Angel Broking zooms 20% post March quarter results; stock up 77% in a month

Angel Broking registered the highest ever quarterly and yearly gross client addition of approximately 1 million and 2.4 million clients in Q4FY21 and FY21, respectively

Shares of Angel Broking were locked in the upper circuit of 20 per cent at Rs 512.20 on the National Stock Exchange (NSE) in Thursday's trade after the company reported a healthy 39 per cent quarter-on-quarter (QoQ) jump in its consolidated net profit at Rs 102 crore in the March quarter (Q4FY21) on the back of strong operational income.

It had posted a profit of Rs 73.20 crore in the preceding quarter. On a year-on-year (YoY) basis, the net profit more-than-doubled from Rs 32.6 crore in Q4FY20. The company is one of the largest retail broking houses in India, in terms