Financial Services · NSE/BSE: ANGELONE

Angel One Limited Earnings Summary — Q4 FY2026

Sentiment: Positive
AI-generated summary

Angel One Limited Reports Robust Sequential Recovery in Q4 FY2026 with 19% Profit Growth

Key Takeaways

  • Revenue grew 9.3% sequentially to INR 1,459 crore, reflecting a rebound in retail participation during the final quarter of FY26.
  • Net Profit staged a strong recovery, rising 19% quarter-on-quarter to INR 320 crore, though remaining slightly below year-ago levels.
  • Operating Profit Margins (OPM) stabilized at 41%, up from 40% in the previous quarter, indicating better expense management despite rising costs.
  • Interest expenses reached a quarterly high of INR 134 crore, reflecting increased leverage to support the margin funding book.
  • Borrowings surged significantly to INR 7,951 crore by the end of March 2026, marking a substantial increase in leverage compared to previous years.
  • Client acquisition remains aggressive with the company serving over 37 million clients, solidifying its position as India's largest listed retail broker.

Management Guidance

Management is focused on a 'Super App' strategy to deepen client engagement and is expanding into wealth management and insurance distribution.

Sentiment Shift

Improving

Outlook

The outlook remains constructive on retail segment growth but cautious regarding regulatory compliance costs and the high interest expense burden from the leveraged book.

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This summary is AI-generated from Angel One Limited's latest annual report and public disclosures. It is for informational purposes only and is not investment advice.