Angel One Q1 results are out, and it’s a bit of a rollercoaster.
The profit for the June 2025 quarter fell 61% year-on-year, dropping to ₹114 crore. That’s a big hit, no sugar-coating it. The profit before tax also dipped 58.56%, landing at ₹164.44 crore.
Even worse, the EBDAT (earnings before depreciation, amortization, and taxes) fell over 53% to ₹194.4 crore. Its margin also dropped — now at 21.8% from last year’s 37.7%.
Where Did the Bright Side Come From?
Despite all the red ink, Angel One still managed to shine in other areas. The client base grew by over 31% in one year. The total now stands at 32.47 million, up from 24.72 million in Q1 last year. That’s not a small feat.
But not everything is rosy there either. Gross client acquisition dropped by 41.5%, with only 0.55 million new clients in June 2025, down from 0.94 million last year.
Still, Angel One hit a record. The broking client funding book reached ₹48,000 crore — the highest ever.
Their asset management arm also launched two new schemes, bringing the total to five. Total AUM now stands at ₹340 crore.
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The Tech-Driven Bet
Chairman and MD Dinesh Thakkar is still betting big on India’s digital future. In his words, “India is at the cusp of a financial revolution.”
He says Angel One is using tech, data, and AI to bring smarter, low-cost financial services to the masses. The focus is now shifting beyond big cities, where the next wave of growth lies.
What the CEO Thinks
Ambarish Kenghe, the Group CEO, sees hope in the long game. He said the platform added 1.5 million new clients this quarter and kept a strong market share — 15.3% on NSE and 19.7% in overall retail equity turnover.
Angel One is now adding AI and advanced data tools to improve client experience, increase retention, and make operations more efficient.
The company is also investing big in branding — from IPL ads to digital campaigns — to win trust and stay top-of-mind.
Despite the falling profit, investors stayed calm. Angel One shares actually rose 1.98% on BSE, closing at ₹2,768.95.
