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ANGEL ONE LIMITED Earnings Release 2021
62103_rns_2021-05-05_feeed272-a6fc-4657-bf29-ee14e492a2d3.pdf
Earnings Release
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May 05, 2021
To, Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Sandra I<urla Complex, Sandra (East), Mumbai - 400 051. Mumbai - 400 001.
Symbol: ANGELBRKG Scrip Code: 543235
Department of Corporate Service SSE Limited Phiroze Jeejeebhoy Towers, Dalal Street,
Dear Sirs,
Subject: Press release -Strong Growth Momentum continues
Please find enclosed press release dated May 05, 2021 for the captioned subject.
This is for your information and records.
Kindly acknowledge the receipt.
Thanking you,
For Angel Broking Limited
J~
Company Secretary and Compliance Officer Membership no. A22506
Encl: As above
CSO & Corporate Office: 6th Floor, Ackruti Star, Central Road, MIDC, Andheri (E) Mumbai-400 093. Tel: (022) 4000 3600 Fax:(022) 393S 7699
Regd Office:
G-1, Ackruti Trade Centre, MIDC, Road No-7, Andheri (E), Mumbai - 400 093. Tel: (022) 6807 0100 Fax: (022) 6807 0107 E-mail: [email protected] Website: www.angelbroking.com
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.
Angel Broking Limited -~---------------~-
Strong Growth Momentum continues
Mumbai, May 5 th , 2021: Angel Broking Limited (BSE: 543235) (NSE: ANGELBRKG), announced its audited consolidated financial results for the Quarter and Full Year ended 31st March 2021.
| Key Performance Highlight | Q4 '21 | QoQ Growth | FY21 | YoY Growth |
|---|---|---|---|---|
| Highest Gross Client Addition | 0.96 mn | t 87% |
2.36 mn | t 322% |
| Highest Share In Incremental Demat Accounts |
17.6% | t 245bps |
16.2% | t 561bps |
| Highest Number of Trades | 218 mn | t 33% |
671 mn | t 149% |
| Highest Avg. Daily Turnover* | ₹ 3.7 trn | t 66% |
₹ 2.0 trn | t 380% |
| Highest Overall Retail Equity Turnover Market Share |
20.8% | t 468bps |
16.0% | t 1,055bps |
| Avg. Client Funding Book Size | ₹ 9.6 bn | t 69% |
₹ 7.2 bn | t 1% |
| Total Gross Revenues | ₹ 4,189 mn | t 33% |
₹ 12,990 mn | t 72% |
| Profit from continuing operations |
₹ 1,020 mn | t 39% |
₹ 2,981 mn | t 243% |
* Highest Avg. Daily Turnover For The Period is average for the entire period i.e. Q4 '21 and FY21
Market share in incremental Demat Accounts = Net client addition of Angel Broking for the period / Net demat addition of industry for the period
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Angel Broking Limited
Commenting on the performance , Mr. Dinesh Thakkar, Chairman & MD said, "Being one of the foremost digital brokers in the country, we have registered a record growth in FY21 and accomplished many milestones, such as highest ever quarterly and yearly gross client addition of approximately 1 mn and 2.4 mn clients in Q4FY21 and FY21 respectively. This translated into significant market-share gain in NSE active client base, overall ADTO and overall retail equity turnover market share. -
We have reported the highest quarterly total Income and profit after tax at Rs 4,189 mn and Rs 1,020 mn respectively in Q4FY21. The Company's asset light model gives it bandwidth for high cash generation and regular dividend payouts. For FY21, the company has distributed Rs. 1,040 mn as dividend amounting to 35% of its profit after tax, as Dividend payout.
Our adoption of intuitive Artificial Intelligence and Machine Leaning based approach to all our processes and platforms have shown tremendous transformation and revolution in the customer experience we provide through our digital platforms. In spite of the substantial clients added by the industry over the last few quarters, India still remains a highly underpenetrated market w.r.t financial inclusion as compared to USA or China, especially in the smaller cities and towns. Therefore, the ongoing growth shall remain sustainable in the foreseeable future, with Fintech brokers like us garnering a significant share."
Commenting on his vision for Angel Broking, Mr. Narayan Gangadhar, Chief Executive Officer said, "We aim to become India's largest, most trusted and revered Fintech company. With India at the cusp of an unprecedented growth trajectory, I am sure that digitalization will play a very crucial role in this growth across all industries. In the broking space, Angel Broking has created a niche for itself by transforming into a full-fledged digital broker and is completely prepared to ride this growth journey. Our focus on continuously improving client experience, will continue to accelerate our journey to become the first choice Fintech partner for every Indian."
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Angel Broking Limited -~-----------------==-
Business Performance at a Glance:
Angel's Turnover Market Share
-
| Particulars | Q4FY21 | Q3FY21 | Growth |
|---|---|---|---|
| Overall Equity | 20.8% | 16.1% | 468bps |
| F&O | 20.9% | 16.1% | 483bps |
| Cash | 16.3% | 17.6% | -134bps |
| Commodity | 25.5% | 26.8% | -136bps |
Angel's Average Daily Turnover (ADTO)
| Particulars (₹ bn) |
Q4FY21 | Q3FY21 | Growth |
|---|---|---|---|
| Overall Equity | 3,753 | 2,261 | 66% |
| F&O | 3,599 | 2,120 | 70% |
| Cash | 69 | 61 | 13% |
| Commodity | 60 | 60 | - |
Client Additions
The Company continued to witnessed strong gross client additions of 0.96 mn in Q4FY21 as compared to 0.51 mn in Q3FY21
Total Income
- ₹ 4,189 mn in Q4FY21 vs ₹ 3,156 mn in Q3FY21, a growth of 33% QoQ A
- ₹ 12,990 mn in FY21 vs ₹ 7,547 mn in FY20 , a growth of 72% YoY A
EBDAT / Operating Profit
- ₹ 1,463 mn in Q4FY21 vs ₹ 1,093 mn in Q3FY21, a growth of 34% QoQ A
- EBDAT Margin (as % of Net Income) remain stable at 49% in Q4FY21 as compared to Q3FY21 despite substantially higher client additions A
- The Asset Light model, backed by Digital First Approach continues to deliver operating leverage benefits
Profit After Tax From Continuing Operations
- ₹ 1,020 mn in Q4FY21 vs ₹ 732 mn in Q3FY21, a growth of 39% QoQ, which includes tax impact for earlier years of ₹ 36 mn
- ₹ 2,981 mn in FY21 vs ₹ 868 mn in FY20, a growth of 243% YoY A
Angel Broking Limited
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End-To-End And Advanced Digital Experience At Flat Price
Equity market is witnessing a shift in trend of consumer preference towards digital platforms
Seamless Experience Across Digital Platforms
* App downloads for Angel Broking Mobile App and Angel BEE upto March 31, '21
Angel Broking Limited -~---------~
About Angel Broking Ltd.
Angel Broking Ltd (ABL) is one of the largest retail broking houses in India in terms of active clients on NSE. ABL is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares and financial products distribution to its clients under the brand "Angel Broking". Broking and allied services are offered through (i) online and digital platforms, and (ii) network of over 15,000 Authorized Persons.
ABL had more than 9.2 mn downloads of Angel Broking mobile application and over 1.1 mn downloads of Angel BEE mobile application, which enable clients to avail services digitally. Our customer outreach spans across approximately 97.9% or 18,854 pin codes in India. ABL manages ~₹ 292,040 mn in client assets and over 4.1 mn operational broking accounts.
Safe Harbor Statement
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 forward-looking statements to reflect actual results changed assumptions or other factors.
| For further information, please contact | ||||
|---|---|---|---|---|
| Company : | Investor Relations Advisors : |
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| Angel Broking® | S GA Strategic Growth Advisors |
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| Angel Broking Ltd. CIN – L67120MH1996PLC101709 |
Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 |
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| Mr. Hitul Gutka – Head IR Email Id – |
Mr. Shogun Jain / Mr. Shrikant Sangani [email protected] / |
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| [email protected] +91 98331 37626 www.angelbroking.com |
[email protected] +91 77383 77756 / +91 79774 15681 www.sgapl.net 5 |