Angel One’s share price jumps 7% in trade to hit an intraday high of Rs 3,100 in the early trade after the company reported a strong set of Q4 earnings. As of 09:18 AM, Angel One share price was at Rs 3,054.75, up 7.11% on the NSE.
The company reported a substantial increase in revenue, reaching Rs 1357 crore compared to Rs 1059 crore in the previous quarter, marking a notable 28% quarter-on-quarter (QoQ) growth. This surge in revenue was primarily fueled by a significant uptick in the number of orders processed, which soared to Rs 47 crore from Rs 35 crore, representing a remarkable 35% QoQ increase. Additionally, fee income surged to Rs 1109 crore, up by 31% from Rs 845 crore in the preceding quarter.
Angel One’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) witnessed a robust growth, reaching Rs 530 crore compared to Rs 398 crore in the previous quarter, marking a substantial 33% QoQ increase. Moreover, the company demonstrated an improvement in EBITDA margin by approximately 150 basis points (bps) QoQ, underlining operational efficiency and cost management initiatives.
Furthermore, Angel One reported a commendable growth in net profit, which surged to Rs 340 crore from Rs 260 crore in the previous quarter, reflecting a notable 31% QoQ increase.