Angel One Q4 PAT doubles to Rs204.69 crore amid surge in fresh accounts

21 Apr 2022 , 12:09 AM

Angel One Ltd reported 64.28% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs671.28cr. On a sequential basis, the revenues were higher for the quarter by 12.38%. In terms of growth in revenues, the brokerage business saw 62% yoy growth at Rs682cr.

This growth was largely achieved through aggressive new account openings, leveraging the digital growth channels and aggressive trading account activation.

Angel has been one of the big beneficiaries of the surge in trading and demat accounts.

The consolidated net profit for Q4 was up 100.85% to Rs204.69cr, while the profits were higher by 24.39% on a sequential basis.

The profits of the company were boosted by a much lower cost structure and a greater dependence on the less capital intensive franchisee model.

Angel also declared a fourth interim dividend of Rs.7 per share and final dividend of Rs.2.25 per share. Net margins stood at 30.49% in Mar-22 quarter compared to 24.94% in Mar-21. The net profit margins were also higher by 294 basis points on a sequential basis.

Financial highlights for Mar-22 compared yoy and sequentially

	Angel One Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 671.28	₹ 408.61	64.28%	₹ 597.32	12.38%
Net Profit (Rs cr)	₹ 204.69	₹ 101.91	100.85%	₹ 164.55	24.39%
Diluted EPS (Rs)	₹ 24.30	₹ 12.37		₹ 19.54
Net Margins	30.49%	24.94%		27.55%