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Tag: Angel One

Angel One achieved 108.7% YoY growth in its client base at 10.10 million in May 2022
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Angel One achieved 108.7% YoY growth in its client base at 10.10 million in May 2022

Jun 9, 2022 by Praveen 0 Comments #Angel One, #Growth

Fintech company Angel One Limited (formerly Angel Broking Limited) continues to record strong performance across business parameters in May 2022. The company achieved a significant milestone with its client base expanding to 10.10 million in May, a 108.7% YoY growth. The gross client acquisition for the month was 0.47 million, a 10.2% YoY growth, indicating continued growth momentum.

The Fintech company processed 70.63 million orders, a 48.4% YoY growth, in May 2022. The company also registered impressive numbers in other areas, as its overall Average Daily Turnover (ADTO) grew by 88.2% YoY to Rs 8.94 trillion in May 2022. Angel One’s average client funding book surged by 60.4% YoY to Rs 18.84 billion.

Commenting on the growth numbers, Mr. Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “Our goal is to make investment solutions accessible to as many people as possible. The journey to 10 million clients, a feat achieved by only a few in the industry, has been extremely exciting. Angel One has always aimed to provide its clients with the best-in-class products and services that lead to solid wealth creation. We are glad that we are making investments simplified for so many individuals in the country.”

Mr. Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “We are growing across business parameters, and it has been possible only because of our technologically advanced products. I feel extremely happy for the trust our clients have put in us, as we partner with them in their wealth creation journey. Going forward, we are look to serve an expansive client base as we set ourselves to claim market leadership. Our endeavour is to constantly improve and provide the most beneficial solutions to our clients.”

Angel One is democratizing the capital market by making it accessible to people across India, even in tier 2, 3 cities & beyond. To further simplify investment, the company recently launched its Super App for limited users. The Angel One Super App is a powerful web and mobile platform built on the principles of simplicity, reliability, availability, swiftness and transparency.

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Angel One announced financial results for the quarter ended on 31st December 2021

Jan 20, 2022 by Gouri 0 Comments #Angel One, #Dinesh Thakkar, #financial results, #Narayan Gangadhar

Mumbai: 19th January 2022: Commenting on Angel One’s performance, Mr. Dinesh Thakkar, Chairman MD said, “Angel is one of the pioneers and has played a pivotal role in broadening India’s equity culture. Today, Angel has become one of the most formidable digital players, growing at a rapid pace. Our digital acquisition and activation engines continue to fuel our growth. Our deep-rooted capabilities, combined with customer-friendly products have powered us to become a family of 7.8mn clients and grow, thus garnering a 9.7% market share in India’s demat accounts as of December 2021.

Our digital-first strategy has ensured scalability with reduced payback, thus building greater resilience and predictability in the business. We focus on continuously evolving our business model to stay ahead of the curve while augmenting our technological capabilities to introduce best in class features, with the aim to consistently improve client experience.

In line with our dividend policy, the Board of Directors has declared a 3rd interim dividend amounting to 35% payout.”

Commenting on the performance, Mr. Narayan Gangadhar, Chief Executive Officer said, “Q3 FY2022 has been a historic quarter for us, as we continued to create new milestones, both operationally and financially. We have focused on increasing the reliability and optimization of journeys, which has enhanced business metrics. On the data science side, we have undertaken initiatives that have led to improved client acquisition and activation by developing new machine learning-based models. Improved KYC and in-app journeys have eased client onboarding and navigation. Angel has pioneered the real-time process of identifying bank account details during the onboarding, by using a mobile number, an industry-first initiative.

Our rigorous focus of scaling up client experience has yielded positive results, as we see improved net promoter score, Google Playstore rating, better lead conversion, higher active client ratio, to list a few. Our Super-App is in the development phase. As a precursor to that, our fresh iOS and Android app, which is currently in the beta phase, is expected to be launched, over the next few months.

I firmly believe that our razor-sharp focus on technology will eventually facilitate us to attain our long-term goal of market leadership.”

Business Performance at a Glance:

Angel’s Turnover Market Share

Particulars Q3 Q3 ‘22‘22 Q2 ‘22Q2 ‘22 QoQ Growth
Overall Equity 20.9% 21.2% -30 bps
F&O 20.9% 21.3% -32 bps
Cash 14.2% 14.0% 27 bps
Commodity 36.4% 27.7% 862 bps

Angel’s Average Daily Turnover (ADTO)

Particulars (₹ bn) Q3  Q3 ‘22‘2222 Q2 Q3 Q3 ‘22‘22 ‘22 QoQ Growth
Overall Equity 6,946 5,790 20.0%
F&O 6,764 5,642 19.9%
Cash 51 50 1.6%
Commodity 66 60 10.4%

 

  • Client Additions

Company witnessed strong gross addition in client base by 1.34 mn clients in Q3 ’22 as compared to 1.28 mn clients in Q2 ’22

  • Consolidated Total Income

₹ 6,071 mn in Q3 ’22 vs ₹ 5,382 mn in Q2 ’22, a growth of 12.8% QoQ basis

₹16,197 mn in 9M ’22 vs ₹ 8,801 mn in 9M ’21, a growth of 84.0% YoY basis

  • Consolidated EBDAT

₹ 2,256 mn in Q3 ’22 vs ₹ 1,839 mn in Q2 ’22, a growth of 22.7% QoQ basis

EBDAT Margin (as % of Net Income) increased to 50.7% in Q3 ‘22 ₹ 5,758 mn in 9M ’22 vs ₹ 2,832 mn in 9M ’21, a growth of 103.3% YoY basis

  • Consolidated Profit After Tax From Continuing Operations

₹ 1,646 mn in Q3 ’22 vs ₹ 1,343 mn in Q2 ’22, a growth of 22.6% QoQ basis

₹ 4,203 mn in 9M ’22 vs ₹ 1,961 mn in 9M ’21, a growth of 114.3% YoY basis

  • Dividend

The Board of Directors have recommended a third interim dividend of Rs. 7.0/- per equity share of Rs. 10/- each, equivalent to

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Angel One Limited launches subscription-based smallcase services curated by Managers on its platform

Dec 21, 2021 by Gouri 0 Comments #Angel One, #Angel One Limited, #Narayan Gangadhar, #Prabhakar Tiwari, #Vasanth Kamath

In another step towards empowering its customers by enabling them to build a diversified portfolio, Angel One Limited (formerly known as Angel Broking Limited), a one-stop financial services brand, announced a collaboration with several leading research analysts and investment advisors to offer subscription-based small cases on its platform. Users can now invest in 33 new small cases offered by Managers.

The partnership will enable users to invest in equity & ETF portfolios based on innovative strategies from India’s notable investment managers. Angel One clients will be able to explore equity options curated by SEBI-registered analysts and advisors such as Abakkus, Green Portfolio, Capitalmind, Teji Mandi, Wright Research, Windmill Capital, Weekend Investing and Aurum Capital. The suggested portfolios will be based on quantamental framework, growth, quality, dividend, factor investing, quantitative, momentum, etc.

Talking about the association, Prabhakar Tiwari, Chief Growth Officer, Angel One Ltd, said, “At Angel One, we believe in simplifying the investor journey by providing them with a bouquet of tech-driven processes, tools and platforms. The new small case services will help our clients in maximizing their returns. They will be able to navigate through multiple baskets of stocks/ETFs and diversify their portfolios for long-term investments.”

Narayan Gangadhar, Chief Executive Officer, Angel One Ltd, said, “At Angel One, we have always aimed at enabling our investors to maximize their returns by providing them with technologically-advanced solutions. We are adding more small cases to our platform to help them achieve the same. Now they have more options to explore and adopt the investment strategy that works best for them.”

Vasanth Kamath, Founder & CEO, small case, said, “This partnership aligns with small cases efforts in democratizing investment products and offering unique strategies for Angel One’s clientele. There is an increased interest among individual investors looking for differentiated strategies and exposures while exercising complete control over their investments. small cases offer a unified and transparent solution to such clients.”

Managers will review the small cases regularly to ensure that it continues to reflect the underlying strategy. Investors will be charged a fee to avail the benefits of these bespoke portfolios through small cases. While some are available in percentage-based models, others are available in flat-fee models. Angel One users can review and invest in these small cases from a single platform.