Shares in brokerage and utilities firm Angel One fell as much as 7 percent in trading on Tuesday (January 14) after the company’s quarterly earnings were announced. The drag came even as the results were very much on the line.
In the October-December quarter, the company’s consolidated profit after tax came in at Rs 281.5 crore, marking a huge drag of 34 per cent compared to Rs 423.4 crore reported in the quarter ended September of the ongoing financial year. Still, profits rose 8.2 percent year-on-year.
Net income for the review quarter came in at Rs 1,263.8 crore while the same was Rs 1,516 crore in Q2FY25, a decline of 16.6 percent growth over QoQ. However, the metric registered a 19 percent annual growth.
Further, the company reported Rs 496 crore in EBITDA or earnings before interest, taxes, depreciation, and amortization for the reporting quarter, marking a growth of 24 percent year-on-year. Margin, on the other hand, grew by 1.7 percent or 170 points to 39.3 percent during Q3 compared to 37.6 percent in the same quarter last year.
Dinesh Thakkar, Chairman and Managing Director of Angel One said, “India’s capital market remains in a growth mode, reflecting growing confidence among retail investors. The development of regulatory environments has fostered greater customer confidence, ensuring long-term retention and engagement.”
While the few regulations introduced this quarter have created a short-term impact on the entire industry, we are confident that our aggressive customer acquisition strategy, coupled with the normalization of customer activity, will drive growth momentum in the coming quarters, he added.
