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ANGEL ONE LIMITED Earnings Release 2021
62103_rns_2021-10-20_f4f514dd-3ecb-4bb4-816d-f5de9d6c0de9.pdf
Earnings Release
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To. Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.
Department of Corporate Service BSE Limited Phiroze Jeejeebhoy Towers. Dalal Street, Mumbai - 400 001.
Symbol: ANGELBRKG
Scrip Code: 543235
Dear Sirs.
Subject: Press release - Growth Momentum continues
Please find enclosed press release dated October 20, 2021 for the captioned subject.
This is for your information and records.
Kindly acknowledge the receipt.
Thanking you,
For Angel One Limited (Formerly Known as Angel Broking Limited)
Naheed Patel Company Secretary and Compliance thcer Membership no. A22506
Date: October 20,2021 Place: Mumbai
Encl: As above
CSO & Corporate Office:
6th Floor, Ackruti Star, Central Road, MIDC, Andheri (E) Mumbai-400 093. T: (022) 4000 3600 F: (022) 3935 7699
Regd Office:
G-1, Ackruti Trade Centre, MIDC, Road No-7, Andheri (E).
Mumbai - 400 093. T: (022) 6807 0100 F: (022) 6807 0107 E: [email protected] www.angelone.in
Angel One Limited
(Formerly Known as Angel Broking Limited) CIN: L67120MH1996PLC101709, SEBI Registration No Stock Broker: INZ000161534, CDSL: IN-DP-384-2018, PMS: INP000001546, Research Analyst: INH000000164, Investment Advisor INA000008172, AMFI Regn. No. ARN-77404, PFRDA, Regn. No.-19092018.
Growth Momentum Continues
Mumbai, October 20th , 2021: Angel One Limited (BSE: 543235) (NSE: ANGELBRKG), announced its unaudited consolidated financial results for the quarter and half year ended on 30th September 2021.
| Key Performance Highlight | Q2 '22 | QoQ Growth | YoY Growth |
|---|---|---|---|
| Highest Gross Client Addition | 1.3 mn | t 6% |
t 132% |
| Highest Incremental NSE Active | 0.5 mn | t | t |
| Clients | 17% | 100% | |
| Highest Number of Trades | 288 mn | t 16% |
t 81% |
| Highest Avg. Daily Turnover | 5.8 trn | t | t |
| ₹ | 27% | 352% | |
| Overall Retail Equity Turnover | 21.2% | • | t |
| Market Share | 157bps | 886bps | |
| Avg. Client Funding Book Size | 15.3 bn | t | t |
| ₹ | 25% | 85% | |
| Total Gross Revenues | 5,382 mn | t | t |
| ₹ | 13% | 69% | |
| Profit from continuing operations | 1,343 mn | t | t |
| ₹ | 11% | 80% |
Mr. Dinesh Thakkar, Chairman & MD said, "Angel is amongst the fore-runners and has played a significant role in diversifying India's equity culture, as we continue to witness strong addition. Our robust digital platforms are well accepted by the Gen Z and millennials. We continue to augment our technology and products by upskilling our artificial intelligence, machine learning and data science capabilities, to provide clients with seamless and best in class experience.
During the quarter, we onboarded some of the best talent in technology and product development, as Jyotiswarup Raiturkar, joined us as Chief Technology Officer along with other senior and mid level executives at our product development center in Bengaluru. This will help us to develop planet scale products and solutions, while keeping simplicity, reliability, and efficiency at our core.
We submitted our application with SEBI, for an in principal approval to set up our AMC. This will be one of the key levers for us, as we progress towards offering wealth-tech solutions.
The effervescence and freshness of our Angel One brand and its endorsement by our target client base has been further riveted with 'Angel Broking Limited' being rechristened as 'Angel One Limited'.
The Board of Directors have approved distribution of 35% of Q2 FY2022 consolidated profit as 2nd interim dividend."
Mr. Narayan Gangadhar, Chief Executive Officer said, "For the 2 nd consecutive quarter, we acquired more than 1.2mn clients which demonstrates our robust processes, strong performance marketing, backed by our efficacious technology & product suite. With this, our total client base expanded to 6.5 mn clients. Growing client base, and a corresponding increase in active client base, led to continued improvement in our operating and financial metrics.
We have expanded our product and technology talent base. Our focus will be on modernizing systems, leveraging cloud capabilities, enhancing product reliability, security and attaining shorter time to market, while also using advanced artificial intelligence, machine learning and data science techniques to build our next-gen Super-App with personalized journeys.
In our pursuit to democratize stock broking and attain leadership position, we are constantly improving our products and adding newer features and services. We are well placed to capitalise on the massive growth opportunity that is unfolding for Fintech players like us."
Business Performance at a Glance:
Angel's Turnover Market Share
| Particulars | Q2FY22 | Q1FY22 | Growth |
|---|---|---|---|
| Overall Equity | 21.2% | 22.7% | -157 bps |
| F&O | 21.3% | 22.9% | -167 bps |
| Cash | 14.0% | 13.8% | 14 bps |
| Commodity | 27.7% | 25.8% | 197 bps |
Angel's Average Daily Turnover (ADTO)
| Particulars (₹ bn) |
Q2FY22 | Q1FY22 | Growth |
|---|---|---|---|
| Overall Equity | 5,790 | 4,547 | 27.3% |
| F&O | 5,642 | 4,394 | 28.4% |
| Cash | 50 | 60 | -17.4% |
| Commodity | 60 | 55 | 8.3% |
ClientAdditions
Company witnessed strong gross addition in client base by 1.3 mn clients in Q2FY22 as compared to 1.2 mn clients in Q1FY22 A
Total Income
- ₹ 5,382 mn in Q2FY22 vs ₹ 4,745 mn in Q1FY22, a growth of 13.4% QoQ basis A
- Income growth was aided by strong client addition A
EBDAT
- ₹ 1,839 mn in Q2FY22 vs ₹ 1,663 mn in Q1FY22, a growth of 10.6% QoQ basis A
- EBDAT Margin (as % of NetIncome) remained stable at 47.4% A
ProfitAfterTax fromcontinuingoperations
₹ 1,343 mn in Q2FY22 vs ₹ 1,214 mn in Q1FY22, a growth of 10.6% QoQ basis A
Dividend
The Board of Directors have recommended second interim dividend of Rs. 5.70/- per equity share of Rs. 10/- each, i.e. ~35% of consolidated profit aftertax, for the quarter
Financials are on consolidated basis
AboutAngelOne Ltd.
Angel One Limited, (formerly known as Angel Broking Limited), (NSE: ANGELBRKG, BSE: 543235) is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients. The broking and allied services are offered through (i) online and digital platforms and (ii) network of Authorized Persons.
Angel One Ltd extensively uses Artificial Intelligence and Machine Learning to create a superior digital experience. The company has built a host of digital properties like Angel One Mobile App, Angel BEE Mobile App, 'ARQ Prime' a rule-based investment engine, 'SmartAPI' a free-to-integrate API platform, 'Smart Money' an investor education platform, 'SmartStore' a marketplace for fintech products, learning platform and social forums for over 6 million clients.
SafeHarborStatement
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forwardlooking statements to reflect actualresults changed assumptions or other factors.
For further information, please contact
Angel One Limited (Formerly Known as Angel Broking Limited) CIN – L67120MH1996PLC101709 Mr. Hitul Gutka – Head IR Email Id – [email protected] +91 98331 37626 www.angelbroking.com
Company : Investor Relations Advisors :
A. Angelone s GA Strategic Growth Advisors
Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. Shogun Jain / Mr. Shrikant Sangani [email protected] / [email protected] +91 77383 77756 / +91 96195 95686 www.sgapl.net