ANGEL ONE LIMITED
(NSE: ANGELONE)
Business:
Angel One is a technology driven financial services platform offering broking, margin funding, mutual funds, wealth management, credit and asset management services.
Q1 FY27 Performance š
Consolidated revenue ā¹1,429 Cr, up 25.4% YoYEBITDA ā¹360 Cr, up 85.1% YoYPAT ā¹231 Cr, up 102.1% YoYEBITDA margin improved significantly to 32.7%Client funding book reached ā¹6,140 Cr, up 45.9% YoYWealth AUM reached ā¹13,440 Cr, up 165% YoYAsset management AUM reached ā¹620 Cr, up 81% YoYLatest August Update šļø
Client base reached 3.95 Cr, up 17.8% YoYGross client additions were 5.7 lakh during AugustClient funding book reached ā¹7,421 Cr, up 40.2% YoYSIP registrations reached 7.21 lakh for the monthCash turnover remained strong with 18.4% YoY growthKey Positives š¢
Strong client acquisition and expanding customer baseFunding book growing much faster than the overall client baseWealth and asset management businesses scaling rapidlyImproving profitability and operating leverageMultiple monetisation opportunities beyond traditional brokingGrowth Triggers š
š Continued financialisation of Indian households
š Growth in active trading and derivatives participation
š Expansion of wealth management and mutual fund distribution
š Credit and margin funding growth
š Increasing monetisation per customer through multiple financial products
What Iām Watching ā ļø
The biggest factor is whether Angel One can sustain its strong profitability while market activity normalises.
August also showed moderation in daily orders and some market share pressure, particularly in commodity trading. So future earnings growth needs to increasingly come from client growth, funding, wealth and cross selling rather than only trading activity.
Overall View:
Angel One is evolving from a traditional discount broker into a broader financial services platform.
The combination of a large and growing client base, higher funding penetration, rapidly scaling wealth AUM and improving operating leverage makes the long term story interesting.
For me, the key is sustaining earnings growth while diversifying revenue beyond pure trading activity.
Technical Setup:
š Refer to the chart for my technical levels, support/resistance zones and price action view.
Disclaimer: Educational content only. Not investment advice. Please do your own research.
