Company Overview
Angel One Ltd is a leading diversified financial services company engaged in stock, commodity, and currency broking, institutional broking, margin trading, depository services, mutual fund distribution, lending (as an NBFC), and acting as a corporate insurance agent. The company continues to strengthen its presence in fintech and digital wealth management through its Super App and SmartAPI platforms. Presenting below its Q2 FY26 Earnings Results.
Q2 FY26 Earnings Results
Angel One Ltd reported revenues of ₹1,202 crore for Q2 FY26, witnessing a 20.66% decline year-on-year from ₹1,515 crore. Total expenses fell marginally by 3.6% to ₹910 crore from ₹944 crore. Consolidated net profit dropped sharply by 49.88% to ₹212 crore, compared to ₹423 crore in the same quarter last year. Earnings per share stood at ₹23.34, down 50.30% from ₹46.96 YoY.
Operational & Strategic Update
Revenue performance was impacted by regulatory headwinds in the derivatives segment and declining average revenue per client. Elevated marketing investments, particularly IPL sponsorship expenses, weighed on margins. Despite this, client additions remained strong—Angel One added 1.5 million new customers during the quarter, taking its total client base beyond 32 million, with 7.3 million active NSE clients.
The company’s loans and wealth management verticals continued to gain traction. Strong business volumes in equity delivery and enhanced retail investor participation provided some cushion to growth pressures.
Outlook
Angel One is focusing on expanding its digital ecosystem through next-gen fintech tools, including AI-driven trading, curated wealth management, and loan distribution. While short-term earnings may remain under pressure due to regulatory changes and elevated costs, sustained growth in client acquisition and diversification across financial products are expected to support long-term profitability.
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