Daijiworld Media Network- Mumbai
Mumbai, Apr 17: Angel One Ltd, one of India's leading financial services companies, reported a sharp decline in its financial performance for the fourth quarter (Q4) of FY25, posting a steep 49% drop in net profit to Rs 174.5 cr, compared to Rs 399.9 cr in the same period last year.
The company's operational revenue also witnessed a significant 22.1% year-on-year decline, falling to Rs 1,056 cr in the March quarter, down from Rs 1,357.3 cr reported in Q4 FY24.
Angel One’s core broking business bore the brunt of the slowdown, with net broking revenue sliding by nearly 28% to Rs 490.6 cr, as against Rs 685.6 cr a year ago. The company's EBITDA also took a hit, plunging 44% year-on-year to Rs 264.3 cr from Rs 475.5 cr.
Despite the underwhelming performance, the Board of Directors, at its meeting held on April 16, approved a final dividend of Rs 26 per share for FY25. The company stated that the dividend will be paid within 30 days following its approval at the upcoming Annual General Meeting (AGM).
Following the Q4 results announcement, Angel One’s stock dipped 3.85% in early trading to Rs 2,262 on the National Stock Exchange (NSE). In contrast, the benchmark Nifty index showed a marginal decline of 0.23%, trading at 23,383.10. So far in calendar year 2025, Angel One shares have fallen nearly 25%.
Founded in 1996 and formerly known as Angel Broking, the company is led by its Chairman and Managing Director Dinesh Thakkar. It provides an array of services such as stock broking, mutual funds, insurance, and personal loan offerings. As of March 2024, Angel One boasts a client base of 3.1 cr and manages assets exceeding Rs 3,700 cr. The company’s current market capitalisation stands at Rs 20,495.84 cr.
In its regulatory filing, Angel One said, “Approved and recommended the Final Dividend of Rs 26 per equity share (for the financial year 2024-25). The dividend, if approved by the members of the Company at the ensuing AGM, will be paid within 30 days from the date of the AGM.”
Industry experts are watching closely to see how the company plans to navigate the ongoing market volatility and sustain growth amidst heightened competition in the financial services sector.