Angel One shares fell 6% after the company reported a 49% year-on-year drop in net profit for the fourth quarter of FY25, totaling ₹174.52 crore. The retail brokerage giant also saw its revenue from operations slip 16.34% QoQ, while net profit fell 38% QoQ.
For investors, this means the recent bull run on Angel One stock just hit a speed bump. With market activity cooling, trading volumes dipping, and regulatory clouds over F&O trades, it’s not exactly smooth sailing.
What Does This Mean for the Average Investor?
If you’re one of Angel One’s 31 million clients, the bad news may not hit your pocket directly, but it could impact the platform’s innovation pace and service investments. Fewer trades mean lower commissions. And when that’s your bread and butter, even a small dip stings.
The Numbers Tell the Tale
- Profit before tax (PBT) dropped to ₹235.72 crore in Q4 FY25, down 48.6% from ₹458.77 crore in Q4 FY24.
- EBDAT (Earnings Before Depreciation, Amortization & Taxes) was ₹264.3 crore, falling 44% YoY and 36% QoQ.
- EBDAT margin shrank to 31.8%, down from 42% in Q3 and 44.8% in Q4 last year.
- Average Daily Turnover (ADTO) also took a hit, slipping 19.7% QoQ to ₹32 lakh crore.
It’s not just the money metrics. Client additions dropped sharply—only 1.6 million in Q4, a 22.4% fall from the previous quarter and 43.9% down YoY. However, total clients rose by 5.1% QoQ, touching 31 million overall.
Also Read: Prestige Estates Q4 Sales Soar to ₹6,957 Cr—Yet Annual Numbers Raise Eyebrows
The Leadership Response: “Tough Year, Long-Term Vision”
Chairman and MD Dinesh Thakkar called FY25 a “transformative year” marked by regulatory changes and market volatility. Despite the weak quarter, he highlighted Angel One’s annual gross income of ₹52 billion and net profit of ₹12 billion as proof of long-term strength.
“Our Super App is helping us capture more value per client,” said Thakkar, adding that the company remains focused on sustainable growth and tech innovation.
Group CEO Ambarish Kenghe echoed the optimism. “We achieved lifetime highs in client acquisitions and order execution,” he said, citing Angel One’s strength in areas like demat accounts and active clients on the NSE. The team plans to leverage AI and ML for personalized client experiences in the future.
Dividend Declared Despite Profit Slide
In a silver lining, the board has declared a final dividend of ₹26 per equity share for FY25. The dividend will be disbursed within 30 days of the AGM.
So, What’s the Real Talk Here?
Angel One isn’t crashing—it’s correcting. Like any broker tied to market volumes, its profits dance to the tune of trader activity. With F&O rules tightening and global tensions flaring, this dip isn’t shocking. But the real test? Whether its tech-led strategy can buffer it from future market tantrums.
After all, in the stock market, growth is good—but resilience is priceless.
Also Read: Wipro Q4 FY25: Economic Storm Forces Major Cuts—What’s Next for IT Services?
