Angel One is back in the spotlight, and it’s shining bright! 🌟 On October 15, the stock surged 8%, thanks to its solid Q2 FY25 earnings, giving investors plenty to celebrate! 🎉 Here’s the breakdown of what’s been going on with this brokerage giant:
Big Numbers, Big Wins 💰
In Q2 FY25, Angel One pulled off some impressive numbers:
- Net profit soared 39.1% YoY, landing at a whopping ₹423.4 crore. 🤑
- Revenue shot up 44.5% YoY to ₹1,514.7 crore. 📈
Despite a rough year—Angel One’s stock is still down 24% in 2024, lagging behind Nifty’s 15% gain—it’s clear the company is crushing its earnings game this quarter. 😎💼
Trading Boom 💥
The surge in profit and revenue came as trading activity has skyrocketed. 🏦 Angel One, competing with big names like Zerodha, Groww, and Upstox, has seen its share in total demat accounts jump to 15.7% this quarter, compared to 13.2% last year. 📊
Operating Power 💪
On the operational side, Angel One flexed hard:
- EBITDA shot up 51.5% YoY to ₹671.9 crore. 💼
- The EBITDA margin expanded by 210 basis points to 44.4% (up from 42.3% last year). 🧠
Client Base and Growth 🌱
It’s not just about the money—the company’s total client base jumped a massive 61% YoY, reaching 27.5 million by September 30. 🚀 They also brought in 3 million new clients, a 41% YoY spike! 🔥
With 19.3% of India’s retail equity turnover, Angel One is clearly climbing the ranks, solidifying its position as a dominant player in the space. 💹
Market Movers 📊
- The stock closed at ₹2,729.95 on NSE after inching up 1% in the previous session.
- Even though the stock has fallen 24% this year, it’s still up 31% in the last 12 months, just edging out Nifty’s 27% gain. 💥
A Look Ahead 👀
With a growing client base, higher market share, and increasing trading volumes, Angel One seems to be on a bullish track. 🚀 The company’s Chairman and Managing Director, Dinesh Thakkar, is confident that the brokerage will continue to improve its market position across all segments. 💼🔝
Will Angel One keep riding this wave of success? 🌊 Only time will tell, but investors are definitely keeping their eyes peeled. 👀📊