Angel One's average client funding book grows by 77.8% yoy at Rs1638 crore

4 Mar 2022 , 12:17 PM

Angel One Ltd. (formerly angel broking) reported its monthly business updates for February 2022. The company has reported a 133.6% yoy increase in its client base at 8.76 million customers in the month under review against 8.34 million customers in the previous corresponding month.

Over the last year, the company has recorded a growth of 54% in its gross client acquisition at 0.45 million in February 2022, as compared to 0.29 million in February 2021. However, it is 15.6% lower than the previous month’s acquisition despite the number of working days being the
same.

Its average client funding book stood at Rs1,638 crore for Feb’22 against Rs921 crore in Feb’21. While it added only 3.6% over the last month’s record of Rs1582 crore.

Until February 2022, the company’s number of orders grew 5% sequentially at 70.30 million orders, while it added 74.80% over the last year’s order numbers of 40.21 million.

Angel One Ltd is currently trading at Rs1,304.75 up by Rs3.25 or 0.25% from its previous closing of Rs1,301.50 on the NSE.