Angel One rallies 10%, hits all-time high on healthy Q4 results

Shares of Angel One hit an all-time high of Rs 1,793 after they rallied 10 per cent on the BSE in Thursday’s intra-day commerce on a healthy set of numbers for the quarter ended March 2022 (Q4FY22).

The company, engaged in stock broking & allied providers business, surpassed its earlier high of Rs 1,782.15 touched on April 11, 2022. At 09:54 AM, it was 6 per cent greater at Rs 1,722, as in comparison with 0.71 per cent rise within the S&P BSE Sensex. In the previous one year, the stock has zoomed 410 per cent, as towards 20.5 per cent rally within the benchmark index.

In Q4FY22, the company’s revenue after tax (PAT) elevated 24 per cent quarter on quarter (QoQ) and 94.6 per cent year on year (YoY) at Rs 205 crore, on healthy quantity progress. Operating income grew a powerful 16 per cent QoQ and 77 per cent YoY to Rs 410 crore, pushed by a healthy efficiency throughout Broking and curiosity revenue. Growth within the Broking business was pushed by the F&O section, which noticed a powerful progress (up 117 per cent YoY and 21 per cent QoQ) at Rs 370 crore.

The administration mentioned Angel One skilled its best-ever quarter in Q4FY22, throughout its operational and monetary metrics. The company had the very best gross consumer addition, finest quarterly orders, record-high quarterly income and profitability, because the company surpassed the 9-million consumer mark.

Meanwhile, the monetary year 2021-22 (FY22) has been a momentous year the place India achieved quite a few milestones in capital markets, most notably, highest-ever gross consumer addition in a year, rising retail participation resulting in file high each day turnover.

“Angel One is a perfect play on the financialization of savings, and digitization. It demonstrated a strong performance across key operating parameters in 4QFY22. As guided by the management, it continues to invest in technology and strengthen its position. The client addition trajectory for the industry as well as Angel One will continue, led by stark under penetration. The cyclicality in revenue is much lower for Discount Brokers v/s their Traditional counterparts due to the shift towards a flat fee revenue model,” Motilal Oswal Financial Services mentioned in a end result replace.

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