Angel One Q3 Results: Net profit rises 8% to ₹281.4 crore, revenue up 19%; Interim dividend declared

Angel One Q3 Results: Net profit rises 8% to ₹281.4 crore, revenue up 19%; Interim dividend declared

Brokerage Angel One on Monday reported its smallest quarterly profit increase since listing in 2020 as tighter regulations in the derivative sector weighed.

Angel One’s total client base rose nearly 52% in the third quarter ending December to 29.5 million.

It also raised brokerage charges during the quarter, including those on options and futures trading, to mitigate the impact of tighter regulations.

JSW Group’s JSW Cement gets Sebi nod for ₹4000 crore IPO; details here

The company said its share in India’s demat accounts, which allow investors to hold securities electronically, rose 196 basis points to 15.9% in the quarter from a year earlier.

About the Author

MINT