ANGEL ONE LIMITED — Earnings Release 2024

Oct 12, 2023

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To,
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To, Listing Department Department of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 051. Mumbai - 400 001. Symbol: ANGELONE Scrip Code: 543235

Dear Sirs/ Ma’am,

Sub: Press Release- Highest Ever Business Performance

Please find enclosed Press Release dated October 12, 2023 for the captioned subject.

This is for your information and records.

Thanking you,

For Angel One Limited

NAHEED Digitally signed by NAHEED REHAN REHAN PATEL Date: 2023.10.12 PATEL 17:52:28 +05'30'

Naheed Patel

Company Secretary and Compliance Officer

Date: October 12, 2023

Place: Mumbai

Encl: As above

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601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri (E), Mumbai - 400093. T: (022) 2820 5943 | (022) 4000 3600 F: (022) 4000 3609 E: support@angelone.in www.angelone.in

Angel One 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.

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Angel One Limited

Highest Ever Business Performance

Mumbai, 12[th] Oct, 2023: Angel One Limited (BSE: 543235) (NSE: ANGELONE), announced its unaudited consolidated financial results for the quarter and half year ended 30[th] Sept 2023.

		Total Income (₹ mn)	Total Income (₹ mn)	Total Income (₹ mn)	EBDAT (₹ mn)	EBDAT (₹ mn)	EBDAT (₹ mn)	EBDAT (₹ mn)	EBDAT (₹ mn)
			~~29%~~			~~37%~~						~~38%~~
		8,111 10,493			3,	056 4,185					2,208 3,045
		Q1 ’24 Q2 ’24			Q1 ’24 Q2 ’24
							Q2 ‘24		%	Change QoQ			% Change YoY
	Client Acquisition Metrics		Total Client Base				17.1 Mn			13.3%			47.6%
			Gross Client Acquisition				2.1 Mn			59.8%			79.7%
			Share in India’s Demat Accounts				13.2%			67 bps			189 bps
	Active Client Metrics		NSE Active Client Base				4.9			10.0%			16.0%
			Rank In Incremental NSE Active Client				2nd		Maintained				Maintained
			Share in NSE Active Client				14.6%		27 bps				336 bps
	Transaction Metrics		Number of Orders				338 Mn		36.1%				47.4%
			Average Daily Turnover				₹29.6 Trn		30.3%				143.4%
			Share in Retail Overall Equity Turnover				26.2%		168 bps				452 bps

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Angel One Limited

Commenting on Angel One’s performance, Mr. Dinesh Thakkar, Chairman & Managing Director said , ”We are delighted to announce that Q2 ’24 has marked a historic milestone for us, as we have achieved our best-ever performance across financial and operational metrics.

Our unwavering commitment to enhancing our clients' experience remains the cornerstone of our growth strategy. We continue to make investments in refining various journeys to ensure a seamless and superior experience. We meticulously fine-tuned the onboarding process and introduced a range of innovative features, resulting in heightened client satisfaction. These efforts have not only elevated our NPS and Playstore rankings but have also expanded our market share in India's demat accounts and retail equity turnover.

We curated journeys for our clients, fostering a long-term approach to investing in equities and mutual funds. This strategic focus yielded strong adoption, solidifying our position as the second-largest player in incremental registered SIPs in India. Furthermore, we are systematically broadening our financial services offerings, with plans to close the financial lifecycle loop for our clients by distributing consumer credit products on our platform in the upcoming quarters.

To further elevate the client experience, we are harnessing the power of data by building predictive models driven by deep learning of our clients' behavioral patterns. These models are integrated in our systems using AI/ML techniques to craft hyper-personalized journeys, ultimately enhancing client satisfaction and delight.

In line with our established dividend policy, the Board of Directors has approved the distribution of 35% of the quarter's profit as a second interim dividend, reaffirming our commitment to delivering value to our shareholders.”

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Angel One Limited

Business Performance at a Glance:

Turnover Market Share

Particulars	Q2 ’24	Q1 ’24	QoQ Growth
Overall Equity	26.2%	24.5%	168 bps
F&O	26.2%	24.6%	168 bps
Cash	14.0%	13.4%	60 bps
Commodity	56.6%	56.9%	-29 bps

No. of Orders

Particulars (Mn)	Q2 ’24	Q1 ’24	QoQ Growth
Total	338	249	36.1%
F&O	264	199	32.8%
Cash	62	38	63.5%
Commodity	12	11	4.9%

▪ Client Addition & Client Base

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• Highest ever clients added in a quarter at 2.1 mn, a growth of 59.8% on QoQ basis Client base stood at nearly 17.1 mn, a growth of 13.3% on QoQ basis

• Average Daily Turnover (ADTO)

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• ₹ 29.6 trillion in Q2 ‘24 vs ₹ 22.7 trillion in Q1 ‘24 , a growth of 30.3% on QoQ basis

• Consolidated Total Gross Revenues

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• ₹ 10,493 mn in Q2 ‘24 vs ₹ 8,111 mn in Q1 ‘24 , a growth of 29.4% on QoQ basis

• Consolidated EBDAT

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• ₹ 4,185 mn in Q2 ‘24 vs ₹ 3,056 mn in Q1 ‘24 , a growth of 36.9% on QoQ basis EBDAT Margin (as % of Net Income) stood at 51.3% in Q2 ‘24

• Consolidated Profit After Tax From Continuing Operations

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• ₹ 3,045 mn in Q2 ‘24 vs ₹ 2,208 mn in Q1 ‘24, a growth of 37.9% on QoQ basis

• Dividend

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• The Board of Directors have recommended ₹ 12.70 per equity share of ₹ 10/- each, as interim dividend, equivalent to 35% of consolidated profit after tax for the quarter

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Angel One Limited

About Angel One Ltd.

Angel One Limited, (NSE: ANGELONE, 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 and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms to clients acquired directly and through assisted business.

Angel One Ltd extensively uses Artificial Intelligence, Machine Learning and Data Science to create a superior digital experience. The company has built a host of digital properties like Angel One Mobile App, ‘ARQ Prime’ a rule-based recommendation 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 17 million clients.

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 forwardlooking statements to reflect actual results changed assumptions or other factors.

For further information, please contact

Company :

Investor Relations Advisors :

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Angel One Limited Strategic Growth Advisors Pvt. Ltd. CIN – L67120MH1996PLC101709 CIN - U74140MH2010PTC204285 Mr. Hitul Gutka – Head IR Mr. Shogun Jain / Mr. Shrikant Sangani hitul.gutka@angelbroking.com shogun.jain@sgapl.net / +91 98331 37626 shrikant.sangani@sgapl.net www.angelbroking.com +91 77383 77756 / +91 96195 95686 www.sgapl.net