Angel One Ltd shares were trading nearly 3% lower today as the company gears up to announce its Q3 FY25 results later in the day. Investors appear cautious amid expectations and recent updates provided by the firm on its quarterly business performance.
As of 9:43 am the shares were trading 2.20% down at ₹2,488
Key Metrics: Q3 FY25 Business Performance Update
Earlier this month, Angel One released its business performance update, highlighting both strong YoY growth and some QoQ declines across key metrics. Here are the highlights:
Client Base and Acquisition:
- Client Base: Grew by 51.7% YoY to 29.52 million as of December 31, 2024, compared to 19.45 million in Q3 FY24. Sequential growth stood at 7.4%.
- Gross Client Acquisition: Declined by 30.3% QoQ to 2.09 million and fell 15.2% YoY, indicating challenges in sustaining growth momentum.
Trading and Orders:
- Number of Orders Executed: Up 20.4% YoY to 421.68 million but down 13.8% QoQ.
- Average Daily Orders (ADO): Increased 18.4% YoY to 6.91 million but fell 9.6% QoQ.
Average Daily Turnover (ADTO):
- Overall ADTO (Notional Turnover): Declined 11.8% QoQ to ₹40,052 billion but grew 11.3% YoY.
- Equity Futures & Options ADTO: Decreased 11.9% QoQ to ₹39,347 billion but rose 10.8% YoY.
- Commodity ADTO: Increased 2.3% QoQ to ₹632 billion, showing a remarkable 87.5% YoY growth.
Mutual Fund SIPs:
- Unique SIP registrations surged 136.6% YoY to 2.26 million, reflecting strong traction in retail investment products.
Market Share:
- Cash Turnover Market Share: Increased 147 basis points YoY to 16.5%, despite a 95-basis-point QoQ decline.
- Commodity Turnover Market Share: Improved 149 basis points YoY to 60.3%, though it witnessed a 193-basis-point QoQ drop.
