Angel One gains after Q3 PAT spurts 125% YoY to Rs 165 cr

18 Jan 2022 , 09:31 AM

On a consolidated basis, the companys profit before tax (PBT) surged 111.30% to Rs 220.74 crore in Q3FY22 over Q3FY21.

Consolidated EBDAT stood at Rs 225.6 crore in Q3 FY22 as against Rs 183.9 crore in Q2 FY22, a growth of 22.7% QoQ basis. EBDAT margin (as % of net income) increased to 50.7% in Q3 FY22.

The board had recommended an interim dividend of Rs 7 per share for the Financial Year 2021-22. The record date is set on 25 January 2022.

The company reported highest gross client addition of 1.3 million in Q3 FY22, up 5% quarter-on-quarter and 162% year-on-year.

The firms overall retail equity turnover market share stood at 20.9% in Q3 FY22, down 30 bps QoQ and up 472 bps YoY.

Angels Average Daily Turnover (ADTO) stood at Rs 6,94,600 crore in Q3 FY22, up 20% QoQ.

Dinesh Thakkar, chairman MD said, ?Angel is one of the pioneers and has played a pivotal role in broadening Indias equity culture. Today, Angel has become one of the most formidable digital players, growing at a rapid pace. Our digital acquisition and activation engines continue to fuel our growth. Our deep-rooted capabilities, combined with customer friendly products have powered us to become a family of 7.8mn clients and growing, thus garnering a 9.7% market share in Indias demat accounts as of December 2021. Our digital first strategy has ensured scalability with reduced payback, thus building greater resilience and predictability into the business. We focus on continuously evolving our business model to stay ahead of the curve while augmenting our technological capabilities to introduce best in class features, with the aim to consistently improve client experience. In line with our dividend policy, the Board of Directors have declared a 3rd interim dividend amounting to 35% payout.

Narayan Gangadhar, chief executive officer said, ?Q3 FY2022 has been a historic quarter for us, as we continued to create new milestones, both operationally and financially. We have focused on increasing reliability and optimization of journeys, which has enhanced business metrics. On the data science side, we have undertaken initiatives that have led to improved client acquisition and activation by developing new machine learning based models. Improved KYC and in-app journeys have eased client onboarding and navigation. Angel has pioneered the real-time process of identifying bank account details during the onboarding, by using a mobile number, an industry first initiative. Our rigorous focus of scaling up client experience has yielded positive results, as we see improved net promoter score, Google Playstore rating, better lead conversion, higher active client ratio, to list a few. Our Super-App is in the development phase. As a precursor to that, our fresh iOS and Android app, which is currently in the beta phase, is expected to be launched, over the next few months. I firmly believe that our razor-sharp focus on technology, will eventually facilitate us to attain our long-term goal of market leadership.

Angel One is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients.

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