Angel One Reports Q1 FY27 Net Profit of Rs 231 Crore
Angel One Limited reported a first-quarter net profit of Rs 231 crore, marking a sequential decline despite doubling its earnings year-on-year.
Angel One Limited reported a consolidated net profit of Rs 231 crore for the first quarter of FY27. While this figure represents a sequential decline of approximately 28% from the Rs 320 crore earned in the preceding quarter, it is more than double the Rs 114.5 crore profit recorded during the same period last year.
Financial performance showed mixed results as revenue from operations dipped 2.1% sequentially to Rs 1,430 crore, though total income grew 25.4% year-on-year to Rs 1,434 crore. The company faced operating pressure, with EBITDA falling 19% sequentially to Rs 485 crore and margins contracting by 710 basis points to 33.9%.
Despite these earnings pressures, the firm expanded its client base to 3.86 crore and achieved a record average client funding book of Rs 61.4 billion. The board of directors declared a first interim dividend of Re 1 per equity share, establishing July 21 as the record date.