Broking companies—Angel One and ICICI Securities—have reported strong results in the quarter ending September, where both companies have logged more than 40 per cent revenue and profit year-on-year (YoY). Both companies have also recorded a tremendous increase in futures and options (F&O) average daily turnover (ADTO) and F&O orders.

Angel One's performance in Q2 

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According to Zee Business Research, in Q2FY24, Angel One recorded an increase in its client base by 47.6 per cent on a YoY basis and 13.3 per cent quarter-on-quarter (QoQ). 

Its F&O orders increased 52 per cent YoY, and F&O ADTO rose 145 per cent YoY. 

The discount broking firm for the quarter ending September posted a consolidated profit of Rs 305 crore as against a consolidated net profit of Rs 214 crore in the year-ago period. Its quarterly revenue grew 40.7 per cent on a YoY basis to Rs 1,048 crore, according to a regulatory filing.

Angel One registered Rs 443 crore in earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter under review, marking a jump of 40.1 per cent compared with the year-ago period.

Angel One share price performance 

In 2023 so far, shares of Angel One have gained over 60 per cent against Nifty50's rise of nearly 9 per cent.

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