Angel One in demand after client base jumps 146% YoY

Angel One jumped 3.79% to Rs 1,167.95 after the stock broker said its client base jumped 146% year-on-year to 7.32 million in November 2021 over November 2020.

On a sequential basis, the firm's client base grew 5.6% from 6.93 million clients in October 2021. Gross client acquisition stood at 0.45 million in November 2021, rising 3.5% from October 2021 and 193% from November 2020.

The company's retail turnover market share in overall equity segment rose to 21% in November 2021 compared with 15.4% in November 2020. Retail turnover market share in F&O (derivatives) segment stood at 21.1%, in November 2021 as against 20.8% in October 2021. The figure stood at 15.4% in November 2020.

 

Angel One, previously known as Angel Broking is one of the largest retail broking houses in India in terms of active clients on NSE. It's a technology-led financial services company providing broking and advisory services, margin funding, loans against shares and financial products distribution to clients.

The company posted an 80.2% jump in consolidated net profit to Rs 134.2 crore on a 69.3% increase in total income to Rs 538.16 crore in Q2 FY22 over Q2 FY21. The stock broking company's profit before tax jumped 80.2% to Rs 179.31 crore in Q2 FY22 over Q2 FY21.

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