Angel One Limited has reported strong financial results for the second quarter of the fiscal year 2024-25, leading to a 10% surge in its stock price following the announcement. Key figures for the quarter ending September 30, 2024, include:
- Revenue from Operations: ₹1,514.71 crore, showing a 7.5% quarter-on-quarter (QoQ) growth and a 44% year-on-year (YoY) increase from ₹1,405.45 crore in the previous quarter.
- Net Profit: ₹423.38 crore, marking a 45% QoQ rise and a 40% YoY increase, up from ₹292.74 crore in Q1 FY25.
- Total Income: ₹1,515.96 crore, compared to ₹1,410.07 crore in the previous quarter.
- Earnings per Share (EPS): Basic EPS stood at ₹46.98, while diluted EPS was ₹46.15 for the quarter.
Additionally, the Board of Directors approved the re-classification of certain Promoter Group members to the ‘Public’ category, subject to shareholder approval. This decision is aimed at optimizing the company’s shareholder structure.
As of 9:15 am shares of Angel One were trading 7.97% higher at Rs₹2,940.00 on NSE.
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