Angel One Q1FY23 result : Profit fell 11.3% to ₹181.5 Cr QOQ, but grew 49.5% to ₹181 Cr YoY | Dividend

Dividend The Board of Directors have recommended dividend of ₹ 7.65 per equity share of ₹ 10.00 each, as an interim dividend, equivalent to 35% of consolidated profit after tax, for the quarter.

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Incorporated in 1987, Angel One (Angel One) is one of the largest full-service retail brokers in India offering online discount brokerage services. The company offers a wide range of investment and trading services including stock and commodity broking, investment advisory services, margin funding, loans against shares, and financial products distribution.

Angel One is a strong neighbourhood presence with 110 branches and 11,000 sub-broker offices in 1800+ cities in India as of June 30, 2018.

The company has posted its Q1FY23 financial results today, the details are as below :

(I)Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹686.5 crore in the quarter ended on June 30, 2022 as against ₹685.3 crore in the last quarter ended on Mar 31, 2022, increased by 0.18%.

The company has posted a consolidated Net Profit of ₹181.5 crore in the quarter ended on March 31, 2022 as against ₹204.6 crore in the previous quarter ended on June 30, 2022. The PAT surges down by 11.33%.

The status of the EPS of the company stood at ₹21.33 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹24.30, down by 12.22%.

₹*June 30, 2022 (Q1FY23) Mar 31, 2022 (Q4FY22)
Total Income686.5685.3
Total Expenses443.8411.0
PBT /(Loss)242.6274.3
Total Tax /(credit)61.0769.55
PAT /(Loss) [to the owners]181.5204.6
*figures are in Crores

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹686.5 crore in the financial year ended on June 30, 2022 as against ₹474.4 crore for the same quarter ended on last year June 30, 2021 that increased by 44.69%.

The company has posted a consolidated Net Profit of ₹181.5 crore in the financial year ended on June 30, 2022 as against ₹121.3 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 49.55%.

The status of the EPS of the company stood at ₹21.33 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹14.58, up by 46.30%.

₹*June 30, 2022 (Q1FY23)June 30, 2021(Q1FY22)
Total Income686.5474.4
Total Expenses443.8312.2
PBT /(Loss)242.6162.2
Total Tax /(credit)61.0740.79
PAT /(Loss) [to the owners]181.5121.3
*figures are in Crores
Market Times News update today

(III) Key Highlights about the Performance

Consolidated EBDAT

  • ₹ 2,491 mn in Q1FY23 vs ₹ 2,795 mn in Q4FY22 , a decline of 10.9% on QOQ basis EBDAT Margin (as % of Net Income) stood at 48.4% in Q1FY23
  • Company continue to witnessed strong gross addition of 1.3 mn clients in Q1FY23, crossing 10 mn client mark during the quarter
  • Dividend The Board of Directors have recommended dividend of ₹ 7.65 per equity share of ₹ 10.00 each, as an interim dividend, equivalent to 35% of consolidated profit after tax, for the quarter.

Shares of Angel Broking Limited was last trading in BSE at ₹1312.35 as compared to the previous close of ₹1311.70. The total number of shares traded during the day was 65246 in over 4657 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 1336.45
  • Intraday low of ₹ 1300.25