Angel One Ltd (ANGELONE)

Angel One Ltd Receives Significant Revenue Upgrade from Analysts - 25 Apr, 2024

Analysts have upgraded their revenue forecast for Angel One Ltd, with a consensus of ₹45b in 2025, an 8.3% increase from the past year. Statutory earnings per share are expected to jump 30% to ₹163. The recent forecasts show optimism and improvement in both revenue estimates and earnings per share.

Angel One FY 2024 Earnings Beat Expectations - 24 Apr, 2024

Angel One Ltd reports a revenue of ₹41.4b, up by 41% YoY, and net income of ₹11.3b, up by 26% YoY. However, the profit margin decreased to 27% due to higher expenses. The EPS increased to ₹134 from ₹107 in FY 2023.

Angel One Ltd Shares Rise on Strong Financial Performance - 23 Apr, 2024

Brokerage firm Motilal Oswal has assigned a 'buy' rating to Angel One Ltd, with a target price of Rs 4200 per share. The company's net brokerage income increased by 65%, while total operating expenses rose by 114% annually and 26% quarterly. In Q4 FY23/24, the company's net profit grew by 27.3% YoY to Rs 340 crore, and revenue increased by 64.3% to Rs 1372 crore. Shares have risen 20% in the previous six months and given investors a return of 670% over three years.

Angel One Q4 FY24 Results Show Strong Growth - 20 Apr, 2024

Angel One Ltd's Q4 FY24 results reveal significant YoY growth in topline and profit, with an EPS of ₹40.03 for the quarter. The market cap stands at ₹25107.34 Cr, with a consensus recommendation to buy.

Angel One Sees Robust Growth Amid Fundraising - 19 Apr, 2024

Angel One reported a strong Q4 performance with a 27.3% YoY growth in net profit at Rs 340 crore. Motilal Oswal recommends a 'Buy' rating with a target price of INR 4200. ICICI Securities upgraded the stock to Buy with a target price of Rs 3469. The company projects a CAGR of 55-60% in client acquisition. Recent fundraising may enable growth in broking business while there is steady capacity buildup in AMC, wealth and lending businesses.

Angel One Reports Strong Q4FY24 Results - 18 Apr, 2024

Angel One Ltd reported strong Q4FY24 results, with net profit up 31% QoQ and total revenue from operations up 28% QoQ. The company also achieved its highest-ever client addition, with a 79% YoY increase in orders processed and an 18% retail turnover market share. Angel One's consolidated net profit rose 27.34% YoY to Rs 339.95 crore in Q4 FY24.

Angel One Reports Strong Q4 Results - 17 Apr, 2024

Angel One Ltd reports a 27% YoY growth in net profit for Q4FY24, with consolidated revenue rising nearly 65%. The company has been spending more on client acquisition and technological upgrades as it battles rising competition.

Angel One Q3FY24 Results Show Marginal Revenue Increase and Net Profit Decrease - 14 Apr, 2024

Angel One Ltd's Q3FY24 results show a marginal increase in revenue from Rs. 1,048 crores to Rs. 1,059 crores, but a decrease in net profits from Rs. 304 crores to Rs. 260 crores.

Angel One Raises Rs 1,500 Crore Through QIP - 05 Apr, 2024

Angel One Ltd has successfully raised Rs 1,500 crore through the Qualified Institutional Placement (QIP) route to fund its working capital requirements, margin obligations fulfilled on behalf of clients, margin trading facility provided to clients, future growth requirements, and general corporate purpose. The QIP saw an overwhelming response from both domestic and foreign institutional investors.

Angel One Reports Mixed Business Update; Shares Drop - 04 Apr, 2024

Angel One reports mixed business update with a drop in daily orders and gross client acquisition in March 2024. However, the company's overall client base jumped 61.5% YoY to 22.24 million. The consolidated net profit grew by 14.2% to Rs 260.30 crore in Q3 FY24.

Angel One raises Rs 1,500 crore through institutional share sale - 03 Apr, 2024

Angel One has raised Rs 1,500 crore through its institutional share sale at a floor price of Rs 2,555.01 per equity share. Motilal Oswal Mutual Fund was allotted nearly one-third of the total equity shares issued as part of the QIP. The company plans to use the funds to grow the business and explore inorganic growth opportunities within the fintech space. Angel One's average daily orders have grown from 0.5 million in FY20 to 5.4 million in the first 10 months of FY24.

Angel One Launches QIP Issue to Raise Funds for Growth Opportunities - 27 Mar, 2024

Angel One has launched a Qualified Institutional Placement (QIP) issue to raise funds and capitalize on emerging opportunities within its broking business and fintech sector. The company plans to diversify its product portfolio by offering distribution services for credit and fixed income products to clients.