Angel One Ltd.
ANGELONEFinancial Services filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
36 transcript(s)/analyst meet(s) served; 12 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 36 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20201101 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210203 | 2020-12-31 | yes | |
| TRANSCRIPT | 20210511 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210720 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211026 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220121 | 2021-12-31 | yes | |
| COVER_LETTER | 20220421 | 2022-03-31 | no | |
| TRANSCRIPT | 20220425 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220719 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221018 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230120 | 2022-12-31 | yes | |
| COVER_LETTER | 20230418 | 2023-03-31 | no | |
| TRANSCRIPT | 20230421 | 2023-03-31 | yes | |
| COVER_LETTER | 20230714 | 2023-06-30 | no | |
| TRANSCRIPT | 20230719 | 2023-06-30 | yes | |
| COVER_LETTER | 20231013 | 2023-09-30 | no | |
| TRANSCRIPT | 20231017 | 2023-09-30 | yes | |
| COVER_LETTER | 20240116 | 2023-12-31 | no | |
| TRANSCRIPT | 20240119 | 2023-12-31 | yes | |
| COVER_LETTER | 20240418 | 2024-03-31 | no | |
| TRANSCRIPT | 20240423 | 2024-03-31 | yes | |
| COVER_LETTER | 20240716 | 2024-06-30 | no | |
| TRANSCRIPT | 20240719 | 2024-06-30 | yes | |
| COVER_LETTER | 20241015 | 2024-09-30 | no | |
| TRANSCRIPT | 20241018 | 2024-09-30 | yes | |
| COVER_LETTER | 20250114 | 2024-12-31 | no | |
| TRANSCRIPT | 20250117 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250421 | 2025-03-31 | yes | |
| COVER_LETTER | 20250717 | 2025-06-30 | no | |
| TRANSCRIPT | 20250723 | 2025-06-30 | yes | |
| COVER_LETTER | 20251016 | 2025-09-30 | no | |
| TRANSCRIPT | 20251023 | 2025-09-30 | yes | |
| COVER_LETTER | 20260116 | 2025-12-31 | no | |
| TRANSCRIPT | 20260121 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260422 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260721 | 2026-06-30 | yes |
ANGELONE
files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | nbfc |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 290.70 |
| 52-week range | 212.49 – 354.8 |
| Return 1M | -3.39% |
| Return 3M | -13.29% |
| Return 1Y | 31.99% |
| Return 3Y | 55.9% |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,430.00 |
| Other income | 4.00 |
| Total income | 1,434.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 269.00 |
| Finance costs | 129.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.29 | -0.00 |
| institutions foreign | 0.14 | 0.01 |
| institutions domestic | 0.20 | 0.01 |
| mutual funds | 0.18 | 0.02 |
| public | 0.71 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2025-12-31 | 12 |
| TRANSCRIPT | 2026-06-30 | 24 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 670.00 | 717.00 | 718.00 | 826.00 | 808.00 | 1,048.00 | 1,059.00 | 1,357.00 | 1,405.00 | 1,515.00 | 1,262.00 | 1,141.00 | 1,202.00 | 1,335.00 | 1,459.00 | 1,430.00 |
| Other income | 17.00 | 29.00 | 41.00 | 5.00 | 4.00 | 1.00 | 2.00 | 1.00 | 5.00 | 1.00 | 2.00 | 3.00 | 2.00 | 3.00 | 8.00 | 4.00 |
| Total income | 687.00 | 746.00 | 760.00 | 831.00 | 811.00 | 1,049.00 | 1,061.00 | 1,359.00 | 1,410.00 | 1,516.00 | 1,264.00 | 1,143.00 | 1,204.00 | 1,338.00 | 1,467.00 | 1,434.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 102.00 | 109.00 | 111.00 | 75.00 | 123.00 | 133.00 | 142.00 | 159.00 | 201.00 | 230.00 | 237.00 | 274.00 | 274.00 | 274.00 | 244.00 | 269.00 |
| Finance costs | 20.00 | 24.00 | 25.00 | 20.00 | 18.00 | 26.00 | 36.00 | 56.00 | 56.00 | 75.00 | 84.00 | 83.00 | 93.00 | 127.00 | 134.00 | 129.00 |
| Depreciation and amortisation | 6.00 | 7.00 | 8.00 | 9.00 | 9.00 | 11.00 | 13.00 | 17.00 | 23.00 | 26.00 | 27.00 | 30.00 | 31.00 | 31.00 | 33.00 | 35.00 |
| Other expenses | 161.00 | 156.00 | 153.00 | 197.00 | 198.00 | 263.00 | 320.00 | 424.00 | 490.00 | 371.00 | 334.00 | 424.00 | 343.00 | 347.00 | 415.00 | 473.00 |
| Total expenses | 444.00 | 460.00 | 458.00 | 469.00 | 514.00 | 642.00 | 710.00 | 900.00 | 1,013.00 | 944.00 | 876.00 | 979.00 | 910.00 | 964.00 | 1,027.00 | 1,109.00 |
| Profit before exceptional items and tax | 243.00 | 286.00 | 302.00 | 362.00 | 297.00 | 407.00 | 351.00 | 459.00 | 397.00 | 572.00 | 387.00 | 164.00 | 294.00 | 374.00 | 440.00 | 325.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 243.00 | 286.00 | 302.00 | 362.00 | 297.00 | 407.00 | 351.00 | 459.00 | 397.00 | 572.00 | 387.00 | 164.00 | 294.00 | 374.00 | 440.00 | 325.00 |
| Current tax | 61.00 | 72.00 | 72.00 | 91.00 | 76.00 | 100.00 | 88.00 | 111.00 | 102.00 | 147.00 | 101.00 | 51.00 | 82.00 | 104.00 | 120.00 | 95.00 |
| Deferred tax | 0.00 | 1.00 | 2.00 | 3.00 | 0.00 | 3.00 | 2.00 | 8.00 | 2.00 | 2.00 | 5.00 | -1.00 | 0.00 | 1.00 | -0.00 | -2.00 |
| Tax expense | 61.00 | 72.00 | 74.00 | 95.00 | 76.00 | 103.00 | 91.00 | 119.00 | 104.00 | 149.00 | 106.00 | 50.00 | 82.00 | 105.00 | 120.00 | 93.00 |
| Profit for the period | 182.00 | 214.00 | 228.00 | 267.00 | 221.00 | 304.00 | 260.00 | 340.00 | 293.00 | 423.00 | 281.00 | 114.00 | 212.00 | 269.00 | 320.00 | 231.00 |
| Profit attributable to owners | 0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 423.00 | 0.00 | — | 212.00 | 0.00 | 320.00 | — |
| Profit attributable to non-controlling interests | 0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | — |
| Other comprehensive income | -1.00 | -0.00 | -0.00 | -0.00 | -1.00 | -0.00 | -0.00 | -0.00 | -1.00 | -1.00 | -1.00 | -1.00 | -0.00 | -1.00 | 0.00 | -5.00 |
| Total comprehensive income | 181.00 | 213.00 | 228.00 | 267.00 | 220.00 | 304.00 | 260.00 | 340.00 | 292.00 | 423.00 | 280.00 | 114.00 | 211.00 | 268.00 | 321.00 | 227.00 |
| Earnings per share, basic | 21.87 | 25.63 | 27.35 | 32.00 | 26.39 | 36.31 | 31.02 | 40.48 | 32.55 | 46.98 | 31.25 | 12.66 | 23.39 | 29.59 | 3.52 | 2.54 |
| Earnings per share, diluted | 21.33 | 25.08 | 26.73 | 31.46 | 26.00 | 35.71 | 30.48 | 39.76 | 31.95 | 46.15 | 30.70 | 12.30 | 22.71 | 28.79 | 3.44 | 2.46 |
| Interest earned | 109.00 | 96.00 | 107.00 | 137.00 | 145.00 | 181.00 | 212.00 | 248.00 | 294.00 | 359.00 | — | 356.00 | 379.00 | 441.00 | 455.00 | 467.00 |
| Fees and commission income | 504.00 | 553.00 | 545.00 | 609.00 | 591.00 | 774.00 | 759.00 | 991.00 | 1,108.00 | 1,150.00 | — | 778.00 | 817.00 | 890.00 | 1,000.00 | 958.00 |
| Net gain on fair value changes | 0.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 3.00 | 6.00 | — | 6.00 | 6.00 | 4.00 | 4.00 | 5.00 |
| Dividend income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Annual results, as filed
| Line | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|
| Revenue from operations | 1,264.00 | 2,259.00 | 3,002.00 | 4,272.00 | 5,137.00 |
| Other income | 35.00 | 46.00 | 20.00 | 8.00 | 16.00 |
| Total income | 1,299.00 | 2,305.00 | 3,021.00 | 4,280.00 | 5,152.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 172.00 | 281.00 | 398.00 | 556.00 | 1,067.00 |
| Finance costs | 39.00 | 72.00 | 90.00 | 136.00 | 437.00 |
| Depreciation and amortisation | 18.00 | 19.00 | 30.00 | 50.00 | 125.00 |
| Other expenses | 261.00 | 535.00 | 667.00 | 1,204.00 | 1,528.00 |
| Total expenses | 888.00 | 1,468.00 | 1,829.00 | 2,766.00 | 3,880.00 |
| Profit before exceptional items and tax | 411.00 | 837.00 | 1,192.00 | 1,514.00 | 1,272.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 411.00 | 837.00 | 1,192.00 | 1,514.00 | 1,272.00 |
| Current tax | 113.00 | 209.00 | 295.00 | 375.00 | 357.00 |
| Deferred tax | 0.00 | 3.00 | 6.00 | 13.00 | 0.00 |
| Tax expense | 113.00 | 212.00 | 302.00 | 388.00 | 357.00 |
| Profit for the period | 297.00 | 625.00 | 890.00 | 1,126.00 | 915.00 |
| Profit attributable to owners | 0.00 | — | 0.00 | — | 915.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | — | 0.00 |
| Other comprehensive income | -1.00 | -1.00 | -1.00 | -2.00 | -2.00 |
| Total comprehensive income | 296.00 | 624.00 | 888.00 | 1,124.00 | 913.00 |
| Earnings per share, basic | 38.59 | 75.72 | 106.88 | 134.21 | 10.09 |
| Earnings per share, diluted | 38.32 | 74.44 | 105.09 | 131.81 | 9.85 |
| Interest earned | 177.00 | 333.00 | 520.00 | 786.00 | 1,632.00 |
| Fees and commission income | 1,018.00 | 1,732.00 | 2,212.00 | 3,115.00 | 3,484.00 |
| Net gain on fair value changes | 9.00 | 30.00 | 6.00 | 7.00 | 21.00 |
| Dividend income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 9,425.00 | 7,478.00 | 10,826.00 | 13,254.00 | 18,406.00 | 18,345.00 | 23,904.00 |
| Property, plant and equipment | 152.00 | 150.00 | 204.00 | 356.00 | 405.00 | 397.00 | 377.00 |
| Capital work-in-progress | 35.00 | 62.00 | 50.00 | 0.00 | 0.00 | 1.00 | 1.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 6.00 | 33.00 | 43.00 | 49.00 | 48.00 | 78.00 | 54.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and cash equivalents | 77.00 | 133.00 | 158.00 | 1,043.00 | 294.00 | 99.00 | 162.00 |
| Total equity and liabilities | 9,425.00 | 7,478.00 | 10,826.00 | 13,254.00 | 18,406.00 | 18,345.00 | 23,904.00 |
| Equity | 1,887.00 | 2,162.00 | 2,613.00 | 3,039.00 | 5,278.00 | 5,834.00 | 6,149.00 |
| Equity share capital | 83.00 | 83.00 | 84.00 | 84.00 | 90.00 | 91.00 | 91.00 |
| Other equity | 1,804.00 | 2,078.00 | 2,529.00 | 2,955.00 | 5,188.00 | 5,719.00 | 6,027.00 |
| Total liabilities | 7,538.00 | — | — | — | — | 12,510.00 | 17,755.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 558.00 | -1,806.00 | 803.00 | -533.00 | -330.00 | -2,271.00 | -1,182.00 | -4,142.00 |
| Net cash from investing activities | -52.00 | -142.00 | -185.00 | -75.00 | -91.00 | -425.00 | -124.00 | -111.00 |
| Net cash from financing activities | -165.00 | 1,603.00 | -907.00 | 633.00 | 1,331.00 | 1,947.00 | 646.00 | 3,656.00 |
| Purchase of property, plant and equipment | 54.00 | 54.00 | 33.00 | 68.00 | 180.00 | 71.00 | 23.00 | 50.00 |
| Net increase in cash | 340.00 | -345.00 | -289.00 | 25.00 | 910.00 | -749.00 | -660.00 | -597.00 |
| con:CFO.BEFORE_TAX | 779.00 | -1,690.00 | 1,092.00 | -370.00 | 58.00 | -2,075.00 | -1,081.00 | -3,795.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 221.00 | 115.00 | 289.00 | 163.00 | 388.00 | 196.00 | 101.00 | 346.00 |
| con:CF_OTHER.OPERATING | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 0.00 | 14.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-04-02 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 38.30 | 38.26 | 38.24 | 38.21 | 35.72 | 35.63 | 35.61 | 35.57 | 35.55 | 28.97 | 0.29 | 0.29 | 0.29 | 0.29 |
| Domestic institutions | 10.25 | 10.41 | 9.32 | 9.49 | 13.59 | 14.02 | 12.73 | 14.33 | 14.28 | 16.43 | 0.15 | 0.18 | 0.19 | 0.20 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 14.01 | 0.13 | 0.16 | 0.17 | 0.18 |
| Insurance companies | 0.43 | 0.73 | 0.49 | 0.72 | 1.47 | 0.75 | 0.87 | 0.73 | 0.55 | 0.40 | 0.01 | 0.02 | 0.02 | 0.01 |
| Foreign institutions | 17.04 | 16.82 | 19.11 | 17.27 | 17.95 | 15.36 | 12.27 | 13.81 | 13.05 | 14.66 | 0.13 | 0.12 | 0.13 | 0.14 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 61.70 | 61.74 | 61.76 | 61.79 | 64.28 | 64.37 | 64.39 | 64.43 | 64.45 | 71.03 | 0.71 | 0.71 | 0.71 | 0.71 |
| Non-institutional | 34.42 | 34.51 | 33.33 | 35.03 | 32.74 | 34.99 | 39.39 | 36.30 | 37.11 | 39.94 | 0.43 | 0.41 | 0.40 | 0.37 |
| Shares outstanding | 83819403 | 83893537 | 83950454 | 84008188 | 89879006 | 90088050 | 90150994 | 90250751 | 90294037 | 90545771 | 90716928 | 90855479 | 910859230 | 913518960 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Mr.Dinesh Thakkar | KMP | Any other transaction, Remuneration | 37,650,000.00 | 2 |
| Mr.Ketan Shah | KMP | Any other transaction, Remuneration | 26,040,000.00 | 2 |
| Mr.Amit Majumdar | KMP | Any other transaction, Remuneration | 24,630,000.00 | 3 |
| Mr.Vineet Agrawal | KMP | Remuneration | 16,210,000.00 | 1 |
| Mr.Vineet Agarwal | KMP | Any other transaction | 8,240,000.00 | 1 |
| Ms.Naheed Patel | KMP | Any other transaction, Remuneration | 3,720,000.00 | 2 |
| Mr.Vinay Thakkar | KMP relative | Any other transaction, Remuneration | 1,120,000.00 | 2 |
| Mr. Vineet Agrawal | KMP | Any other transaction | 900,000.00 | 1 |
| Mr.Muralidharan Ramachandran | Director | Any other transaction | 880,000.00 | 1 |
| Mr.Kalyan Prasath | Director | Any other transaction | 800,000.00 | 1 |
| Mr.Arunkumar Nerur Thiagarajan | Director | Any other transaction | 730,000.00 | 2 |
| Mr.Krishna Iyer | Director | Any other transaction | 650,000.00 | 2 |
| Mr.Mala Todarwal | Director | Any other transaction | 580,000.00 | 1 |
| Mr.Sridhar Arabadi Krishnaswamy | Director | Any other transaction | 580,000.00 | 1 |
| Mr. Deven Bharat Shah | KMP relative | Any other transaction | 230,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-21 | Q1FY27 | Ajit Narayanan, Ambarish Kenghe, Amit Majumdar, Anand Agrawal, Arief Mohamad, Asset Manage | Read the call |
| 2026-04-22 | Q4FY26 | Agarwal, Ambarish, Amit, Ankit, Arief, Bhatia, Business, Chief Business, Co-founder &, Din | Read the call |
| 2026-01-21 | Q3FY26 | Agarwal, Ambarish, Amit, Angel One Asset, Ankit, Bhavin, CEO – Asset, CEO – Ionic, Chairma | Read the call |
| 2025-10-23 | Q2FY26 | 2025), Agarwal, Ambarish, Amit, Ankit, Bhavin, CEO – Angel One, CEO – Ionic, Chairman &, C | Read the call |
| 2025-07-23 | Q1FY26 | Agarwal, Ambarish, Amit, Architect & Chief, Asset, Bhatia, Bhavin, Chairman &, Chatter, Ch | Read the call |
| 2025-04-21 | Q4FY25 | Agarwal, Ambarish, Amit, Angel One Asset, Architect & Chief, Bhatia, Business, CEO – Angel | Read the call |
| 2025-01-17 | Q3FY25 | Agarwal, Amit, Angel One Asset, Ankit, Architect & Chief, Bhatia, Business, CEO – Angel, C | Read the call |
| 2024-10-18 | Q2FY25 | Amit, Ankit, Architect & Chief, Bhatia, Bhavin, Business, Chairman &, Chandani, Chief Busi | Read the call |
| 2024-07-19 | Q1FY25 | Agarwal, Amit, Bhatia, Business, CEO – Asset, Chairman &, Chandani, Chief Business, Chief | Read the call |
| 2024-04-23 | Q4FY24 | & Surveillance, Agarwal, Amit, Angel One, Ankit, Anuprita, Bathe, Chairman &, Chief Legal | Read the call |
| 2024-01-19 | Q3FY24 | Agarwal, Amit, Ankit, Anuprita, Bathe, Bhatia, Business, CEO – Asset, Chairman &, Chief Bu | Read the call |
| 2023-10-17 | Q2FY24 | Amit, Ankit, Bathe, Business, Chairman &, Chief Business, Chief Human, Deepak, Dinesh, Dir | Read the call |
| 2023-07-19 | Q1FY24 | Agarwal, Amit Majumdar, Business, Chief Data Officer, Chief Human, Compliance Officer, Dee | Read the call |
| 2023-04-21 | Q4FY23 | ANGEL ONE LIMITED | Read the call |
| 2023-01-20 | Q3FY23 | Agarwal, Chief Human, Compliance Officer, Dinesh Thakkar, Gangadhar, Head of, Head of Inve | Read the call |
| 2022-10-18 | Q2FY23 | Ankit Rastogi, Bhavin Parekh, Chief Human, Chief Product &, Compliance Officer, Devender, | Read the call |
| 2022-07-19 | Q1FY23 | Ankit Rastogi, Bhavin Parekh, Chief Human, Chief Product &, Compliance Officer, Devender, | Read the call |
| 2022-04-25 | Q4FY22 | Ankit Rastogi, Bhavin Parekh, Chief Human Resources, Dinesh Thakkar, Head of Online Revenu | Read the call |
| 2022-01-21 | Q3FY22 | reader. | Read the call |
| 2021-10-26 | Q2FY22 | LIMITED. | Read the call |
| 2021-07-20 | Q1FY22 | LIMITED | Read the call |
| 2021-05-11 | Q4FY21 | Read the call | |
| 2021-02-03 | Q3FY21 | Read the call | |
| 2020-11-01 | Q2FY21 | ANGEL BROKING LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | Given our asset light business model and relatively low capex requirement, the business is poised to generate surplus cash. | — | So in terms of the capex spend that we've done, as I had mentioned earlier, it's in the range of about Rs. | — | — | — |
| Capital allocation | However, we are confident that our aggressive client acquisition strategy and normalization of trading behaviour will not only bridge this gap, but al… | The Board has also approved our first interim dividend of ₹ 23 per share and a stock split of 1:10. | Amongst the many initiatives, embedded artificial intelligence and machine learning base algos, across all processes from client acquisition to client… | Our endeavor to offer our clients the best investing experience is reaping rich dividend as evidenced by our continuously improving operational perfor… | For FY23, the aggregate dividend payout is 37% totalling to Rs. | We have experienced our highest ever quarterly gross acquisition, expanding our client base to new high of over 22 million. | I'm also pleased to inform you that in line with our policy, the Board has approved a final dividend of ₹ 26 per share of the consolidated annual prof… | From a cost of acquisition, we have generally guided that it's continued to stay mostly on the stable side, and we continue to work on initiatives to … |
| Costs | — | — | — | — | — | — | — | — |
| Debt and cash | — | And therefore, there was a higher working capital requirement to that extent, which has elevated our working capital and therefore, the finance cost. | The consolidated business generated operating cash flow of about Rs. | — | And hence, the calculation which we’ve done, this means that it requires additional working capital for the company. | With every trading day as an expiry day for indices across NSE and BSE, and growing volumes, the working capital requirement for broking businesses of… | Correspondingly, some of our -- of this positive cash flow generated is also reflected in investments. | — |
| Demand | Our customer base is high quality from a credit standpoint, demand is high and engagement on our platform continues to be exceptionally good. | During the quarter, we scaled disbursements to ₹ 7.1 billion, supported by stronger demand, deeper partner engagement and improving execution across t… | So to me this is just a starting point in many ways, I always tell my team, we are just very young right now, we are just getting started, because qui… | — | Even in tough market conditions, our performance in FY '23 has demonstrated great resilience across various parameters, such as our market share in In… | — | We continue to see strong demand, particularly in unsecured loans, where we have disbursed over ₹ 7 billion cumulatively as of March 2025. | In credit, deeper client engagement is translating into rising demand and we are scaling in a calibrated and disciplined manner. |
| Guidance | We have constituted a world-class Advisory Council, an expert think tank for various asset class views and an internal investment and a product approv… | We expect further operating leverage as we continue to acquire new customers and deepen engagement by offering more products to our existing customer … | — | So, the stock -- RSUs that we have granted yesterday for those RSU and the ones which we expect to grant in the next few months for those the vesting … | So, Nidhesh, the purpose of including these slides as Dinesh has mentioned is just to bring that there is a long-term visibility in terms of the reven… | Last quarter alone, we registered nearly 1.4 million unique SIP, showcasing our commitment to guiding clients on their long-term investing journey and… | As I mentioned during our quarter 3 earnings call, we anticipated being in a better position to assess the regulatory impact by the end of quarter 4. | These trends remain largely cyclical in nature and we expect gradual normalization as capital market issuance activity and credit demand strengthen. |
| Margin | History shows that client adapt quickly, as seen during the peak margin regulation between 2020 and 2021, which ultimately fuelled growth through an e… | Our stand-alone operating margin is already at a hefty 43%, reflecting the strength of our core business model. | The peak margin regulations, though have had some impact on the business but we have clearly been able to offset that impact with significantly higher… | We are clearly experiencing and expecting sustained operating leverage benefit of our digital models with a stable payback metrics. | Our digital model offers significant operating leverage, as shown from margin expansion and a 10-fold jump in our profits over the last three years. | Higher borrowings were in line with the growth in client funding book and borrowings availed to fulfill margin obligations with the clearing corporati… | Key operational and financial metrics such as total number of orders, operating margin and return ratio may not fully reflect the underlying strength … | Turning to interest income, the client funding book remained broadly stable sequentially, while the interest income from fixed deposits increased by 1… |
| People | Employee benefit expenses, including cost of granting stock options, grew 3.1% sequentially to nearly ₹ 2.4 billion on account of headcount increase i… | — | — | Robust profitability, along with efficient capital utilization led to a significant improvement in average return on equity to 46%. | Robust profitability along with efficient capital utilization led to an improvement in return on average equity to 47.5% for FY23. With this, I conclu… | Employee benefit expenses including cost of granting ESOPs, was at about Rs.1.59 billion for the quarter, sequentially higher by 12% due to additional… | — | Employee and ESOP costs declined sequentially following normalization after the Labor Code implementation in the previous quarter, along with some att… |
| Pricing | These adjustments have been warmly embraced by clients, who prioritize exceptional platform and experience over minor pricing tweaks. | So there is no thought on more pricing changes. | Best-in-class product suite, at the simplified pricing, places us competitively in the industry. | — | And this is actually tying in with the earlier question that was asked with regard to price increases. | When it comes to pricing, I don’t think there’s any price pressure. | The focus here is razor sharp, create best-in-class journeys with minimal friction and best pricing, use tech to personalize policies based on custome… | There was this whole sort of gold and silver pricing -- prices that were fluctuating, for example, in February. |
| Revenue growth | Angel One Limited January 14, 2025 Our 9-month FY2025 reported gross total revenues and profit after tax stood at ₹ 41.9 billion and nearly ₹ 10 billi… | Adoption continues to expand meaningfully beyond metros as well, reinforcing the long-term structural growth of the category. | Angel Broking Limited May 06, 2021 Amongst the growing digital brokers, Angel Broking experience strong momentum in FY2021 and achieved many milestone… | The meteoric growth of broking industry in FY2022 set a new records in terms of investors participation. | This superlative performance has come without any compromise on profitability or investments to spur the growth of our businesses. | In this spirit, we recently completed a capital raise of Rs.15 billion which will be primarily used for margin monies with stock exchange and the grow… | Ambarish is an accomplished leader with a proven track record in building and scaling impactful technology products across both global and Indian mark… | This translated into gross income growth of 9.7% quarter-on-quarter to ₹14.7 billion, while net income increased by 10.4% sequentially to ₹11.3 billio… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-07-19 | Q1FY23 | Gangadhar | So, I believe that when the full Super App is launched and when we have the wide range of products, including mutual funds, bonds, fixed income products, all of those available on the platform, I believe we should be at an activation rate of more than 50% or more, okay. |
| 2024-10-18 | Q2FY25 | Dinesh | So as previous earnings call, we guided everyone that this burn rate would be around 2% to 2.5% of our total revenue. |
| 2025-01-17 | Q3FY25 | Vineet | So you've got to look at it from this way that in the long term once things settle down and the behaviour normalizes, we should be able to ideally recover almost 75%, 80% of this cost that we've been talking about in the past also. |
| 2025-10-23 | Q2FY26 | Ambarish | Since you asked for the quantitative thought on that, we expect that on a yearly basis, at current run rate, it should have about ₹ 50 to ₹ 60 crores upside on a net basis to us. |
| 2025-10-23 | Q2FY26 | Vineet | So hopefully, with all these things coming in, the exit in quarter 4, we should see a 40% plus operating margin. |
| 2025-10-23 | Q2FY26 | Vineet | Long term, we should be able to achieve 45 - 50% operating margins as we go along and grow the businesses. |
| 2026-01-21 | Q3FY26 | Vineet | So this guidance of about 40-45% is on an annual basis. |
| 2026-01-21 | Q3FY26 | Vineet | But on an annual basis, we should be able to achieve 40-45% operating margin for the broking and distribution business. |
| 2026-01-21 | Q3FY26 | Vineet | We have actually -- if you were to see our presentation, we've mentioned the ESOP cost for this quarter, which is about ₹ 504 million and in line with our guidance for the entire year. |
| 2026-07-21 | Q1FY27 | Ambarish Kenghe | And that 45% to 50% margin guidance remains intact. |