Angel One reports mixed Q4 no.s; stock rises over 8%

Shares of Angel One gained over 8 per cent in Thursday's morning deals and touched the intra-day high of Rs 3,099 apiece on BSE after the company reported its Q4 numbers. 

As of 9:44 a.m., shares of Angel One traded over 2.96 per cent or Rs 84.55, higher at Rs 2,936 apiece on BSE. The market capitalisation of the company at around the same time stood at Rs 26,331.78 crore. 

Angel One Q4 results

On Wednesday, fintech player Angel One reported a consolidated profit after tax (PAT) of Rs 339.95 crore against Rs 266.97 crore, up 27 per cent year-on-year (YoY). The company's revenue for the fourth quarter ended March 31, stood at Rs 1,357 crore against Rs 826 crore a rise of 64.3 per cent YoY. 

The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at Rs 530 crore against Rs 386 crore, an increase of 37 per cent. The margins of the company stood at 39 per cent for the quarter under review against 46.7 per cent a year ago.    

Angel One Limited is a Fintech company providing broking services, margin trading facilities, research services, depository services, investment education, and financial product distribution to its clients. The company has more than 21.4 million registered clients. 

As per its investor presentation, its total client base increased 61.5 per cent to 2.22 crore YoY. Its number of orders increased 79.4 per cent to 47.1 crore YoY. 

As per Dinesh Thakkar, Chairman & Managing Director, Angel One the company recently completed a capital raise of Rs 15 billion (Rs 1,500 crore) to capitalise the business for future growth.

Angel One share price: Past performance

In a year, Angel One shares have given a multi bagger returns of over 125 per cent, against Nifty50's rise of over 25 per cent. 

Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.

DISCLAIMER: The views and investment tips expressed by investment experts on zeebiz.com are their own and not those of the website or its management. zeebiz.com advises users to check with certified experts before taking any investment decisions.