Angel One Q1 profit doubles to Rs 231 Cr

Angel One Ltd reported a more than two-fold increase in consolidated profit after tax to Rs 231.4 crore for the quarter ended June 30, 2026, driven by strong retail client participation and robust trading volumes.

The fintech and stock broking firm's PAT stood at Rs 114.5 crore in the corresponding quarter of the preceding financial year.

However, on a sequential basis, profit declined 28% from Rs 320 crore in Q4 FY26.

Total income rose 25.4% to Rs 1,434 crore during the April-June quarter of FY27 from Rs 1,143 crore a year ago, the broking firm said in a stock exchange filing.

Angel One's total client base grew nearly 19% year-on-year to 3.86 crore. The company's average client funding book under its credit business reached a record Rs 6,140 crore during the June quarter, marking a 46% year-on-year increase.

In addition, total orders increased 18.4% year-on-year to 40.6 crore in the quarter.

Angel One's asset management business recorded an AUM of Rs 620 crore at the end of June 2026, an 81.4% rise from the year-ago period.

The company's board of directors has declared a first interim dividend of Re 1 per equity share.

Total expenses increased to Rs 1,109 crore in the quarter under review from Rs 979 crore in the corresponding period last year, mainly due to higher employee costs, finance costs and other operating expenses.