Sequentially, however, the bottomline declined by 14.5%, due to higher growth in cash segment orders and a rise in operating expenses on the back of higher client acquisition.
The board has recommended an interim dividend payout of Rs 12.70 a share, and has fixed January 23 as the record date to determine the eligible shareholders for the same. This is the third interim dividend payout by the brokerage firm for the current financial year.
The total client base as of December-end stood at 19,5 million, up 55.5% YoY and 14% sequentially. The gross client acquisition during the quarter increased 149% YoY and 16% sequentially.
Angel One added 2.5 million clients, the highest-ever in the quarter, the company said.
“Our sustained growth is a testament to the success of our data-driven strategy, as we reap benefits of a vast pool of data and leverage it to create models using complex algorithms,” said Chairman and MD Dinesh Thakkar.
“We are in the process of expanding our offerings to partner with our clients at every important phase of their lives, as we extend our touchpoints in distributing credit and fixed income products,” he said.The average daily turnover (ADTO) was Rs 36 trillion, compared to Rs 29.6 trillion a quarter ago.
Angel One’s turnover market share in the overall equity segment improved 62 basis points sequentially to 26.8% in the December quarter. In the futures and options segment too, it improved by 62 bps to 26.9%.
In the cash market segment, the market share improved a sharp 106 bps sequentially to 15.1%.
Consolidated EBDAT, which is net income less staff cost and other operating expenses, was Rs 364 crore in the quarter, down 13% from the preceding quarter. EBDAT margin for the quarter stood at 44.0%.
Ahead of the earnings, shares of Angel One ended 2% higher on the National Stock Exchange at Rs 3,875.70. Last week, the stock had scaled a lifetime high.
