Mumbai, July 05, 2024 – Angel One Limited, a prominent player in the financial services sector, has reported significant growth in its key business parameters for June 2024 and the first quarter of the financial year 2025 (Q1 FY25). The company has seen impressive gains in its client base, trading volumes, and other critical metrics.
Key Highlights for June 2024
- Client Base: Angel One’s client base grew to 24.72 million, marking a month-on-month (M-o-M) increase of 3.7% and a year-on-year (YoY) surge of 64.2%.
- Gross Client Acquisition: The company acquired 0.94 million new clients, showing a 6.3% M-o-M growth and a remarkable 96.9% YoY growth.
- Average Client Funding Book: This metric rose to Rs. 30.38 billion, up 10.9% M-o-M and a substantial 172.1% YoY.
- Number of Orders: Orders executed increased to 168.01 million, reflecting a 5.9% M-o-M and an 87.3% YoY increase.
- Unique Mutual Fund SIPs Registered: Registrations grew to 576.18 thousand, an impressive 21.8% M-o-M and 259.9% YoY increase.
Average Daily Turnover (ADTO):
- Overall ADTO based on notional turnover reached Rs. 45,742 billion, a 4.4% M-o-M and a 90.2% YoY growth.
- F&O ADTO was Rs. 45,112 billion, growing 4.4% M-o-M and 90.9% YoY.
- Cash ADTO increased by 27.8% M-o-M and 188.4% YoY to Rs. 106 billion.
- Commodity ADTO saw a 3.6% M-o-M and an 87.3% YoY growth, reaching Rs. 524 billion.
Quarterly Performance (Q1 FY25)
- Client Base: The client base grew by 11.2% quarter-on-quarter (QoQ) and 64.2% YoY to 24.72 million.
- Gross Client Acquisition: 2.58 million new clients were added, reflecting a 94.8% YoY increase despite a 10.5% QoQ decline.
- Average Client Funding Book: This saw a robust growth of 29.4% QoQ and 140.8% YoY to Rs. 26.26 billion.
- Number of Orders: Orders totaled 462.18 million, an 85.9% YoY growth despite a slight QoQ decline of 1.9%.
- Unique Mutual Fund SIPs Registered: Registrations increased by 7.2% QoQ and 246.1% YoY to 1,493.17 thousand.
- Overall ADTO: Reached Rs. 43,781 billion, a 92.7% YoY growth.
- Cash ADTO: Increased by 16.3% QoQ and 164.3% YoY to Rs. 88 billion.
- Commodity ADTO: Saw a significant rise of 35.2% QoQ and 101.0% YoY to Rs. 494 billion.
- Cash Turnover Market Share: Increased by 126 basis points (bps) QoQ and 323 bps YoY to 16.6%.
- Commodity Turnover Market Share: Despite a QoQ decrease of 166 bps, it grew by 92 bps YoY to 57.9%.
Regulatory Compliance
Angel One Limited continues to comply with SEBI regulations and follows its internal code of practices for fair disclosure. The data provided is based on a limited review by the management team, and the company intends to update these metrics monthly.
Naheed Patel, Company Secretary and Compliance Officer, signed off the report on July 05, 2024, from Mumbai.
Angel One Limited’s consistent growth trajectory highlights its robust operational capabilities and strategic focus on expanding its client base and enhancing trading volumes. The company’s performance metrics underscore its strong market position and commitment to delivering value to its stakeholders.
Note:This post was written and edited by Dhruv Lal, based on their expertise and research. It is intended for informational purposes only. It does not constitute legal advice or Investment Advice. We welcome your feedback and questions on this content. Please feel free to contact us.