Angel One reports higher Q2 PAT at Rs134.2cr

The company’s revenue jumped to Rs527.34cr from Rs309.85cr yoy.

Oct 21, 2021 10:10 IST India Infoline News Service

Quarterly Results
Angel One Limited (Angel Broking) announced its unaudited consolidated financial results for the quarter and half year ended on September 30, 2021. The company reported a higher consolidated profit at Rs134.2cr in Q2FY22 against Rs74.5cr in Q2FY21, revenue jumped to Rs527.34cr from Rs309.85cr yoy.

The Board of Directors has recommended a second interim dividend of Rs5.70/- per equity share of Rs. 10/- each, i.e. ~35% of consolidated profit after tax, for the quarter.

“Angel is amongst the forerunners and has played a significant role in diversifying India’s equity culture, as we continue to witness strong addition. Our robust digital platforms are well accepted by the Gen Z and millennials. We continue to augment our technology and products by upskilling our artificial intelligence, machine learning and data science capabilities, to provide clients with seamless and best in class experience,” Dinesh Thakkar, Chairman & MD, said.

“During the quarter, we on boarded some of the best talent in technology and product development, as Jyotiswarup Raiturkar, joined us as Chief Technology Officer along with other senior and mid-level executives at our product development center in Bengaluru. This will help us to develop planet scale products and solutions, while keeping simplicity, reliability, and efficiency at our core.

We submitted our application with SEBI, for an in principal approval to set up our AMC. This will be one of the key levers for us, as we progress towards offering wealth-tech solutions. The effervescence and freshness of our Angel One brand and its endorsement by our target client base has been further riveted with ‘Angel Broking Limited’ being rechristened as ‘Angel One Limited’.

At around 10.45 am, Angel One Ltd was trading at Rs1,347.40 per piece down by Rs49.15 or 3.52% from its previous closing of Rs1,396.55 per piece on the BSE.

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