Angel One shares drop up to 7% post Q3FY25 earnings

Shares of stock broking and allied services firm Angel One dropped up to 7 per cent in Tuesday's trade (January 14) post the announcement of the company's quarterly earnings. The drag came even as the results were largely in-line.

For the October-December quarter, the company's consolidated profit after tax came in at Rs 281.5 crore, marking a substantial 34 per cent drag in contrast to Rs 423.4 crore reported in the quarter ended September of the ongoing fiscal year. Nonetheless, the profit increased 8.2 per cent year-on-year.

Total gross revenue for the review quarter came in at Rs 1,263.8 crore while the same was Rs 1,516 crore in Q2FY25 , a de-growth of16.6 per cent on QoQ basis. However, the metric registered a 19 per cent on-year growth.

Furthermore, the company reported Rs 496 crore in EBITDA or earnings before interest, taxes, depreciation, and amortization for the reporting quarter, marking a 24 per cent on-year growth. Margin, on the other hand, grew by 1.7 per cent or 170 basis points to 39.3 per cent during Q3 when compared to 37.6 per cent during the same quarter last year.

Dinesh Thakkar, Chairman & Managing Director of Angel One said, “India’s capital market remains on a growth trajectory, reflecting increasing trust among retail investors. The evolving regulatory landscape has fostered greater client confidence, ensuring long-term retention and participation."

While a few regulations introduced this quarter caused a temporary industry-wide impact, we are confident that our aggressive client acquisition strategy, coupled with the normalisation of client activity, will drive renewed growth momentum in the coming quarters, he added.

The consensus recommendation on the stock from 7 analysts is a 'buy'. Currently, the stock is trading below its 50-day, 100-day and 200-day simple moving average- signalling potential long-term downtremd.

Angel One share price performance

The stock of the brokerage entity is down as much as 39 per cent from its 52-week high price. The stock in the last one year has delivered a negative return of over 37 per cent.