The share price of Indian stockbroker firm, Angel One Limited, formerly known as Angel Broking Limited surged by 2.90% in today’s trade. The share price hit at Rs. 1398.00 per unit. Today’s trade opened with Rs. 1399.41 per share and representing an increase of 3% and hit a high at Rs. 1429.65 per equity share.
Earlier on Monday, the stockbroker company, Angel One Limited announced its financial results report for the quarter ending December 2021. The stockbroker company reported a 125% year-on-year growth in the consolidated net profit for the December quarter at ₹165.4 crores.
The total revenue from operations grew by 94.7% to Rs 597.3 crore as compared to the previous year.
The net profit of Angel One rose to 124.89% and stood at Rs 164.55 crore for the quarter ending December 2021, as compared to Rs. 73.17 crore in the previous year during the same quarter. Also, Sales rose 94.70% to Rs 597.32 crore in the quarter ending December 2021 as compared to Rs 306.79 crore during the previous quarter ending December 2020.
The net annual revenue of Angel One Ltd stood at Rs 1298.98 crore FY2021. Whereas, the previous year it was 754.71 crore.
