹1 each
 "Higher expenses drag Angel One Q3 profit down 4.5% to ₹269 crore")
Angel One on Thursday reported a 4.5 per cent year-on-year decline in consolidated profit after tax (PAT) to ₹269 crore in the December quarter as rising operating expenses weighed on margins.
The company had posted a PAT of ₹281.5 crore in the corresponding year-ago quarter.
However, the broking firm registered a 5.8 per cent increase in total income to ₹1,338 crore from ₹1,264 crore in Q3 FY25, driven by an improvement in interest income and fees and commission income, according to a regulatory filing.
Total expenses increased to ₹964.2 crore from ₹876.5 crore, driven primarily by higher employee benefit costs, employee stock ownership plan (ESOP) expenses and other operating expenses.
The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of ₹10 will be subdivided into 10 equity shares of ₹1 each.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)