Angel One Q2 results: Cons PAT jumps 39% YoY to Rs 423 crore, revenue up 44.5%
Angel One on Monday reported a consolidated net profit at Rs 423 crore in the quarter ended September 30, 2024, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter.
On a sequential basis, profit after tax (PAT) was up by 45% as against Rs 293 crore in Q1FY25, the company filing said.
Company's consolidated total gross revenues for the reported quarter stood at Rs 1516 crore versus Rs 1,410 crore in Q1FY25, which was a growth of 7.5% on QoQ basis.
Consolidated EBDAT in Q2FY25 stood at Rs 598 crore versus Rs 419 crore in Q1FY25, which is a growth of 42.5% on QoQ basis. Meanwhile, reported EBDAT margin (as % of total net income) stood at 49.9% in Q2FY25.
The brokerage added 30 lakh clients in Q2FY25, which is a growth of 15.9% on QoQ basis taking the overall client base to 27.5 million, which is a growth of 11.2% on QoQ basis.
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