On a consolidated basis, the net profit of Angel One (from continuing operations) surged 38.53% to Rs 228.04 crore on a 25.5% rise in total income to Rs 759.66 crore in the October-December quarter of FY23 over the October-December quarter of FY22.

As compared with July-September of FY23, the net profit of Angel One was higher by 6.75%, and total income was higher by 1.84%.

The third quarter of FY23 was at Rs 309.9 crore, up by 6.8% from Rs 292.6 crore recorded in July-September of  FY23. EBDAT margin (as % of net income) stood at 53.9% in the October-December quarter of  FY23.

Angel One continued to witness gross solid addition of approximately 1 million clients in the October-December quarter of  FY23, crossing the 12.5 million mark in total client base during the quarter. The client base was 12.5 million in Q3FY23, up 8.1% QoQ and 60.7% YoY.

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The average daily turnover (ADTO) was Rs 14,50,000 crore in the October-December quarter of  FY23 (up 19% QoQ and up 108.4% YoY).

The BOD has recommended a dividend of Rs. 9.60 per equity share as a third interim dividend, equivalent to 35% of consolidated profit after tax, for the quarter.

The company has to provide advisory and broking services, loans against shares margin funding and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and a network of authorised persons.

Angel Ones’ shares were up 0.01% to Rs 1,315.60 on the BSE.