Angel One Q1 net profit surges 102% to ₹2,707 mn
Revenue climbed 26%, EBDAT up 88%, client funding book hit record ₹61.4 bn. But the numbers were already disclosed in an earlier board filing.
— 6 earlier stories on Angel One Ltd. →What's new
- Net profit rose 102.2% YoY to ₹2,707 mn
- Gross revenues up 26.2% to ₹14,135 mn
- Average client funding book hit a record ₹61.4 bn
Why this matters
The press release adds management color but no new quantitative information beyond what was already filed. Still, the 102% profit jump on 26% revenue growth shows profit growth outpaced revenue sharply. The question is whether such momentum can continue as the base catches up.
What we're watching
- Client addition trends — user base now 38.6 million
- Credit book growth trajectory and NIMs
- Any regulatory headwinds for fintech broking
The full read
Angel One delivered a 102% YoY leap in net profit to ₹2,707 million in Q1 FY27, on the back of a 26% revenue increase. The 88% rise in EBDAT suggests strong cost control and scale benefits. But these numbers were already out. The board meeting filing earlier today contained them. What this press release adds is management context: chairman Dinesh Thakkar credits disciplined execution and a multi-product fintech strategy. The client funding book hit a record ₹61.4 billion, and user base crossed 38.6 million. The stock, trading at 33.5x trailing P/E, already reflects high expectations. The real test now is whether the momentum can sustain against a rising base and any regulatory shifts. That's not answered yet.
Questions answered
- Is the Q1 profit growth sustainable?
- The 102% YoY jump came on a relatively low base from a year ago. Sequentially, profit fell from ₹320 cr in Q4 FY26, suggesting some moderation. Sustainability depends on client activity and market conditions.
- What drove the margin expansion?
- Revenue grew 26% but EBDAT rose 88%, implying operational efficiency. The press release cites disciplined execution and a trusted platform strategy, but specific cost drivers aren't broken out.
- How does the client funding book compare to peers?
- At ₹61.4 billion, it's a record for Angel One. The company is expanding credit and asset management offerings, which can boost fee income but also brings credit risk.
- Was this filing price-sensitive?
- No — the same financial numbers were already shared in the board meeting filing earlier that day. This press release adds commentary but no new data, so it's unlikely to trigger significant moves beyond the initial result release.
- What is Angel One doing beyond broking?
- Chairman Dinesh Thakkar highlighted a strategy to build a trusted fintech platform across investing, wealth management, credit, and asset management. Recent leadership changes (new CTO, AMC CEO resignation) signal focus on technology and fund management.
- How does the stock's valuation look post-results?
- At a P/E of 33.5x trailing earnings, the stock is pricing in continued high growth. The 102% profit beat may justify the multiple, but any slowdown could lead to de-rating.
Angel One Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on ANGELONE →- 15 Jul 2026 · 6:06 PM IST Angel One Q1 net profit surges 102% to ₹2,707 mn
- 1d ago Angel One eyes broking margin of 45-50%, weighs active asset management
- 2d ago Angel One Q1 PAT doubles to ₹270.74 cr, mandates Deloitte as auditor
- 2d ago Angel One Q1 net profit doubles to ₹270.74 cr, declares interim dividend
- 2d ago Angel One Q1 standalone PAT jumps to ₹271 crore