Angel One Limited Earnings Summary — Q1 FY2027
Angel One Reports Strong Q1 FY27 Performance with Revenue and Net Profit Rebounding
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 2.0% sequentially in Q1 FY2027.
- Revenue of ₹1,430 Cr is 25.4% higher year-on-year.
- Revenue has compounded at 2.3% annualised over the last 10 quarters.
- Net profit of ₹231 Cr is 102.1% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -15.7% annualised across the period.
- Operating margin stands at 33.9% in Q1 FY2027.
- Operating margin expanded by 984 bps year-on-year.
- Over the last two years operating margin has expanded by 45 bps.
- PBT margin is 22.7%.
- Expense growth of 9.1% remained below revenue growth of 25.4%.
- Operating profit of ₹485 Cr is 76.5% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 61/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 1,430 | 1,459 | 1,335 | 1,202 | 1,141 | 1,056 | 1,262 | 1,515 | 1,405 | 1,357 |
| Expenses | Stable | 945 | 861 | 806 | 786 | 866 | 713 | 766 | 843 | 935 | 827 |
| Operating Profit | Improving | 485 | 599 | 529 | 415 | 275 | 343 | 496 | 672 | 470 | 530 |
| Operating Margin | Stable | 33.9% | 41.0% | 39.6% | 34.6% | 24.1% | 32.5% | 39.3% | 44.4% | 33.5% | 39.0% |
| Other Income | Volatile | 4 | 8 | 3 | 2 | 3 | 2 | 2 | 1 | 5 | 1 |
| Interest | Improving | 129 | 134 | 127 | 93 | 83 | 80 | 84 | 75 | 56 | 56 |
| Depreciation | Improving | 35 | 33 | 32 | 31 | 30 | 29 | 27 | 26 | 23 | 17 |
| Profit Before Tax | Stable | 325 | 440 | 373 | 294 | 164 | 236 | 387 | 572 | 397 | 459 |
| Tax | Stable | 93 | 120 | 105 | 82 | 50 | 61 | 106 | 149 | 104 | 119 |
| Net Profit | Improving | 231 | 320 | 269 | 212 | 114 | 175 | 281 | 423 | 293 | 340 |
| Net Margin | Stable | 16.2% | 21.9% | 20.1% | 17.6% | 10.0% | 16.5% | 22.3% | 27.9% | 20.8% | 25.1% |
Key Takeaways
- Consolidated Net Profit for Q1 FY27 surged 102.1% YoY to ₹2,313.98 million, though it fell 27.7% sequentially from Q4 FY26.
- The board declared a 1st Interim Dividend of Re. 1.00 per equity share for FY 2026-27, with a record date of July 21, 2026.
- Average daily orders reached 7.4 million by March 2026, leading to a six-quarter high of 431 million total orders for the period.
- Ionic Wealth management business saw significant growth, with AUM crossing ₹100 billion, a 23% increase quarter-over-quarter.
- Angel One is aggressively integrating AI, reporting that 80% of Ionic Wealth's codebase is now AI-generated.
- The company announced an intention to appoint Deloitte Haskins & Sells LLP as statutory auditors starting in FY 2027-28.
- A significant one-time IPL sponsorship and related expense of ₹1,366.22 million was recorded during the current quarter.
- Credit business reached lifetime cumulative disbursements of ₹27.1 billion, with ₹6.1 billion disbursed in the latest quarter.
Management Guidance
Management is focused on building a unified technology-led financial platform across wealth, asset management, and credit. They plan to infuse ₹1.5 billion each into the wealth management and NBFC platforms to scale these emerging engines. AI remains a core pillar for productivity and scaling.
Sentiment Shift
Improving
Strong year-over-year growth across all core metrics and successful scaling of new business segments like Wealth and Credit offset sequential margin compression caused by seasonality and one-time marketing spends.
Outlook
The company remains well-positioned to benefit from the structural shift in Indian financial services, targeting deeper client engagement and higher value per client through its diversified product ecosystem.
From the Annual Report (Key Quotes)
“Our average daily orders have recovered well, and our operating margins are back within our guided range.”
“The omnichannel model central to wealthtech, HNI segment, has emerged as a proven moat.”
“AI is now embedded across multiple efficiency, effectiveness and growth initiatives for both our clients and the organization.”
Official Quarterly Documents
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This summary is AI-generated from Angel One Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.